Loop Industries, Inc. - 4 filing on 2019-03-21

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Switzer Nelson

(Last)

(First)

(Middle)

480 FERNAND POITRAS

(Street)

TERREBONNE

J6Y 1Y4

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Loop Industries, Inc. [ LOOP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Chief Growth Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2019

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	03/01/2019		A		11,737		⁽¹⁾	⁽¹⁾	Common Stock	11,737	$0	11,737	D
Stock Option (Right to Buy)	$8.75	03/01/2019		A		16,683		⁽²⁾	⁽²⁾	Common Stock	16,683	$0	16,683	D

Explanation of Responses:

1. On January 21, 2019, Mr. Switzer (the "Reporting Person") was granted 27,616 restricted stock units (the "RSUs"), subject to performance-based and time-based vesting requirements. These RSUs became eligible for time-based vesting upon the satisfaction of certain performance criteria on March 1, 2019. 3,913 of the shares subject to this grant shall vest on March 1, 2020, 3,912 shares shall be subject to vest on March 1, 2021, and 3,912 shares shall be subject to vest on March 1, 2022, subject to the Reporting Person continuing to be a Service Provider (as defined in the Switzer Employment Agreement, filed with the SEC on July 10, 2018 as Exhibit 10.12 to the Loop Industries, Inc. Form 10-Q/A for first quarter of fiscal year 2019) through each such date and any applicable terms set forth in the Switzer Employment Agreement (including with respect to a termination without Serious Reason (as defined in the Switzer Employment Agreement)).

2. On January 21, 2019, the Reporting Person was granted an option to purchase 26,693 shares of Loop Industries, Inc. common stock, subject to performance-based and time-based vesting requirements. The options became eligible for time-based vesting upon the satisfaction of certain performance criteria on March 1, 2019. 5,561 of the shares subject to this grant shall vest on March 1, 2020, 5,561 shares shall be subject to vest on March 1, 2021, and 5,561 shares shall be subject to vest on March 1, 2022, subject to the Reporting Person continuing to be a Service Provider through each such date and any applicable terms set forth in the Switzer Employment Agreement (including with respect to a termination without Serious Reason).

Remarks:

	/s/ Nelson Switzer	03/21/2019
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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