0000899243-20-018388.txt : 20200702
0000899243-20-018388.hdr.sgml : 20200702
20200702202111
ACCESSION NUMBER: 0000899243-20-018388
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200630
FILED AS OF DATE: 20200702
DATE AS OF CHANGE: 20200702
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Karkkainen Denise
CENTRAL INDEX KEY: 0001788914
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39061
FILM NUMBER: 201011788
MAIL ADDRESS:
STREET 1: 7303 30 STREET S.E.
CITY: CALGARY
STATE: A0
ZIP: T2C 1N6
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: DIRTT ENVIRONMENTAL SOLUTIONS LTD
CENTRAL INDEX KEY: 0001340476
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372]
IRS NUMBER: 000000000
STATE OF INCORPORATION: A0
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 7303 30 ST S E
CITY: CALGARY ALBERTA T2C 1N6 CAN
STATE: A0
ZIP: T2C 1N6
BUSINESS PHONE: 403-723-5000
MAIL ADDRESS:
STREET 1: 7303 30 ST S E
CITY: CALGARY ALBERTA T2C 1N6 CAN
STATE: A0
ZIP: T2C 1N6
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2020-06-30
0
0001340476
DIRTT ENVIRONMENTAL SOLUTIONS LTD
DRTT
0001788914
Karkkainen Denise
7303-30TH STREET
SE
CALGARY
A0
T2C 1N6
ALBERTA, CANADA
1
0
0
0
Deferred Share Unit
2020-06-30
4
A
0
12716
15312.61
A
Common Shares
12716
43407
D
Each deferred share unit is the economic equivalent of one share of the Issuer's Common Shares. Generally, on the date elected by the Reporting Person following the date that the Reporting Person ceases to serve on the board of directors of the Issuer, the deferred share units will be settled in cash based on the volume weighted average price of the Common Shares for the five immediately preceding days on which the Common Shares were trading on the Toronto Stock Exchange; provided, however that if the Issuer's Common Shares are trading on more than one exchange at such time, such calculation shall be based on the trading price over such five day period on the stock exchange with the higher average trading volume over the twenty trading days immediately prior to such date (such price the "Market Value").
The price used to calculate the number of DSUs granted was C$1.67, which was the Market Value of the Issuer's Common Shares on the date of grant, converted from Canadian dollars to U.S. dollars using the Bank of Canada daily average exchange rate for the quarter ending June, 30 2020 of C$1.3889 = US $1.00.
/s/ Nandini Somayaji, as attorney-in-fact for Denise Karkkainen
2020-07-02