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