0000899243-22-023508.txt : 20220621
0000899243-22-023508.hdr.sgml : 20220621
20220621204009
ACCESSION NUMBER: 0000899243-22-023508
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220617
FILED AS OF DATE: 20220621
DATE AS OF CHANGE: 20220621
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Metcalf Jeffrey
CENTRAL INDEX KEY: 0001928965
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39061
FILM NUMBER: 221029742
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
2022-06-17
0
0001340476
DIRTT ENVIRONMENTAL SOLUTIONS LTD
DRTT
0001928965
Metcalf Jeffrey
7303-30TH STREET SE
CALGARY
A0
T2C 1N6
ALBERTA, CANADA
0
1
0
0
See Remarks
Common Shares
2022-06-17
4
M
0
13333
A
67160
D
Common Shares
2022-06-17
4
F
0
6400
0.9447
D
60760
D
Restricted Share Units
2022-06-17
4
M
0
13333
0.00
D
Common Shares
13333
13333
D
On June 17, 2020, the reporting person was granted 40,000 restricted share units ("RSUs"), vesting in three equal annual installments beginning on the first anniversary of the grant date. Each RSU represents a conditional right to receive a cash payment equal to the fair market value of one share of common stock of the Issuer (a "Common Share") or, at the Issuer's discretion, a number of Common Shares equal to the number of vested RSUs (or a combination of cash and Common Shares). One-third of the RSUs vested on June 17, 2022 and were converted into Common Stock on a one-to-one basis at the Issuer's discretion.
The price used to calculate the tax liability was C$1.2314, which was the Fair Market Value of the Issuer's Common Shares on the vesting date, converted from Canadian dollars to U.S. dollars using the Bank of Canada daily average exchange rate on June 17, 2022 of C$1.3035 = US $1.00.
Interim Chief Financial Officer
/s/ Nandini Somayaji, as attorney-in-fact for Jeffrey Metcalf
2022-06-21