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