Initial Statement of Beneficial Ownership (3)

Date : 12/30/2019 @ 10:10PM
Source : Edgar (US Regulatory)
Stock : Acreage Holdings Inc (QX) (ACRGF)
Quote : 2.5  -0.1 (-3.85%) @ 5:35PM
Acreage (QX) share price Chart

Initial Statement of Beneficial Ownership (3)

FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

OMB APPROVAL
OMB Number: 3235-0104
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Doherty James A III
2. Date of Event Requiring Statement (MM/DD/YYYY)
12/30/2019 

3. Issuer Name and Ticker or Trading Symbol

Acreage Holdings, Inc. [ACRGF]
(Last)        (First)        (Middle)

366 MADISON AVENUE, 11TH FLOOR
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                          _____ 10% Owner
___X___ Officer (give title below)        _____ Other (specify below)
General Counsel /
(Street)

NEW YORK, NY 10017      

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed(MM/DD/YYYY)
 

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 Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock - Class A Subordinate Voting Shares 1104620 (1)D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option (Right to Buy)  (2)11/14/2028 Common Stock - Class A Subordinate Voting Shares 240000 $25.00 D  
Class C-1 Units of High Street Capital Partners, LLC  (3) (3)Common Stock - Class A Subordinate Voting Shares 250000  (3)D  

Explanation of Responses:
(1) Includes 1,018,487 Restricted Stock Units that vest contingent on the reporting person's continued employment, a portion of which are subject to additional vesting parameters set forth in the Lock-Up and Incentive Agreement.
(2) One-third of the options vested on November 14, 2019. The remaining options vest ratably over the subsequent eight quarters.
(3) These Units represent a profits interest security and are convertible into Common Units of High Street Capital Partners, LLC at a ratio as determined by the High Street Capital Partners, LLC Third Amended and Restated Operating Agreement. Common Units are convertible into Class A Subordinate Voting Shares on a 1:1 basis or cash equivalent thereof at the option of Acreage Holdings, Inc. as set forth in the High Street Capital Partners, LLC Third Amended and Restated Operating Agreement. These Units are fully vested.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Doherty James A III
366 MADISON AVENUE, 11TH FLOOR
NEW YORK, NY 10017


General Counsel

Signatures
/s/ Jessica S. Lochmann, Attorney-in-Fact for James A. Doherty III12/30/2019
**Signature of Reporting PersonDate

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