New insider Dushnisky Kelvin Paul Michael claimed ownership of 30,000 shares (SEC Form 3)
$LAC
Metal Mining
Basic Materials
| FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 12/31/2024 |
3. Issuer Name and Ticker or Trading Symbol
LITHIUM AMERICAS CORP. [ LAC ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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| 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 Shares | 30,000 | D | |
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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| 1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Restricted Stock Units ("RSU")(1) | (2) | (2) | Common Shares | 34,499 | $0 | D | |
| Restricted Stock Units ("RSU")(1) | (3) | (3) | Common Shares | 15,292 | $0 | D | |
| Restricted Stock Units ("RSU")(1) | (4) | (4) | Common Shares | 1,200 | $0 | D | |
| Restricted Stock Units ("RSU")(1) | (5) | (5) | Common Shares | 244,945 | $0 | D | |
| Deferred Share Units(6) | (6) | (6) | Common Shares | 10,548 | $0 | D | |
| Explanation of Responses: |
| 1. Each restricted share unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. |
| 2. Represents grant of RSUs on January 23, 2024, which vest on the date of grant. |
| 3. Represents grant of RSUs on January 23, 2024, which vest as follows 1/3 on January 23, 2025; 1/3 on January 23, 2026; and 1/3 on January 23, 2027. As of the date of this Form 3, 15,292 unvested RSUs remain. |
| 4. Represents grant of RSUs on October 24, 2023, which vest upon a change of control or termination of the reporting person's services as an officer of the Issuer. |
| 5. Represents grant of RSUs on October 24, 2023, which vest as follows: 1/5 on October 24, 2023; 1/5 October 24, 2024; 1/5 on October 24, 2025; 1/5 on October 24, 2026; and 1/5 on October 24, 2027. As of the date of this Form 3, 244,945 unvested RSUs remain. |
| 6. Each DSU represents the right to receive one common share of the Issuer. The underlying common shares will not be issued to the Reporting Person, and the Reporting Person shall not have any voting or dispositive rights with respect to the underlying common shares, until termination of the Reporting Person's employment or services as a director of the Issuer. Grants to U.S. eligible participants will be settled with no further action by the Reporting Person on the date that is 6 months following the Reporting Person's termination date. Grants to non-U.S. eligible participants will be settled with no further action by the Reporting Person on the 20th business day following the Reporting Person's termination date. |
| /s/ Tereza Fonda as attorney-in-fact for Kelvin Paul Michael Dushnisky | 12/31/2024 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||