New insider Grandy Edward claimed ownership of 92,975 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 | 92,975 | 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 Share Units | (2) | (2) | Common Shares | 25,123 | $0 | D | |
| Restricted Share Units(1) | (3) | (3) | Common Shares | 39,856 | $0 | D | |
| Restricted Share Units(1) | (4) | (4) | Common Shares | 8,707 | $0 | D | |
| Restricted Share Units(1) | (5) | (5) | Common Shares | 7,819 | $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 vests 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, 25,123 RSUs remain unvested. |
| 3. Represents grant of RSUs on October 24, 2023, which vests as follows: 1/5 on October 24, 2023; 1/5 on 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, 39,856 RSUs remain unvested. |
| 4. Represents grant of RSUs on February 9, 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 January 31, 2022, which vests as follows: 1/3 on January 31, 2023; 1/3 on January 31, 2024; and 1/3 on January 31, 2025. As of the date of this Form 3, 7,819 RSUs remain unvested. |
| Remarks: |
| Exhibit 24.1 Power of Attorney |
| /s/ Tereza Fonda as attorney-in-fact for Edward Grandy | 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. | ||