AI assistant
McEwen Inc. — Director's Dealing 2012
Dec 5, 2012
32310_dirs_2012-12-05_725c06b5-dacf-4d24-83b1-a89fcadf9dc0.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: McEwen Mining Inc. (MUX)
CIK: 0000314203
Period of Report: 2012-12-03
Reporting Person: McEwen Robert Ross (Director, President and CEO, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2012-12-03 | Common Stock | X | 2847752 | $2.25 | Acquired | 31325279 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2012-12-03 | Subscription Rights (Right to Buy) | $ | X | 28477527 | Disposed | 2012-12-04 | Common Stock (2847752) | Indirect |
| 2012-12-03 | Subscription Rights (Right to Buy) | $ | X | 38725714 | Disposed | 2012-12-04 | Exchangeable Shares (3872571) | Direct |
| 2012-12-03 | Exchangeable Shares | $ | X | 3872571 | Acquired | Common Stock (3872571) | Direct |
Footnotes
F1: The holder has the right to purchase one share of common stock at a price of $2.25 for each ten (10) subscription rights held.
F2: For every ten (10) McEwen Mining-Minera Andes Acquisition Corp. ("Canadian Exchangeco") Subscription Rights held, the holder has the right to purchase one (1) Exchangeable Share at a price equal to CDN$2.24 per whole share of Canadian Exchangeco ("Exchangeable Share").
F3: Exchangeable Shares are exchangeable on a one-for-one basis for Common Stock at any time at the option of the holder and are intended to have, to the extent practicable, the same economic, voting and other rights as the Common Stock.
F4: Exchangeable Shares may be converted into Common Stock (i) upon certain changes in Canadian tax law, (ii) upon a liquidation, dissolution or winding up of Exchangeco, or (iii) upon a liquidation of the Company. Exchangeco may accelerate redemption in the event that: (A) fewer than 5% of the Exchangeable Shares are outstanding; (B)(1) the Company undergoes a change of control or a change of control is approved, (2) the shareholders of the Company approve a liquidation of the Company or (3) the Company disposes of substantially all of its assets and it is not reasonably practicable to substantially replicate the Exchangeable Shares; or (C) certain voting events are proposed that affect the substantial equivalence of Exchangeable Shares and Common Stock.