McEwen Inc. — Director's Dealing 2013

Apr 22, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: McEwen Mining Inc. (MUX)
CIK: 0000314203
Period of Report: 2013-04-18

Reporting Person: McEwen Robert Ross (Director, President and CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-04-18	Common Stock	C	594000	—	Acquired	594000	Direct
2013-04-18	Common Stock	C	41509285	—	Acquired	41509285	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-04-18	Exchangeable Shares	$	C	594000	Disposed		Common Stock (594000)	Direct
2013-04-18	Exchangeable Shares	$	J	41509285	Disposed		Common Stock (41509285)	Direct

Footnotes

F1: The Exchangeable Shares are convertible into common stock on a one-for-one basis.

F2: 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.

F3: The reporting person transferred the shares to a corporation wholly-owned by him. Subsequent to the transfer, the Exchangeable Shares were converted to common stock. The reporting person disclaims ownership of the shares transferred to the corporation except to the extent of his pecuniary interest therein.