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NEWMONT Corp /DE/ — Director's Dealing 2011
Jan 20, 2011
29882_dirs_2011-01-20_24fa6a01-819d-4a98-962c-fe56e4b70bdd.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: NEWMONT MINING CORP /DE/ (NEM)
CIK: 0001164727
Period of Report: 2011-01-18
Reporting Person: Gutierrez David V (VP, Planning & Tax)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-01-18 | Phantom Stock | $ | M | 65 | Disposed | Common Stock (65) | Direct |
Footnotes
F1: Each share of phantom stock held in the Saving Equalization Plan (the "SEQ") is the economic equivalent of one share of the Issuer's common stock. Pursuant to the terms and conditions of the SEQ, the reporting person elected in September 2008 to receive a cash distribution on January 15, 2011 (or the soonest business day thereafter) of the phantom stock represented by the reporting person's contributions to the SEQ made between January 1, 2005 and December 31, 2008. Such shares of phantom stock were valued at the closing price of the Issuer's common stock on January 18, 2011 and the reporting person received cash equal to such value.
F2: Active SEQ participants who made contributions from January 1, 2005 to December 31, 2008 held the right to elect on or before December 31, 2008 an in-service distribution to be paid pursuant to the terms of the SEQ. The reporting person made such election in September 2008.