NOVAGOLD RESOURCES INC — Director's Dealing 2019

Nov 12, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NOVAGOLD RESOURCES INC (NG)
CIK: 0001173420
Period of Report: 2019-11-08

Reporting Person: Lang Gregory A. (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-11-08	Common Shares	M	100000	$2.40	Acquired	202744	Direct
2019-11-08	Common Shares	F	38101	$6.31	Disposed	164643	Direct
2019-11-08	Common Shares	S	58649	$6.27	Disposed	105994	Direct
2019-11-08	Common Shares	J	3250	$0.00	Disposed	102744	Direct
2019-11-08	Common Shares	J	3250	$0.00	Acquired	1572385	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-11-08	Stock Option (Right to Buy)	$2.40	M	100000	Disposed	2019-11-30	Common Shares (100000)	Direct

Footnotes

F1: The price reported above was converted from the Canadian exercise price of C$3.18 to USD using an exchange rate of CAD$1.3223=USD$1.00.

F2: The price reported in Column 4 is a weighted average price. These shares were withheld in multiple transactions ranging from C$8.315 to C$8.35, inclusive. The reporting person undertakes to provide to NOVAGOLD RESOURCES INC., any security holder of NOVAGOLD RESOURCES INC., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares withheld at each separate price within the ranges set forth in this footnote. The weighted average price was converted from the Canadian weighted average price of C$8.35 using an exchange rate of CAD$1.3223=USD$1.00.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from C$8.27 to C$8.315, inclusive. The reporting person undertakes to provide to NOVAGOLD RESOURCES INC., any security holder of NOVAGOLD RESOURCES INC., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. The weighted average sales price reported above was converted from the Canadian weighted average sales price of C$8.29 using an exchange rate of CAD$1.3223=USD$1.00.

F4: These shares were transferred to a trust for the benefit of the reporting person's family. The reporting person is the trustee, but is not a beneficiary of the family trust.

F5: These options vested as follows: 1/3 on 12/1/2014; 1/3 on 12/1/2015; and 1/3 on 12/1/2016.