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NOVAGOLD RESOURCES INC — Director's Dealing 2024
Jan 31, 2024
31272_dirs_2024-01-31_f5c758e8-7bc1-4b75-ad62-cb1dbe1529c1.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: NOVAGOLD RESOURCES INC (NG)
CIK: 0001173420
Period of Report: 2024-01-24
Reporting Person: WILLIAMS RICHARD ALAN (N/A)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Shares | 401188 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (right to buy) | $6.96 | 2024-11-30 | Common Shares (120000) | Direct | |
| Stock Option (right to buy) | $9.96 | 2025-11-30 | Common Shares (87700) | Direct | |
| Stock Option (right to buy) | $6.75 | 2026-11-30 | Common Shares (132100) | Direct | |
| Stock Option (right to buy) | $5.77 | 2027-11-30 | Common Shares (142700) | Direct | |
| Stock Option (right to buy) | $4.20 | 2028-11-30 | Common Shares (248700) | Direct | |
| Performance Share Units ("PSUs") | $0.00 | Common Shares (49100) | Direct | ||
| Performance Share Units ("PSUs") | $0.00 | Common Shares (60300) | Direct | ||
| Performance Share Units ("PSUs") | $0.00 | Common Shares (31000) | Direct | ||
| Performance Share Units ("PSUs") | $0.00 | Common Shares (107800) | Direct |
Footnotes
F1: The options vest as follows: 1/3 on 12/1/2020; 1/3 on 12/1/2021; and 1/3 on 12/1/2022.
F2: The options vest as follows: 1/3 on 12/1/2021; 1/3 on 12/1/2022; and 1/3 on 12/1/2023.
F3: The options vest as follows: 1/3 on 12/1/2022; 1/3 on 12/1/2023; and 1/3 on 12/1/2024.
F4: The options vest as follows: 1/3 on 12/1/2023; 1/3 on 12/1/2024; and 1/3 on 12/1/2024.
F5: The options vest as follows: 1/3 on 12/1/2024; 1/3 on 12/1/2025; and 1/3 on 12/1/2026.
F6: Represents a grant of Performance Share Units ("PSUs") made pursuant to the Issuer's 2009 Performance Share Unit Plan, as amended ("PSU Plan") which are subject to performance criteria set by the board of directors of the Issuer. The PSUs may convert into common shares of the Issuer or the cash value thereof anywhere between 0% and 150% of the PSU grant amount depending upon actual performance against the performance criteria. The anticipated vesting date is December 1, 2024. The common shares underlying vested PSUs or the cash value thereof, as determined by the Issuer, will be paid to the reporting person, net of applicable tax at the option of the Issuer, as soon as practicable following the vesting date. The reporting person shall not have any voting or dispositive rights with respect to the underlying common shares of the PSUs until the performance criteria has been met and, at the option of the Issuer, the underlying common shares have been issued to the reporting person.
F7: Represents a grant of Performance Share Units ("PSUs") made pursuant to the Issuer's 2009 Performance Share Unit Plan, as amended ("PSU Plan") which are subject to performance criteria set by the board of directors of the Issuer. The PSUs may convert into common shares of the Issuer or the cash value thereof anywhere between 0% and 150% of the PSU grant amount depending upon actual performance against the performance criteria. The anticipated vesting date is December 1, 2025. The common shares underlying vested PSUs or the cash value thereof, as determined by the Issuer, will be paid to the reporting person, net of applicable tax at the option of the Issuer, as soon as practicable following the vesting date. The reporting person shall not have any voting or dispositive rights with respect to the underlying common shares of the PSUs until the performance criteria has been met and, at the option of the Issuer, the underlying common shares have been issued to the reporting person.
F8: Represents a grant of Performance Share Units ("PSUs") made pursuant to the Issuer's 2009 Performance Share Unit Plan, as amended ("PSU Plan") which are subject to vesting criteria set by the board of directors of the Issuer. The PSUs may convert into common shares of the Issuer or the cash value thereof at 100% of the PSU grant amount if the vesting criteria is met. The anticipated vesting date is June 30, 2024. The common shares underlying vested PSUs or the cash value thereof, as determined by the Issuer, will be paid to the reporting person, net of applicable tax at the option of the Issuer, as soon as practicable following the vesting date. The reporting person shall not have any voting or dispositive rights with respect to the underlying common shares of the PSUs until the vesting criteria has been met and, at the option of the Issuer, the underlying common shares have been issued to the reporting person.
F9: Represents a grant of Performance Share Units ("PSUs") made pursuant to the Issuer's 2009 Performance Share Unit Plan, as amended ("PSU Plan") which are subject to performance criteria set by the board of directors of the Issuer. The PSUs may convert into common shares of the Issuer or the cash value thereof anywhere between 0% and 150% of the PSU grant amount depending upon actual performance against the performance criteria. The anticipated vesting date is December 1, 2026. The common shares underlying vested PSUs or the cash value thereof, as determined by the Issuer, will be paid to the reporting person, net of applicable tax at the option of the Issuer, as soon as practicable following the vesting date. The reporting person shall not have any voting or dispositive rights with respect to the underlying common shares of the PSUs until the performance criteria has been met and, at the option of the Issuer, the underlying common shares have been issued to the reporting person.