Trilogy Metals Inc. — Director's Dealing 2014

Dec 9, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NovaCopper Inc. (NCQ)
CIK: 0001543418
Period of Report: 2014-12-05

Reporting Person: Sanders Elaine (VP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-12-05	Common Stock	M	66667	$0.0	Acquired	149969	Direct
2014-12-05	Common Stock	S	32536	$0.56	Disposed	117433	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-12-05	Employee Stock Option (right to buy)	$0.62	A	200000	Acquired	2019-12-04	Common Stock (200000)	Direct
2014-12-05	Restricted Stock Units	$	M	66667	Disposed		Common Stock (66667)	Direct

Footnotes

F1: Expressed in Canadian dollars.

F2: The stock options vest in three equal installments on December 5, 2014, December 5, 2015 and December 5, 2016.

F3: Each restricted stock unit represents a contingent right to receive one share of NCQ common stock. The conversion price of the underlying common shares as of the December 5, 2014 settlement date was Cdn$0.63.

F4: The restricted stock units vest in three equal installments on June 5, 2013, December 5, 2013 and December 5, 2014.