Trilogy Metals Inc. — Director's Dealing 2014

Sep 12, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NovaCopper Inc. (NCQ)
CIK: 0001543418
Period of Report: 2014-09-09

Reporting Person: Stairs Janice (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-09-09	Deferred Share Units	$0.0	A	26150	Acquired		Common Stock (26150)	Direct
2014-09-09	Director Stock Option (right to buy)	$1.22	A	75000	Acquired	2019-09-08	Common Stock (75000)	Direct

Footnotes

F1: The deferred stock units ("DSUs") reported herein will vest upon the commencement of the Issuer's annual shareholder meeting in Spring 2015 (the "2015 Meeting"), if the Reporting Person is serving as a director of the Issuer immediately prior to the start of the 2015 Meeting. The common shares underlying the DSUs will not be issued to the grantee, and the grantee shall not have any voting or dispositive rights with respect to the underlying common shares, until termination of the grantee's employment or services as a director of the Issuer. The grants will expire no later than 90 days after the grantee's termination date.

F2: Expressed in Canadian dollars.