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Trilogy Metals Inc. — Director's Dealing 2015
Dec 28, 2015
33424_dirs_2015-12-28_a56c7cfa-1cc0-43f2-ae10-883d9ceed341.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: NovaCopper Inc. (NCQ)
CIK: 0001543418
Period of Report: 2015-12-23
Reporting Person: Sanders Elaine (VP and CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-12-23 | Common Stock | M | 36133 | — | Acquired | 314728 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-12-23 | Employee Stock Option (right to buy) | $.44 | A | 200000 | Acquired | 2020-12-22 | Common Stock (200000) | Direct |
| 2015-12-23 | Restricted Stock Units | $ | A | 200000 | Acquired | Common Stock (200000) | Direct | |
| 2015-12-23 | Restricted Stock Units | $ | M | 36133 | Disposed | Common Stock (36133) | Direct | |
| 2015-12-23 | Restricted Stock Units | $ | M | 30533 | Disposed | Common Stock (30533) | Direct |
Footnotes
F1: Expressed in Canadian dollars.
F2: The stock options vest in three equal installments on December 23, 2015, December 23, 2016 and December 23, 2017.
F3: Each restricted stock unit represents a contingent right to receive one share of NCQ common stock or the economic equivalent thereof, at the election of the board of directors of NovaCopper Inc. The conversion price of the underlying common shares as of the December 23, 2015 settlement date was Cdn $0.44.
F4: The restricted stock units vest in three equal installments on December 23, 2015, December 23, 2016 and December 23, 2017.
F5: Pursuant to the terms of NovaCopper Inc. 2012 Restricted Share Unit Plan, a portion of the vested restricted stock units was paid in cash in lieu of delivery of the underlying common shares.