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Trilogy Metals Inc. — Director's Dealing 2016
Dec 17, 2016
33424_dirs_2016-12-16_ea2a2208-a5f5-409b-ac6e-ad4d9510123d.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Trilogy Metals Inc. (TMQ)
CIK: 0001543418
Period of Report: 2016-12-15
Reporting Person: Van Nieuwenhuyse Rick (Director, President & CEO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-12-15 | Employee Stock Option (right to buy) | $0.70 | A | 400000 | Acquired | 2021-12-14 | Common Stock (400000) | Direct |
| 2016-12-15 | Restricted Stock Units | $ | A | 400000 | Acquired | Common Stock (400000) | Direct |
Footnotes
F1: Expressed in Canadian dollars.
F2: The stock options vest in three equal installments on December 15, 2016, December 15, 2017 and December 15, 2018.
F3: Each restricted stock unit represents a contingent right to receive one share of TMQ common stock. The conversion price of the underlying common shares as of the December 15, 2016 vesting date was Cdn $0.63.
F4: The restricted stock units vest in three equal installments on December 15, 2016, December 15, 2017 and December 15, 2018. Vested shares are paid out and delivered to the reporting person as of each vesting date.