Trilogy Metals Inc. — Director's Dealing 2018

Dec 8, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Trilogy Metals Inc. (TMQ)
CIK: 0001543418
Period of Report: 2018-12-05

Reporting Person: Sanders Elaine (VP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-12-05	Common Shares	A	75000	—	Acquired	748127	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-12-05	Employee Stock Options (Right to Buy)	$2.20	A	300000	Acquired	2023-12-04	Common Stock (300000)	Direct

Footnotes

F1: Grant of restricted stock units. Each restricted stock unit represents a contingent right to receive one share of TMQ common stock. The restricted stock units vest as follows: 50% on 12/5/2018 and 50% on 12/5/2019.

F2: The exercise price reported above was converted from the Canadian exercise price of C$2.94 using an exchange rate of C$1.3353=US$1.00. The options vest as follows: 1/3 on 12/5/2018; 1/3 on 12/5/2019; and 1/3 on 12/5/2020.