Trilogy Metals Inc. — Director's Dealing 2021

Dec 14, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Trilogy Metals Inc. (TMQ)
CIK: 0001543418
Period of Report: 2021-12-09

Reporting Person: Giardini Tony (Director, President and CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-12-09	Employee Stock Option (Right to Buy)	$1.74	A	450000	Acquired	2026-12-08	Common Shares (450000)	Direct
2021-12-09	Restricted Stock Units	$	A	185300	Acquired	2023-12-09	Common Shares (185300)	Direct
2021-12-09	Restricted Stock Units	$	A	197200	Acquired	2021-12-09	Common Shares (197200)	Direct

Footnotes

F1: Converted from Canadian exercise price of C$2.21 using an exchange rate of C$1.2700 = US$1.00.

F2: The options were granted on December 9, 2021, and vest as follows: 1/3 on December 9, 2021; 1/3 on December 9, 2022; and 1/3 on December 9, 2023.

F3: Represents December 9, 2021, grant of restricted stock units which vest as follows: 1/3 on December 9, 2021; 1/3 on December 9, 2022; and 1/3 on December 9, 2023.

F4: Represents December 9, 2021, grant of restricted stock units which fully vest on the grant date.