U.S. GOLD CORP. — Director's Dealing 2020

Sep 19, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: U.S. GOLD CORP. (USAU)
CIK: 0000027093
Period of Report: 2020-09-16

Reporting Person: RECTOR DAVID (COO, Corporate Secretary)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-09-16	Stock Option (Right to Buy)	$14.70	D	25000	Disposed	2022-12-22	Common Stock (25000)	Direct
2020-09-16	Stock Option (Right to Buy)	$14.70	A	25000	Acquired	2022-12-22	Common Stock (25000)	Direct

Footnotes

F1: The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on December 22, 2017 and provided for one-quarter vesting on December 22, 2017 and the remaining three-quarters to vest in equal yearly installments over a three-year period. Vesting was accelerated for 6,250 options that otherwise would not vest due to the reporting person's termination of employment with the Issuer prior to the vesting date. The post-termination exercise period was extended to December 22, 2022.

F2: The securities and exercise prices shown have been adjusted from the time of grant to reflect the Issuer's 1-for-10 reverse stock split on March 17, 2020.