SEC Form 4 · accession 0001140361-16-054830
SILVER BULL RESOURCES, INC. · SVBL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John A McClintock
Director
Period of report
Feb 23, 2016
Accepted (ET)
Feb 25, 2016 · 3:03 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001031093
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F1,F2 | $0.055 | Feb 23, 2016 | A | 200,000 | A | Feb 23, 2016 | Feb 22, 2021 | Common Stock | 200,000 | 685,000 | D |
Explanation of responses
- F1Options were priced in CDN$ at CDN$0.075. Exercise price shown is in US$ and was converted based on the foreign currency exchange rate as of February 23, 2016 (CDN$1.00=US$0.7277).
- F2Options were granted on February 23, 2016 pursuant to the Silver Bull Resources, Inc. 2010 Stock Option and Stock Bonus Plan. This option to purchase common stock vests in three (3) annual installments of 66,666, 66,667 and 66,667. The first installment vests on the date of grant, the second installment vests on February 23, 2017, and the third installment vests on February 23, 2018.