SEC Form 4 · accession 0001140361-16-068805
SILVER BULL RESOURCES, INC. · SVBL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian D. Edgar
Officer — Chairman · Director
Period of report
Jun 3, 2016
Accepted (ET)
Jun 6, 2016 · 5:51 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001031093
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jun 3, 2016 | P$0 | 192,810 | — | A | 292,810 | I | By Tortuga Investments Corp. |
| Common StockF3 | holding | — | — | — | 664,962 | I | By 0893306 B.C. Ltd. | |
| Common Stock | holding | — | — | — | 5,650,815 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrants (Right to Buy)F1,F4,F5 | $0.1236 | Jun 3, 2016 | P | 192,810 | A | Jun 3, 2016 | — | Common Stock | 192,810 | 192,810 | I |
Explanation of responses
- F1The reported securities are included within 192,810 SVBL units (the "Units") purchased by the reporting person for C$0.13 per Unit. Each Unit consists of one share of SVBL common stock and one warrant to purchase one share of SVBL common stock.
- F2Represents SVBL common stock purchased and held by Tortuga Investments Corp., a private company wholly owned by the reporting person.
- F3The reporting person disclaims beneficial ownership of these securities, which are held by 0893306 B.C. Ltd., a private company wholly owned by the reporting person's spouse, except to the extent of his pecuniary interest therein for purposes of Section 16 or for any other purpose.
- F4Warrants were priced in Canadian dollars at C$0.16. Exercise price shown is in US$ and was converted based on the foreign currency exchange rate as of June 6, 2016 (C$1.00=US$0.77266).
- F5Each warrant entitles the reporting person to acquire one share of SVBL common stock until June 5, 2017, but if the closing price of the shares of SVBL common stock on the OTCQB Venture Marketplace is US$0.18 or higher for five consecutive trading days, then the warrants will expire 30 trading days from such fifth consecutive day.