SEC Form 4 · accession 0001140361-17-015431
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
Apr 6, 2017
Accepted (ET)
Apr 10, 2017 · 4:39 pm EDT
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 | $0.09 | Apr 6, 2017 | A | 1,100,000 | A | — | Apr 5, 2022 | Common Stock | 1,100,000 | 1,100,000 | D |
Explanation of responses
- F1Options were priced in CDN$ at CDN$0.125. Exercise price shown is in US$ and was converted based on the foreign currency exchange rate as of April 6, 2017 (CDN$1.00=US$ 0.7458).
- F2This option to purchase common stock vests in three (3) annual installments of 366,666, 366,667 and 366,667. The first installment vests on the date of grant, the second installment vests on April 6, 2018, and the third installment vests on April 6, 2019.