SEC Form 4 · accession 0001567619-18-002948
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
Sep 19, 2018
Accepted (ET)
Sep 20, 2018 · 4:32 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 | $0.10 | Sep 19, 2018 | A | 500,000 | A | — | Sep 18, 2023 | Common Stock | 500,000 | 500,000 | D |
Explanation of responses
- F1Options were priced in CDN$ at CDN$0.130. Exercise price shown is in US$ and was converted based on the foreign currency exchange rate as of September 19, 2018 (CDN$1.00=US$0.7721).
- F2This option to purchase common stock vests in three (3) annual installments of 166,666, 166,667 and 166,667. The first installment vests on the date of grant, the second installment vests on September 19, 2019, and the third installment vests on September 19, 2020.