SEC Form 4 · accession 0001534122-16-000090
IRELAND INC. · IRLD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas Dg Birnie
Officer — CEO, President & Secretary · Director
Period of report
Feb 28, 2016
Accepted (ET)
Mar 2, 2016 · 6:03 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001166338
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Shares of Common StockF1 | Feb 28, 2016 | M | 625,000 | $0.00 | A | 1,515,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2015 Special Warrants (Right to Buy)F1,F2 | — | Feb 28, 2016 | M | 250,000 | D | Apr 10, 2015 | Feb 28, 2016 | Units | 250,000 | 0 | D |
| 2015 Special Warrants (Right to Buy)F1,F2 | — | Feb 28, 2016 | M | 375,000 | D | May 18, 2015 | Feb 28, 2016 | Units | 375,000 | 0 | D |
| Warrants (Right to Buy)F1 | $0.40 | Feb 28, 2016 | M | 625,000 | A | Feb 28, 2016 | Feb 28, 2020 | Common Stock | 625,000 | 625,000 | D |
Explanation of responses
- F12015 Special Warrants automatically converted into Units at no extra cost on a 1:1 basis, issued at a deemed price of $0.20 per Unit.
- F2Each Unit consists of one share of common stock and one share purchase warrant exercisable at $0.40 per share, expiring February 28, 2020.
Remarks
The filing of this statement shall not be deemed an admission that the Reporting Person is the beneficial owner of any of the equity securities listed in this statement for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise.