SEC Form 4 · accession 0001140361-16-061005
US GEOTHERMAL INC · HTM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dennis J. Gilles
Officer — Chief Executive Officer · Director
Period of report
Apr 11, 2016
Accepted (ET)
Apr 13, 2016 · 2:53 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001172136
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1 | Apr 11, 2016 | A | 269,507 | $0.00 | A | 1,225,681 | D | |
| Common Shares | holding | — | — | — | 45,000 | I | Adult Child | |
| Common Shares | holding | — | — | — | 45,000 | I | Adult Child |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F2 | $0.71 | Apr 11, 2016 | A | 620,000 | A | — | Apr 10, 2021 | Common Shares | 620,000 | 620,000 | D |
Explanation of responses
- F1Includes 185,000 stock units which will not vest until April 11, 2017.
- F2The options vest as follows: 25% on 4/11/16; 25% on 10/11/16; 25% on 4/11/17; and 25% on 10/11/17.