SEC Form 4 · accession 0001214659-18-007443
NOVAGOLD RESOURCES INC · NG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Deisley
Officer — Exec. VP & General Counsel
Period of report
Dec 3, 2018
Accepted (ET)
Dec 3, 2018 · 3:21 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001173420
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1 | Dec 3, 2018 | M | 134,480 | $0.00 | A | 830,954 | D | |
| Common Shares | Dec 3, 2018 | F | 59,642 | $3.67 | D | 771,312 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Share Units ("PSUs")F1 | $0.00 | Dec 3, 2018 | M | 134,480 | D | — | — | Common Shares | 134,480 | 0 | D |
Explanation of responses
- F1The December 1, 2016 grant totaling 164,000 Performance Share Units (PSUs), which were subject to performance criteria set by the board of directors of the Issuer, was previously voluntarily reported on Form 4. On December 3, 2018, the performance criteria were deemed to have been met with respect to the grant at 82% of the original grant amount, decreasing the award to a total of 134,480 common shares.