SEC Form 4 · accession 0001235110-15-000020
General Moly, Inc · GMO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Ira Pennington
Officer — Chief Operating Officer
Period of report
Apr 28, 2015
Accepted (ET)
Apr 29, 2015 · 1:24 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001275229
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Apr 28, 2015 | C | 150,000 | $0.5166 | A | 625,854 | D | |
| Common StockF2 | holding | — | — | — | 158,000 | I | By Robert Pennington Dolores R. Pennington P/ADM Mineral Development LLC Dated 10-15-2007 |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 10% senior convertible promissory notesF1,F3,F4 | $0.5166 | Apr 28, 2015 | C | 150,000 | D | — | — | Common Stock | 150,000 | 0 | D |
Explanation of responses
- F1The conversion price is equal to 80% of the greater of (i) the average volume weighted average price ("VWAP") for the 30 business day period ending on the business day prior to the date of notice of conversion, or (ii) the average VWAP for the 30 business day period ending on the original issue date of the notes; provided that in no event will the conversion price be less than $0.32. The total number of shares of common stock into which the notes are convertible shall not exceed 100 shares of common stock for each $100 principal amount converted, subject to adjustment for stock splits, dividends and combinations.
- F2Robert Pennington is the sole member of the Robert Pennington Dolores R. Pennington P/ADM Mineral Development LLC.
- F3The notes are convertible at any time at the option of the holder into common stock of the issuer.
- F4The notes mature on December 26, 2019.