SEC Form 4 · accession 0001311605-17-000117
Klondex Mines Unlimited Liability Co · KLDX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John A. Antwi
Officer — Sr. VP, Strategic Development
Period of report
Jun 15, 2017
Accepted (ET)
Jun 19, 2017 · 4:58 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001311605
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Shares | Jun 15, 2017 | M | 1,000 | $0.00 | A | 22,324 | D | |
| Common SharesF2 | Jun 15, 2017 | S | 360 | $3.53 | D | 21,964 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Share UnitsF3,F4 | — | Jun 15, 2017 | M | 1,000 | D | — | — | Common Shares | 1,000 | 1,000 | D |
Explanation of responses
- F1The reporting person's sale of KLDX common stock reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934, to the extent of 360 shares, with the reporting person's purchase of 680 shares of KLDX common stock at a price of $2.9485 per share on June 1, 2017. The reporting person has agreed to pay Klondex Mines Ltd, upon settlement of the sale, $735.80, representing the full amount of the profit realized in connection with the short-swing transaction, less transaction costs.
- F2Represents the number of shares sold to cover the tax liability on the vesting of the RSU grant reported in Table II.
- F3Each restricted share unit represents a contingent right to receive the economic equivalent of one common share of Klondex Mines Ltd. (the "Corporation"), in cash or in shares of common stock, at the option of the Corporation.
- F4The RSUs granted on 9/30/2016 vest as follows: 1/3 on 12/29/2016, 1/3 on 6/15/2017, and 1/3 on 6/15/2018.