SEC Form 4 · accession 0001279569-16-004474
URANIUM ENERGY CORP · UEC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Pat Obara
Officer — CHIEF FINANCIAL OFFICER
Period of report
Oct 10, 2016
Accepted (ET)
Oct 12, 2016 · 4:06 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001334933
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| COMMON STOCKF1 | Oct 10, 2016 | M | 180,000 | $0.45 | A | 284,498 | D | |
| COMMON STOCKF1 | Oct 10, 2016 | F | 46,875 | $0.96 | D | 237,623 | D | |
| COMMON STOCK | Oct 10, 2016 | S | 5,000 | $0.93 | D | 232,623 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OPTIONS TO PURCHASEF2,F3 | $0.45 | Oct 10, 2016 | M | 180,000 | D | Oct 10, 2006 | Oct 10, 2016 | COMMON STOCK | 180,000 | 613,000 | D |
Explanation of responses
- F1The Reporting Person exercised options previously granted to him under the Company's stock incentive plan, electing to pay the exercise price pursuant to the deemed net-stock exercise provision of such plan. As such, the Issuer withheld from the shares issuable to the Reporting Person that number of shares having a fair market value equal to the aggregate exercise price (that being 46,875 shares at a fair market value of $0.96 per share), such that the Reporting Person was issued a total of 133,125 shares.
- F2Granted pursuant to and in accordance with the Company's stock incentive plan.
- F3Subsequent to such exercise, the Reporting Person holds options to purchase: 125,000 shares at an exercise price of $0.45 per share expiring on April 7, 2018; 400,000 shares at an exercise price of $1.32 per share, expiring on September 3, 2019; and 88,000 shares at an exercise price of $0.93 expiring on July 28, 2021 (these options to purchase 88,000 shares vest over an 18-month period from grant, such that 25% will vest on October 28, 2016, 25% will vest on January 28, 2017, 25% will vest on July 28, 2017 and the final 25% will vest on January 28, 2018)