SEC Form 4 · accession 0001144204-18-065240
UR-ENERGY INC · URG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Roger L. Smith
Officer — CFO/Chief Admin. Officer
Period of report
Dec 14, 2018
Accepted (ET)
Dec 18, 2018 · 7:12 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001375205
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF5,F7,F6 | Dec 17, 2018 | M | 42,822 | $0.6866 | A | 283,800 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common share options (right to buy)F1,F2 | $0.6802 | Dec 14, 2018 | A | 74,067 | A | — | Dec 14, 2023 | Common shares | 74,067 | 863,499 | D |
| Restricted share units (exchange for common stock)F3,F4 | — | Dec 14, 2018 | A | 18,517 | A | — | — | Common shares | 18,517 | 141,311 | D |
| Restricted Share Units (exchange for common stock)F3,F5 | — | Dec 17, 2018 | M | 60,296 | D | — | — | Common shares | 60,296 | 81,015 | D |
Explanation of responses
- F1The options were priced at $0.91 Canadian dollars. This is the U.S. dollar equivalent of the purchase price pursuant to the exchange rate as of the transaction date (Cdn$ 1.00 = US$0.7474) as reported by Bank of Canada on its website, www.bankofcanada.ca.
- F2Options vest from this grant and become exercisable as follows: 24,442 on December 14, 2019; 24,442 on December 14, 2020 and 25,183 on December 14, 2021.
- F3Each unit is redeemable upon vesting for one common share
- F4Units vest and become redeemable on December 14, 2020.
- F5On December 16,2016, the reporting person was granted 60,296 Restricted Share Units ("RSUs") vesting in two years. Subsequently, the Compensation Committee made the determinations to satisfy the RSU award by delivering common shares rather than cash. Under the terms of the Ur-Energy Inc. Restricted Share Unit Plan, each Restricted Share Unit awarded under the Plan is redeemed on or within thirty (30) days after the applicable redemption date for cash or common shares, as determined by the Compensation Committee of the Board.
- F6The common shares were priced at $0.92 Canadian dollars per share. $0.6866 is the U.S. dollar equivalent of the share price pursuant to the exchange rate as of the transaction date (CDN$ 1.00 = US$ 0.7463), as reported by the Bank of Canada on its website, www.bankofcanada.ca.
- F7The 17,474 shares withheld from issuance by the Company were solely for the purpose of satisfying the tax withholding obligation arising in connection with the vesting of the RSUs granted on December 16, 2016 under the terms of the Ur-Energy Inc. Restricted Share Unit Plan.