SEC Form 4 · accession 0001385849-19-000004
ENERGY FUELS INC · UUUU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Shares | Jan 22, 2019 | A | 20,238 | $2.92 | A | 80,411 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation Rights ("SARs") | $2.92 | Jan 22, 2019 | A | 54,842 | A | Jan 22, 2020 | Jan 22, 2024 | Common Shares | 54,842 | 62,392 | D |
| Stock Options | $7.02 | Jan 23, 2019 | E | 2,400 | D | Jan 23, 2014 | Jan 23, 2019 | Common Shares | 2,400 | 59,992 | D |
Remarks
1. Addition of Common Shares reflects grant of 20,238 restricted stock units which vest as follows: 50% on 1/27/2020; 25% on 1/27/2021; and 25% on 1/27/2022. 2. SARs reflect grant of 54,842 stock appreciation rights which vest as follows: (a) as to one-third of the SARs granted, automatically upon the volume weighted average price ("VWAP") of the Issuer's common shares on the NYSE American equaling or exceeding US$5.00 for any continuous 90-day period; (b) as to an additional one-third of the SARs granted, automatically upon the VWAP of the Issuer's common shares on the NYSE American equaling or exceeding US$7.00 for any continuous 90-day period; and (c) as to the final one-third granted, automatically upon the VWAP of the Issuer's common shares on the NYSE American equaling or exceeding US$10.00 for any continuous 90-day period. 3. Notwithstanding any vesting of any SARs, no SARs may be exercised until January 22, 2020, being the date that is one year after the date of grant. 4. The additional 5,150 derivative securities to the SARs are in the form of stock options with an exercise price of $4.54, to expire 1/28/2020.