SEC Form 4 · accession 0001161697-15-000478
WESTMOUNTAIN GOLD, INC. · WMTN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James W Creamer III
Officer — CFO
Period of report
Jul 6, 2015
Accepted (ET)
Nov 6, 2015 · 4:47 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001421601
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Oct 30, 2015 | P | 50,000 | $0.10 | A | 100,313 | 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 purchase Common StockF2 | $0.50 | Jul 6, 2015 | J | 1,000,000 | D | — | Sep 8, 2021 | Common Stock | 1,000,000 | 0 | D |
| Options to purchase Common StockF3 | $0.12 | Jul 6, 2015 | J | 1,000,000 | A | — | Sep 8, 2021 | Common Stock | 1,000,000 | 1,000,000 | D |
Explanation of responses
- F1On July 6, 2015, the Company's Board of Directors approved a modification with the Reporting Person's option package. 1,000,000 options with an exercise price of $0.50 were cancelled and 1,000,000 options with an exercise price of $0.12 were reissued in its place.
- F2250,000 options vest immediately and 250,000 options vest each subsequent year on 09-08-2015, 09-08-2016 and 09-08-2017.
- F3500,000 options vest immediately and 250,000 options vest each subsequent year on 09-08-2015 and 09-08-2016.