SEC Form 4 · accession 0001144204-16-110318
Pershing Gold Corp. · PGLC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglass Scott Barr
Director
Period of report
Jun 24, 2016
Accepted (ET)
Jun 28, 2016 · 6:25 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001432196
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | $0.00 | Jun 24, 2016 | A | 5,995 | A | — | — | Common Stock | 5,995 | 5,995 | D |
Explanation of responses
- F1The Reporting Person received 5,995 restricted stock units pursuant to a Restricted Stock Unit Grant Agreement (the "Agreement") dated June 24, 2016.
- F2Pursuant to the agreement, 1,999 units vest on June 24, 2017, 1,998 units vest on June 24, 2018, and 1,998 units vest on June 24, 2019, subject to acceleration upon the Reporting Person's termination of service on the Issuer's board of directors under certain circumstances set forth in the Agreement or upon a change of control (as defined in the Issuer's 2013 Equity Incentive Plan) of the Issuer. For each vested restricted stock unit, the Reporting Person will be entitled to receive one share of common stock upon termination of service on the Issuer's board of directors or in connection with a change of control or under certain other circumstances, all as set forth in the Agreement.