SEC Form 4 · accession 0001144204-17-006463
Pershing Gold Corp. · PGLC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric Alexander
Officer — VP Finance and Controller
Period of report
Feb 3, 2017
Accepted (ET)
Feb 7, 2017 · 3:36 pm EST
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 | Feb 3, 2017 | A | 16,653 | A | — | — | Common Stock | 16,653 | 16,653 | D |
Explanation of responses
- F1The Reporting Person received 16,653 restricted stock units pursuant to a Restricted Stock Unit Grant Agreement (the "Agreement") dated February 3, 2017.
- F2Pursuant to the Agreement, 8,326 units vested on February 3, 2017 and 8,327 units vest on February 3, 2018, 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.