SEC Form 4 · accession 0001144204-18-024540
Pershing Gold Corp. · PGLC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey G Clevenger
Director
Period of report
Apr 29, 2018
Accepted (ET)
May 1, 2018 · 7:35 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 | Apr 29, 2018 | A | 12,377 | A | — | — | Common Stock | 12,377 | 12,377 | D |
Explanation of responses
- F1The restricted stock units were granted pursuant to a Restricted Stock Unit Grant Agreement (the "Agreement") dated April 29, 2018.
- F2Pursuant to the agreement, 4,126 units vest on April 29, 2019, 4,126 units vest on April 29, 2020, and 4,125 units vest on April 29, 2021, 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.