SEC Form 4 · accession 0001140361-16-078738
Contango Silver & Gold Inc. · CTGO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph G. Greenberg
Director
Period of report
Aug 27, 2016
Accepted (ET)
Sep 2, 2016 · 4:19 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001502377
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.01F1 | Aug 27, 2016 | M | 2,344 | $12.75 | A | 74,082 | D | |
| Common Stock, par value $0.01F2 | Aug 27, 2016 | M | 5,833 | $10.00 | A | 79,915 | D | |
| Common Stock, par value $0.01F3 | Aug 27, 2016 | M | 2,917 | $10.00 | A | 82,832 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F1 | $12.75 | Aug 27, 2016 | M | 5,000 | A | — | Sep 15, 2016 | Common Stock | 5,000 | 35,000 | D |
| Stock Option (right to buy)F2 | $10.00 | Aug 27, 2016 | M | 10,000 | A | — | Jul 3, 2017 | Common Stock | 10,000 | 25,000 | D |
| Stock Option (right to buy)F3 | $10.00 | Aug 27, 2016 | M | 5,000 | A | — | Dec 7, 2017 | Common Stock | 5,000 | 20,000 | D |
Explanation of responses
- F1On August 27, 2016, the reporting person received 2,344 shares of Common Stock upon the net exercise of 5,000 of the reporting person's stock options that were granted on 9/15/2011. The reporting person forfeited 2,656 shares of Common Stock underlying the stock option in payment of the exercise price resulting from the exercise, using the closing stock price on August 26, 2016, of $24. These options fully vested on September 15, 2013.
- F2On August 27, 2016, the reporting person received 5,833 shares of Common Stock upon the net exercise of 10,000 of the reporting person's stock options that were granted on 7/3/2012. The reporting person forfeited 4,167 shares of Common Stock underlying the stock option in payment of the exercise price resulting from the exercise, using the closing stock price on August 26, 2016, of $24. These options fully vested on July 3, 2014.
- F3On August 27, 2016, the reporting person received 2,917 shares of Common Stock upon the net exercise of 5,000 of the reporting person's stock options that were granted on 12/7/2012. The reporting person forfeited 2,083 shares of Common Stock underlying the stock option in payment of the exercise price resulting from the exercise, using the closing stock price on August 26, 2016, of $24. These options fully vested on December 7, 2014.