SEC Form 4 · accession 0001171843-18-008052
Corvus Gold Inc. · CORVF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey A Pontius
Officer — CEO & PRESIDENT · Director
Period of report
Nov 15, 2018
Accepted (ET)
Nov 19, 2018 · 6:42 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001507964
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common sharesF1 | Nov 15, 2018 | M | 466,900 | $0.73 | A | 3,859,266 | D | |
| Common sharesF2 | Nov 15, 2018 | M | 500,000 | $0.58 | A | 4,359,266 | D | |
| Common sharesF3 | Nov 15, 2018 | S | 616,900 | $1.51 | D | 3,742,366 | D | |
| Common SharesF4 | Nov 15, 2018 | S | 200,000 | $1.52 | D | 3,542,366 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (right to buy)F1,F5,F4 | $0.73 | Nov 15, 2018 | M | 466,900 | D | — | Nov 19, 2018 | Common Stock | 466,900 | 0 | D |
| Stock Options (right to buy)F2,F6,F5 | $0.58 | Nov 15, 2018 | M | 500,000 | D | — | Nov 19, 2018 | Common Stock | 500,000 | 0 | D |
Explanation of responses
- F1The exercise price reported above was converted from the Canadian exercise price of C$0.96 using an exchange rate of C$1.3202=US$1.00
- F2The exercise price reported above was converted from the Canadian exercise price of C$0.76 using an exchange rate of C$1.3202=US$1.00
- F3The price reported in Column 4 is an average weighted price. The shares were sold in multiple transactions ranging from C$2.06 to C$2.00, inclusive. The reporting person undertakes to provide to Corvus Gold Inc., any security holder of Corvus Gold Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares withheld at each separate price within the ranges set forth in this footnote. The weighted average price reported above was converted from the Canadian weighted average price of C$2.00 using an exchange rate of C$1.3202=US$1.00
- F4The price reported in Column 4 is an average weighted price. The shares were sold in multiple transactions ranging from C$2.00 to C$2.06, inclusive. The reporting person undertakes to provide to Corvus Gold Inc., any security holder of Corvus Gold Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares withheld at each separate price within the ranges set forth in this footnote. The weighted average price reported above was converted from the Canadian weighted average price of C$2.00 using an exchange rate of C$1.3202=US$1.00
- F5The options were granted on 9/19/2012 and were fully vested on 9/19/2014. The expiration date was extended as a result of a black-out period.
- F6The options were granted on 8/16/2013 and were fully vested on 8/16/2015. The expiration date was extended as a result of a black-out period.