SEC Form 4 · accession 0001140361-16-085458
NIOCORP DEVELOPMENTS LTD · NB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark A. Smith
Officer — President & CEO
Period of report
Oct 31, 2016
Accepted (ET)
Nov 8, 2016 · 7:18 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001512228
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1 | Oct 31, 2016 | X | 720,730 | $0.485 | A | 18,770,445 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WarrantsF1 | $0.485 | Oct 31, 2016 | X | 720,730 | D | Nov 10, 2014 | Nov 10, 2016 | Common Shares | 720,730 | 3,411,502 | D |
| WarrantsF2 | $0.4846 | Nov 4, 2016 | S | 500,000 | D | Nov 10, 2014 | Nov 10, 2016 | Common Shares | 500,000 | 2,911,502 | D |
Explanation of responses
- F1The warrants were initially purchased as part of a unit offering on 11/10/14. The warrants are governed by a Warrant Indenture dated November 10, 2014 as supplemented by a Supplemental Warrant Indenture on 5/17/16. The exercise price reported above was converted from the Canadian exercise price of $0.65 using an exchange rate of Cdn$1.13403=US$1.00 on 10/31/2016.
- F2The exercise price reported above was converted from the Canadian exercise price of $0.65 using an exchange rate of Cdn$1.3412=US$1.00 on 11/4/2016.