SEC Form 4 · accession 0001140361-15-045736

Trilogy Metals Inc. · TMQ

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — VP and CFO

Period of report

Dec 23, 2015

Accepted (ET)

Dec 28, 2015 · 5:11 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001543418

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock	Dec 23, 2015	M	36,133	$0.00	A	314,728	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Employee Stock Option (right to buy)^F1,F2	$0.44	Dec 23, 2015	A	200,000	A	—	Dec 22, 2020	Common Stock	200,000	200,000	D
Restricted Stock Units^F3,F4	—	Dec 23, 2015	A	200,000	A	—	—	Common Stock	200,000	200,000	D
Restricted Stock Units^F3,F4	—	Dec 23, 2015	M	36,133	D	—	—	Common Stock	36,133	163,867	D
Restricted Stock Units^F3,F4	—	Dec 23, 2015	M	30,533	D	—	—	Common Stock	30,533	133,334	D

F1Expressed in Canadian dollars.
F2The stock options vest in three equal installments on December 23, 2015, December 23, 2016 and December 23, 2017.
F3Each restricted stock unit represents a contingent right to receive one share of NCQ common stock or the economic equivalent thereof, at the election of the board of directors of NovaCopper Inc. The conversion price of the underlying common shares as of the December 23, 2015 settlement date was Cdn $0.44.
F4The restricted stock units vest in three equal installments on December 23, 2015, December 23, 2016 and December 23, 2017.
F5Pursuant to the terms of NovaCopper Inc. 2012 Restricted Share Unit Plan, a portion of the vested restricted stock units was paid in cash in lieu of delivery of the underlying common shares.