SEC Form 4 · accession 0001140361-16-090115
Trilogy Metals Inc. · TMQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Elaine Sanders
Officer — VP and CFO
Period of report
Dec 15, 2016
Accepted (ET)
Dec 16, 2016 · 7:11 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001543418
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F1,F2 | $0.70 | Dec 15, 2016 | A | 200,000 | A | — | Dec 14, 2021 | Common Stock | 200,000 | 200,000 | D |
| Restricted Stock UnitsF3,F4 | — | Dec 15, 2016 | A | 200,000 | A | — | — | Common Stock | 200,000 | 333,334 | D |
Explanation of responses
- F1Expressed in Canadian dollars.
- F2The stock options vest in three equal installments on December 15, 2016, December 15, 2017 and December 15, 2017.
- F3Each restricted stock unit represents a contingent right to receive one share of TMQ common stock. The conversion price of the underlying common shares as of the December 15, 2016 vesting date was Cdn $0.63.
- F4The restricted stock units vest in three equal installments on December 15, 2016, December 15, 2017 and December 15, 2018. Vested shares are paid out and delivered to the reporting person as of each vesting date.