SEC Form 4 · accession 0001140361-16-090743
Trilogy Metals Inc. · TMQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rick Van Nieuwenhuyse
Officer — President & CEO · Director
Period of report
Dec 23, 2016
Accepted (ET)
Dec 23, 2016 · 5:56 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, 2016 | M | 139,466 | $0.00 | A | 1,079,241 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F3 | — | Dec 23, 2016 | M | 69,733 | D | — | — | Common Stock | 69,733 | 596,934 | D |
| Restricted Stock UnitsF1,F3 | — | Dec 23, 2016 | M | 63,600 | D | — | — | Common Stock | 63,600 | 533,334 | D |
| Restricted Stock UnitsF2,F4 | — | Dec 23, 2016 | M | 69,733 | D | — | — | Common Stock | 69,733 | 463,601 | D |
| Restricted Stock UnitsF2,F4 | — | Dec 23, 2016 | M | 63,600 | D | — | — | Common Stock | 63,600 | 400,001 | D |
Explanation of responses
- F1Each 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.
- F2Each 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 23, 2016 vesting date was Cdn $0.64.
- F3The restricted stock units vest in three equal installments on December 15, 2016, December 15, 2017 and December 15, 2018.
- 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.