SEC Form 4 · accession 0001140361-17-045738
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 7, 2017
Accepted (ET)
Dec 11, 2017 · 5:21 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 | $0.7864 | Dec 7, 2017 | A | 600,000 | A | — | Dec 6, 2022 | Common Stock | 600,000 | 600,000 | D |
| Restricted Stock UnitsF3,F4 | — | Dec 7, 2017 | A | 200,000 | A | — | — | Common Stock | 200,000 | 600,001 | D |
| Restricted Stock UnitsF3,F5 | — | Dec 7, 2017 | A | 200,000 | A | — | — | Common Stock | 200,000 | 800,001 | D |
Explanation of responses
- F1These shares can be exercised at a price of CAD$1.01 per share. For reporting purposes, the exercise price has been converted to US dollars based on the exchange rate reported by the Bank of Canada for the date of grant, which was US$1 = CAD$1.2843.
- F2The stock options vest in three equal installments on December 15, 2016, December 15, 2017 and December 15, 2018.
- 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 7, 2017 vesting date was Cdn $0.96.
- F4The restricted stock units vest on December 7, 2017.
- F5The restricted stock units vest in three equal installments on December 7, 2017, December 7, 2018 and December 7, 2019.