SEC Form 4 · accession 0001140361-17-047664
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 27, 2017
Accepted (ET)
Dec 28, 2017 · 7:30 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 27, 2017 | M | 533,333 | $0.00 | A | 2,792,006 | 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,F4 | — | Dec 27, 2017 | M | 200,000 | D | — | — | Common Stock | 200,000 | 600,001 | D |
| Restricted Stock UnitsF1,F5 | — | Dec 27, 2017 | M | 66,666 | D | — | — | Common Stock | 66,666 | 533,335 | D |
| Restricted Stock UnitsF2,F6 | — | Dec 27, 2017 | M | 133,333 | D | — | — | Common Stock | 133,333 | 400,002 | D |
| Restricted Stock UnitsF3,F7 | — | Dec 27, 2017 | M | 133,334 | D | — | — | Common Stock | 133,334 | 266,668 | 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 7, 2017 vesting date was Cdn $0.96.
- 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 15, 2017 vesting date was Cdn $1.15.
- 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 23, 2017 vesting date was Cdn $1.35.
- F4The restricted stock units vest on December 7, 2017, or such later date as determined by the company.
- F5The restricted stock units vest in three equal installments on December 7, 2017, December 7, 2018 and December 7, 2019, or such later date as determined by the company.
- F6The restricted stock units vest in three equal installments on December 15, 2016, December 15, 2017 and December 15, 2018, or such later date as determined by the company.
- F7The restricted stock units vest in three equal installments on December 23, 2015, December 23, 2016 and December 23, 2017, or such later date as determined by the company.