SEC Form 4 · accession 0001567619-18-007527
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 5, 2018
Accepted (ET)
Dec 7, 2018 · 7:08 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 SharesF1 | Dec 5, 2018 | A | 75,000 | $0.00 | A | 748,127 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Options (Right to Buy)F2 | $2.20 | Dec 5, 2018 | A | 300,000 | A | Dec 5, 2018 | Dec 4, 2023 | Common Stock | 300,000 | 300,000 | D |
Explanation of responses
- F1Grant of restricted stock units. Each restricted stock unit represents a contingent right to receive one share of TMQ common stock. The restricted stock units vest as follows: 50% on 12/5/2018 and 50% on 12/5/2019.
- F2The exercise price reported above was converted from the Canadian exercise price of C$2.94 using an exchange rate of C$1.3353=US$1.00. The options vest as follows: 1/3 on 12/5/2018; 1/3 on 12/5/2019; and 1/3 on 12/5/2020.