SEC Form 4 · accession 0001209191-15-060795
Paramount Gold Nevada Corp. · PZG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Stewart Smith
Director
Period of report
Jun 30, 2015
Accepted (ET)
Jul 14, 2015 · 4:19 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001629210
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF1 | $1.53 | Jun 30, 2015 | A | 75,000 | A | — | Jun 29, 2020 | Common Stock | 75,000 | 75,000 | D |
Explanation of responses
- F1Stock option award vests and becomes exercisable as follows: 1/3 immediately, 1/3 on 06/30/2016 and the Company's share price closing above 35% of exercise price for ten days (The ten days do not have to be consecutive), 1/3 on 06/30/2017 and the Company's share price closing above 50% of exercise price for ten days (The ten days do not have to be consecutive).