SEC Form 4 · accession 0001209191-18-008019
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
Feb 5, 2018
Accepted (ET)
Feb 6, 2018 · 7:52 pm EST
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 | $1.40 | Feb 5, 2018 | A | 20,000 | A | — | Feb 4, 2023 | Common Stock | 20,000 | 95,000 | D |
Explanation of responses
- F1Stock options vest and become exercisable when one of the following conditions have been met: 1)The issuance of mining permits for the Grassy Mountain Project by the State of Oregon; or 2) The Company entering into a transformative transaction on its Grassy Mountain or Sleeper projects as determined by the Board of Directors; or 3) The Company's share price closing above $3.00 per share for 10 consecutive days.