SEC Form 4 · accession 0001179110-16-028569
McEwen Inc. · MUX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nathan Stubina
Officer — Managing Director
Period of report
Aug 10, 2016
Accepted (ET)
Aug 11, 2016 · 1:03 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000314203
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Aug 10, 2016 | M | 70,000 | $2.90 | A | 97,000 | D | |
| Common StockF1 | Aug 10, 2016 | S$0 | 70,000 | — | D | 27,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F2 | $2.90 | Aug 10, 2016 | M | 70,000 | D | — | Aug 11, 2019 | Common Stock | 70,000 | 140,000 | D |
Explanation of responses
- F1The shares were disposed of for Cdn $5.74 per share, which is a weighted average price. These shares were sold in multiple transactions at prices ranging from Cdn $5.71 to Cdn $5.79, inclusive. The reporting person undertakes to provide McEwen Mining Inc., any security holder of McEwen Mining Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (1) to this Form 4.
- F2The option vests in three equal annual installments beginning August 11, 2015.