SEC Form 4 · accession 0001179110-16-033126
McEwen Inc. · MUX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard W. Brissenden
Director
Period of report
Dec 14, 2016
Accepted (ET)
Dec 16, 2016 · 5:01 pm EST
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 | Dec 14, 2016 | M | 25,000 | $1.02 | A | 35,000 | D | |
| Common StockF1 | Dec 14, 2016 | S$0 | 10,000 | — | D | 25,000 | D | |
| Common StockF2 | Dec 15, 2016 | S$0 | 5,000 | — | D | 20,000 | 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)F3 | $1.02 | Dec 14, 2016 | M | 25,000 | D | — | Nov 26, 2020 | Common Stock | 75,000 | 50,000 | D |
Explanation of responses
- F1The shares were sold for a price of Cdn $4.01 per share.
- F2The shares were sold for a price of Cdn $3.66 per share.
- F3One-third of the option vested on November 27, 2016; the remainder vests one-half on November 27, 2017 and one-half on November 27, 2018.