SEC Form 4 · accession 0001179110-17-006214

McEwen Inc. · MUX

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chairman and CEO · Director · 10% Owner

Period of report

Apr 26, 2017

Accepted (ET)

Apr 27, 2017 · 3:58 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^F1	Apr 26, 2017	A	101,266	—	A	101,266	D
Common Stock^F1	Apr 26, 2017	A	352,800	—	A	352,800	I	by wife
Common Stock^F1	Apr 26, 2017	A	2,541,631	—	A	2,541,631	I	by corporation
Common Stock	holding	—	—		—	75,791,658	I	by corporation

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Subscription receipts^F3,F2	—	Apr 26, 2017	A	405,740	A	—	—	Common Stock	405,740	405,740	I

F1Pursuant to that certain Arrangement Agreement dated February 13, 2017 between McEwen Mining Inc. and Lexam VG Gold Inc. ("Arrangement Agreement"), each holder of Lexam VG Gold shares is entitled to receive 0.056 of a McEwen Mining share for each Lexam share owned immediately prior to the effective date of the Arrangement.
F2Pursuant to the Arrangement Agreement and the Plan of Arrangement approved by the Lexam shareholders and contemplated by the Arrangement Agreement ("Plan of Arrangement"), the subscription receipts shall automatically convert into (i) if the McEwen Mining shareholders approve the issuance of the McEwen shares at the annual meeting of shareholders, one share of McEwen Mining common stock for each subscription receipt; or (ii) if the shareholders of McEwen Mining fail to approve the issuance of the McEwen Mining shares, an amount in cash equal to the product of (a) the closing price of the McEwen Mining common stock on the NYSE on the last trading day prior to the date of the annual meeting and (b) the number of subscription receipts held by the reporting person.
F3Pursuant to the terms of the Arrangement Agreement and the Plan of Arrangement, one subscription receipt shall be issued to the reporting person for each McEwen Mining share in excess of one percent of the number of McEwen Mining shares outstanding immediately prior to the effective time of the Arrangement that the reporting person would be entitled to receive under the Plan of Arrangement.