SEC Form 4 · accession 0001104659-16-125123
MINES MANAGEMENT INC · MGN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Roy Franklin
Director
Period of report
May 31, 2016
Accepted (ET)
Jun 2, 2016 · 4:32 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000066649
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 31, 2016 | M | 25,000 | $0.20 | A | 193,238 | D | |
| Common Stock | May 31, 2016 | M | 25,000 | $0.20 | A | 218,238 | D | |
| Common Stock | May 31, 2016 | M | 40,000 | $0.57 | A | 258,238 | D | |
| Common Stock | May 31, 2016 | M | 60,000 | $0.57 | A | 318,238 | D | |
| Common Stock | May 31, 2016 | M | 25,000 | $0.54 | A | 343,238 | D | |
| Common Stock | May 31, 2016 | M | 25,000 | $0.54 | A | 368,238 | D | |
| Common Stock | May 31, 2016 | M | 60,000 | $0.28 | A | 428,238 | D | |
| Common Stock | Jan 11, 2016 | F | 126,628 | $0.875 | D | 301,610 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F1 | $0.20 | May 31, 2016 | M | 25,000 | D | — | Jul 18, 2017 | Common Stock | 25,000 | 0 | D |
| Stock Options (Right to Buy)F2 | $0.20 | May 31, 2016 | M | 25,000 | D | — | Feb 19, 2018 | Common Stock | 25,000 | 0 | D |
| Stock Options (Right to Buy)F3 | $0.57 | May 31, 2016 | M | 40,000 | D | — | Dec 31, 2018 | Common Stock | 40,000 | 0 | D |
| Stock Options (Right to Buy)F4 | $0.57 | May 31, 2016 | M | 60,000 | D | — | Jun 1, 2019 | Common Stock | 60,000 | 0 | D |
| Stock Options (Right to Buy)F5 | $0.54 | May 31, 2016 | M | 25,000 | D | — | Apr 1, 2020 | Common Stock | 25,000 | 0 | D |
| Stock Options (Right to Buy)F6 | $0.54 | May 31, 2016 | M | 25,000 | D | — | Feb 12, 2021 | Common Stock | 25,000 | 0 | D |
| Stock Options (Right to Buy)F7 | $0.28 | May 31, 2016 | M | 60,000 | D | — | Feb 12, 2021 | Common Stock | 60,000 | 0 | D |
Explanation of responses
- F1The option was granted on July 18, 2012 and vested 100% on July 18, 2012.
- F2The option was granted on February 19, 2013 and vested 100% on February 19, 2013.
- F3The option was granted on July 19, 2013 and vested 100% on December 31, 2013.
- F4The option was granted on July 19, 2013 and vested 100% on June 1, 2014.
- F5The option was granted on December 12, 2014 and vested 100% on April 1, 2015.
- F6The option was granted on December 12, 2014 and vested 100% on February 12, 2016.
- F7The option was granted on October 27, 2015 and vested 100% on February 12, 2016.