SEC Form 4 · accession 0001140361-16-077396
VISTA GOLD CORP · VGZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frederick Hume Earnest
Officer — President and CEO · Director
Period of report
Aug 18, 2016
Accepted (ET)
Aug 22, 2016 · 2:50 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000783324
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | $0.00 | Aug 18, 2016 | A | 29,279 | A | — | Aug 18, 2017 | Common Shares | 29,279 | 29,279 | D |
| Restricted Stock UnitsF3,F2 | $0.00 | Aug 18, 2016 | A | 142,000 | A | — | Aug 18, 2019 | Common Shares | 142,000 | 142,000 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of VGZ common stock ("RSU"). Vesting of 100% of the RSUs will occur on 8/18/2017.
- F2Each restricted stock unit represents a contingent right to receive one share of VGZ common stock ("RSU"). Vesting of 40% of the RSUs will vest over a 36-month period (1/3 at 12 months, 1/3 at 24 months and 1/3 at 36 months), subject to the reporting person's continuing employment of the Issuer. Vesting of the remaining 60% of the RSUs will occur on 8/18/2018; vesting is contingent upon share price performance criteria for the Issuer's common shares during the 2-year vesting period.
- F3VESTING OF THE RSU GRANTS IS SUBJECT TO PERFORMANCE AND MARKET PRICE CRITERIA AND THE RSUs WILL NOT NECESSARILY VEST OR CONVERT INTO NON-DERIVATIVE SECURITIES TO BE BENEFICIALLY OWNED BY THE REPORTING PERSON.