SEC Form 4 · accession 0001140361-18-013072
VISTA GOLD CORP · VGZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John W. Rozelle
Officer — Senior Vice President
Period of report
Mar 9, 2018
Accepted (ET)
Mar 12, 2018 · 5:00 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000783324
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1 | Mar 9, 2018 | A | 19,200 | $0.00 | A | 324,462 | D | |
| Common Shares | Mar 9, 2018 | F | 8,496 | $0.75 | D | 315,966 | 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 | $0.75 | Mar 9, 2018 | A | 50,000 | A | — | Mar 9, 2023 | Common Shares | 50,000 | 50,000 | D |
| Restricted Stock UnitsF3 | $0.00 | Mar 9, 2018 | A | 35,000 | A | Mar 9, 2019 | Mar 9, 2019 | Common Shares | 35,000 | 35,000 | D |
Explanation of responses
- F1On March 5, 2017, the reporting person was granted performance-based restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of VGZ common stock. The established performance criteria was determined to have been met for the RSUs reported above on March 9, 2018.
- F2The options vest as follows: 16,666 on 3/9/2018; 16,666 on 3/9/2019; and 16,667 on 3/9/2020.
- F3Each restricted stock unit represents a contingent right to receive one share of VGZ common stock ("RSU"). Vesting of the RSUs will occur on 3/9/2019, subject to the reporting person's continuing employment with the Issuer. VESTING OF THE RSU GRANTS IS ALSO 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.