SEC Form 4 · accession 0001123292-15-000071
WESTWATER RESOURCES, INC. · WWR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher Murrel Jones
Officer — President and CEO · Director
Period of report
Jan 2, 2015
Accepted (ET)
Jan 6, 2015 · 6:17 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000839470
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jan 2, 2015 | M | 46,353 | — | A | 116,116 | D | |
| Common StockF3,F2 | Jan 2, 2015 | F | 17,266 | $1.92 | D | 98,850 | D |
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,F4 | — | Jan 2, 2015 | M | 33,333 | D | — | — | Common Stock | 33,333 | 33,334 | D |
| Restricted Stock UnitsF1,F5 | — | Jan 2, 2015 | M | 13,020 | D | — | — | Common Stock | 13,020 | 104,163 | D |
Explanation of responses
- F1Each restricted stock unit represents the right to receive, at settlement, one share of common stock. This transaction represents the settlement of restricted stock units in shares of common stock on their scheduled vesting date.
- F2Includes 16,668 shares of restricted common stock.
- F3Shares withheld to cover taxes upon vesting of restricted stock units. No shares were sold.
- F4On June 4, 2013, Mr. Jones was granted 100,000 restricted stock units, vesting in three installments: 33,333 on January 2, 2014; 33,333 on January 2, 2015; and 33,334 on January 2, 2016. Shares will be delivered to Mr. Jones following vesting.
- F5On June 4, 2014, Mr. Jones was granted 117,183 restricted stock units, vesting in three installments. 13,020 shares vest on January 2, 2015, 13,020 shares vest on January 2, 2016 and 13,021 shares vest on January 2, 2017, subject to continued employment with the Company. The remaining shares vest subject to the achievement of annual performance objectives, with 26,040 shares vesting based on 2014 performance, 26,041 shares based on 2015 performance and 26,041 shares based on 2016 performance. Shares will be delivered to Mr. Jones following vesting.