SEC Form 4 · accession 0001123292-15-000075
WESTWATER RESOURCES, INC. · WWR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dain A McCoig
Officer — Vice President
Period of report
Jan 2, 2015
Accepted (ET)
Jan 6, 2015 · 6:23 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 | Jan 2, 2015 | M | 7,161 | — | A | 13,897 | D | |
| Common StockF2 | Jan 2, 2015 | F | 2,338 | $1.92 | D | 11,559 | 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,F3 | — | Jan 2, 2015 | M | 7,161 | D | — | — | Common Stock | 7,161 | 57,290 | 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.
- F2Shares withheld to cover taxes upon vesting of restricted stock units. No shares were sold.
- F3On June 4, 2014, Mr. McCoig was granted 64,451 restricted stock units, vesting in three installments. 7,161 shares vest on January 2, 2015, 7,161 shares vest on January 2, 2016 and 7,162 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 14,322 shares vesting based on 2014 performance, 14,322 shares based on 2015 performance and 14,323 shares based on 2016 performance. Shares will be delivered to Mr. McCoig following vesting.