4//SEC Filing
Clay Jonathan C. 4
Accession 0000947871-18-000363
CIK 0001025362other
Filed
Apr 29, 8:00 PM ET
Accepted
Apr 30, 5:24 PM ET
Size
20.2 KB
Accession
0000947871-18-000363
Insider Transaction Report
Form 4
Clay Jonathan C.
10% Owner
Transactions
- Exercise of In-Money
Common Stock
2018-02-22$0.13/sh+2,601,727$344,729→ 3,683,413 total - Exercise of In-Money
Common Stock
2018-02-22$0.13/sh+19,597,491$2,596,668→ 26,855,821 total(indirect: By family investment vehicle) - Exercise of In-Money
Common Stock
2018-02-22$0.13/sh+135,000$17,888→ 185,000 total(indirect: See Footnote) - Exercise of In-Money
Subscription Rights
2018-02-22−1,081,686→ 0 totalExercise: $0.13From: 2018-01-11Exp: 2018-02-20→ Common Stock (1,838,866 underlying) - Exercise of In-Money
Subscription Rights
2018-02-22−7,258,330→ 0 total(indirect: By family investment vehicle)Exercise: $0.13From: 2018-01-11Exp: 2018-02-20→ Common Stock (12,339,161 underlying) - Exercise of In-Money
Subscription Rights
2018-02-22−50,000→ 0 total(indirect: See Footnote)Exercise: $0.13From: 2018-01-11Exp: 2018-02-20→ Common Stock (85,000 underlying)
Holdings
- 807,250(indirect: See Footnote)
Common Stock
Footnotes (8)
- [F1]In November 2017, Golden Queen Mining Co. Ltd (the "Issuer") announced the commencement of a pro rata offering (the "Rights Offering") of transferable rights (the "Rights") to holders of the Issuer's common stock, as of the record date of December 1, 2017 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 188,952,761 of the Issuer's common stock. Record Date Shareholders received one Right for each share of outstanding common stock held on the record date. The Rights entitled their holders to purchase 1.7 new shares of common stock for every Right held. The subscription price per share was $0.1325 (the "basic subscription privilege").
- [F2]The Rights Offering also included an oversubscription privilege, which entitled holders who fully exercised their basic subscription privilege the right to purchase, at a price of $0.1325 per share, additional shares of the Issuer, subject to availability and pro rata allocation of shares among Record Date Shareholders exercising such oversubscription privilege. The Rights were exercisable until February 20, 2018 at 5:00 p.m. Toronto time. Following the conclusion of the Rights Offering, share of common stock that were not purchased by other Record Date Shareholders were allocated pro rata among Rights holders exercising their oversubscription privilege based on the number of shares of common stock of the Issuer each of those Rights holders owned on the record date.
- [F3]Represents 1,838,866 shares of common stock of the Issuer acquired upon the exercise of the basic subscription privilege and 762,861 shares of common stock of the Issuer acquired upon the exercise of the oversubscription privilege.
- [F4]Represents 12,339,161 shares of common stock of the Issuer acquired upon the exercise of the basic subscription privilege and 7,258,330 shares of common stock of the Issuer acquired upon the exercise of the oversubscription privilege.
- [F5]Represents 85,000 shares of common stock of the Issuer acquired upon the exercise of the basic subscription privilege and 50,000 shares of common stock of the Issuer acquired upon the exercise of the oversubscription privilege.
- [F6]Represents shares of common stock owned by EHT, LLC ("EHT"). The reporting person is the sole managing member of EHT.
- [F7]Represents shares of common stock owned by 933 Milledge, LLC ("Milledge"). The reporting person is the sole managing member of Milledge.
- [F8]Represents shares of common stock owned by Arctic Coast Petroleums, Ltd. ("Arctic Coast"). Arctic Coast is owned 47.5% by Milledge and 2.5% by the reporting person. The reporting person disclaims beneficial ownership of 50% of Arctic Coast's holdings of the Issuer's common stock not attributable to Milledge or to the reporting person.
Documents
Issuer
GOLDEN QUEEN MINING CO LTD
CIK 0001025362
Entity typeother
Related Parties
1- filerCIK 0001507940
Filing Metadata
- Form type
- 4
- Filed
- Apr 29, 8:00 PM ET
- Accepted
- Apr 30, 5:24 PM ET
- Size
- 20.2 KB