PASS WILLIAM F 4
4 · U S GOLD CORP · Filed Oct 23, 2003
Insider Transaction Report
Form 4
U S GOLD CORPUSGL
PASS WILLIAM F
Vice Pres./Chief Fin. Officer
Transactions
- Sale
Common Stock
2003-10-21$0.95/sh−5,000$4,750→ 47,000 total - Sale
Common Stock
2003-10-23$0.95/sh−7,000$6,650→ 0 total - Exercise/Conversion
Stock Option (Rt to Buy)
2003-10-23$0.16/sh−50,000$8,000→ 173,378 totalExercise: $0.16From: 1999-07-21Exp: 2004-01-20→ Common Stock (50,000 underlying) - Other
Stock Option (Rt to Buy)
2003-10-23$0.75/sh−10,667$8,000→ 162,711 totalExercise: $0.16From: 1999-07-21Exp: 2004-01-20→ Common Stock (10,667 underlying) - Exercise/Conversion
Common Stock
2003-10-23$0.16/sh+50,000$8,000→ 50,000 total - Sale
Common Stock
2003-10-22$0.96/sh−40,000$38,560→ 7,000 total
Footnotes (1)
- [F1]The Reporting Person returned 10,667 options to purchase 10,667 shares of common stock to the Issuer which were cancelled by the Issuer under a cashless exercise to fund the purchase price of the 50,000 options exercised by the Reporting Person. The market value of the Issuer's common stock on October 23, 2003 was $0.91 per share, less the exercise price of the returned options of $0.16, resulting in an aggregate equity value of the 10,667 shares underlying the options of $0.75 per share.