PASS WILLIAM F 4
4 · U S GOLD CORP · Filed Nov 18, 2003
Insider Transaction Report
Form 4
U S GOLD CORPUSGL
PASS WILLIAM F
Vice Pres./Chief Fin. Officer
Transactions
- Sale
Common Stock
2003-11-17$0.86/sh−15,000$12,900→ 15,000 total - Sale
Common Stock
2003-11-18$0.87/sh−14,500$12,615→ 500 total - Exercise/Conversion
Common Stock
2003-11-18$0.16/sh+50,000$8,000→ 50,500 total - Exercise/Conversion
Stock Option (Rt to Buy)
2003-11-18$0.16/sh−50,000$8,000→ 187,711 totalExercise: $0.16From: 1999-07-21Exp: 2004-01-20→ Common Stock (50,000 underlying) - Other
Stock Option (Rt to Buy)
2003-11-18$0.72/sh−11,111$8,000→ 176,600 totalExercise: $0.16From: 1999-07-21Exp: 2004-01-20→ Common Stock (11,111 underlying)
Footnotes (1)
- [F1](1) The Reporting Person returned 11,111 options to purchase 11,111 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 November 18, 2003 was $0.88 per share, less the exercise price of the returned options of $0.16, resulting in an aggregate equity value of the 11,111 shares underlying the options of $0.72 per share.