PASS WILLIAM F 4
4 · U S GOLD CORP · Filed Dec 1, 2003
Insider Transaction Report
Form 4
U S GOLD CORPUSGL
PASS WILLIAM F
Vice Pres./Chief Fin. Officer
Transactions
- Exercise/Conversion
Common Stock
2003-11-28$0.16/sh+82,326$13,172→ 132,826 total - Exercise/Conversion
Stock Option (Rt to Buy)
2003-11-28$0.16/sh−82,326$13,172→ 95,185 totalExercise: $0.16From: 1999-07-21Exp: 2004-01-20→ Common Stock (82,326 underlying) - Other
Stock Option (Rt to Buy)
2003-11-28$0.65/sh−20,185$13,120→ 75,000 totalExercise: $0.16From: 1999-07-21Exp: 2004-01-20→ Common Stock (20,185 underlying)
Footnotes (1)
- [F1]The Reporting Person returned 20,185 options to purchase 20,185 shares of common stock to the Issuer which were cancelled by the Issuer under a cashless exercise to fund the purchase price of the 82,326 options exercised by the Reporting Person. The market value of the Issuer's common stock on November 28, 2003 was $0.81 per share, less the exercise price of the returned options of $0.16, resulting in an aggregate equity value of the 20,185 shares underlying the options of $0.65 per share.