AMBROSE ALLEN V 4/A
4/A · McEwen Mining Inc. · Filed Feb 8, 2012
Insider Transaction Report
Form 4/AAmended
AMBROSE ALLEN V
Director
Transactions
- Sale
Exchangeable Shares
2012-02-01$5.66/sh−71,200$402,992→ 58,140 total→ Common Stock (71,200 underlying)
Footnotes (3)
- [F1]The exchangeable shares are convertible into common stock of McEwen Mining Inc. (the "Company") on a one-for-one basis at any time.
- [F2]Exchangeable Shares may be converted into Common Stock (i) upon certain changes in Canadian tax law, (ii) upon a liquidation, dissolution or winding up of McEwen Mining-Minera Andes Acquisition Corp. ("Exchangeco"), or (iii) upon a liquidation of the Company. Exchangeco may accelerate redemption in the event that: (A) fewer than 5% of the Exchangeable Shares are outstanding; (B)(1) the Company undergoes a change of control or a change of control is approved, (2) the shareholders of the Company approve a liquidation of the Company or (3) the Company disposes of substantially all of its assets and it is not reasonably practicable to substantially replicate the Exchangeable Shares; or (C) certain voting events are proposed that affect the substantial equivalence of Exchangeable Shares and Common Stock.
- [F3]This Amendment is being filed to delete the sale of 57 exchangeable shares erroneously reported in the subject report.