4//SEC Filing
AMBROSE ALLEN V 4
Accession 0001104659-12-082138
CIK 0000314203other
Filed
Dec 4, 7:00 PM ET
Accepted
Dec 5, 4:48 PM ET
Size
16.9 KB
Accession
0001104659-12-082138
Insider Transaction Report
Form 4
AMBROSE ALLEN V
Director
Transactions
- Exercise of In-Money
Subscription Rights (Right to Buy)
2012-12-03−13,140→ 45,000 totalFrom: 2012-11-09Exp: 2012-12-04→ Exchangeable Shares (1,314 underlying) - Exercise of In-Money
Subscription Rights (Right to Buy)
2012-12-04−45,000→ 0 totalFrom: 2012-11-09Exp: 2012-12-04→ Exchangeable Shares (4,500 underlying) - Exercise of In-Money
Subscription Rights (Right to Buy)
2012-12-04−334,500→ 0 totalFrom: 2012-11-09Exp: 2012-12-04→ Common Stock (33,450 underlying) - Exercise of In-Money
Common Stock
2012-12-04$2.25/sh+33,450$75,263→ 367,950 total - Exercise of In-Money
Exchangeable Shares
2012-12-03+1,314→ 59,454 total→ Common Stock (1,314 underlying) - Exercise of In-Money
Exchangeable Shares
2012-12-04+4,500→ 63,954 total→ Common Stock (4,500 underlying)
Footnotes (4)
- [F1]For every ten (10) McEwen Mining-Minera Andes Acquisition Corp. ("Canadian Exchangeco") Subscription Rights held, such holder is entitled to purchase one (1) Exchangeable Share at a price equal to CDN$2.24 per whole share of Canadian Exchangeco ("Exchangeable Share").
- [F2]Exchangeable Shares are exchangeable on a one-for-one basis for Common Stock at any time at the option of the holder and are intended to have, to the extent practicable, the same economic, voting and other rights as the Common Stock.
- [F3]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 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.
- [F4]The holder has the right to purchase one share of common stock at a price of $2.25 for each ten (10) subscription rights held.
Documents
Issuer
McEwen Mining Inc.
CIK 0000314203
Entity typeother
Related Parties
1- filerCIK 0001228611
Filing Metadata
- Form type
- 4
- Filed
- Dec 4, 7:00 PM ET
- Accepted
- Dec 5, 4:48 PM ET
- Size
- 16.9 KB