McEwen Mining Inc. 4
4 · McEwen Mining Inc. · Filed Jul 23, 2014
Insider Transaction Report
Form 4
AMBROSE ALLEN V
Director
Transactions
- Conversion
Common Stock
2014-07-22+14,454→ 382,404 total - Conversion
Exchangeable Shares
2014-07-22−14,454→ 49,500 totalFrom: 2012-01-24→ Common Stock (14,454 underlying)
Footnotes (2)
- [F1]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.
- [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 McEwen Mining Inc. ("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 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.