4//SEC Filing
FUCHTER WILLEM ANTON HENDRIK 4
Accession 0001117768-09-000124
CIK 0001168938other
Filed
Apr 15, 8:00 PM ET
Accepted
Apr 16, 7:11 PM ET
Size
11.5 KB
Accession
0001117768-09-000124
Insider Transaction Report
Form 4
FUCHTER WILLEM ANTON HENDRIK
DirectorPres., CEO & Princ. Exec. Off.
Transactions
- Other
Common Stock
2009-04-10$0.40/sh+575,000$230,000→ 950,000 total(indirect: By Company) - Other
Common Stock
2009-04-10$0.40/sh+100,000$40,000→ 1,050,000 total(indirect: By Company)
Holdings
- 1,200,000
Option to Buy
Exercise: $1.00From: 2008-08-04Exp: 2018-02-04→ Common Stock (1,200,000 underlying)
Footnotes (4)
- [F1]Pursuant to the Assignment Agreement, dated December 12, 2007, between Proyectos Mineros S.A. (formerly Recuros Maricunga S.A.) ("PMSA"), a company incorporated in Argentina, of which the Reporting Person is President, Director and a 50% shareholder, and Consitution Mining Corp. ("CMIN") (the "Assignment Agreement"), CMIN acquired PMSA's right to explore and option to purchase certain mining properties in Argentina in exchange for certain consideration, including shares of CMIN. The Assignment Agreement was filed as Exhibit 10.1 to CMIN's Current Report on Form 8-K, dated as of December 12, 2007, and is incorporated herein by reference.
- [F2]PMSA assigned its right to receive 575,000 of the 2,000,000 CMIN shares that were to be issued on March 15, 2009, pursuant to the Assignment Agreement to Hieronymus Management Services Ltd. ("HMS"), a services company, of which the Reporting Person is a 50% shareholder and the Reporting Person's spouse is also a 50% shareholder. PMSA assigned its right to receive the remaining 1,425,000 CMIN shares that were to be issued on March 15, 2009, to other individuals and organizations. The March 15, 2009 payment of 2,000,000 CMIN shares was subsequently deferred until April 10, 2009. The price reported above represents the closing price of CMIN shares on April 13, 2009, the first trading day following the authorization of payment. The Reporting Person disclaims beneficial ownership of the shares of CMIN owned by HMS.
- [F3]Pursuant to the Assignment Agreement, dated January 8, 2008, between PMSA and CMIN (the "Agreement"), CMIN acquired PMSA's right to explore and option to purchase certain mining properties in Argentina in exchange for certain consideration, icluding shares of CMIN. The Agreement was filed s Exhibit 10.1 to CMIN's Current Report on Form 8-K, dated January 8, 2008, and is incorporated herein by reference. PMSA assigned its right to receive 100,000 of the 300,000 CMIN shares that were to be issued on January 8, 2009, pursuant to the Agreement to HMS. PMSA assigned its right to receive the remaining 200,000 CMIN shares that were to be issued on January 8, 2009, to other individuals and organizations. The January 8, 2009 payment of 300,000 CMIN shares was subsequently deferred until April 10, 2009. The price reported above represents the closing price of CMIN shares on April 13, 2009. The Reporting Person disclaims beneficial ownership of the shares of CMIN owned by HMS.
- [F4]Pursuant to the Issuer's Stock Incentive Plan, the Issuer granted the Reporting Person a vesting option to acaquire 1,200,000 shares of common stock at an exercise price of $1.00 per share; one-half (that is, with respect to 600,000 shares) vested on April 4, 2008 and the remaining half (with respect to the remaining 600,000 shares) vested on February 4, 2009.
Documents
Issuer
CONSTITUTION MINING CORP
CIK 0001168938
Entity typeother
Related Parties
1- filerCIK 0001425937
Filing Metadata
- Form type
- 4
- Filed
- Apr 15, 8:00 PM ET
- Accepted
- Apr 16, 7:11 PM ET
- Size
- 11.5 KB