McKelvey Gregory Ellis 4
4 · RARE ELEMENT RESOURCES LTD · Filed Jul 6, 2011
Insider Transaction Report
Form 4
McKelvey Gregory Ellis
Director
Transactions
- Exercise/Conversion
Common Shares
2011-07-04$2.82/sh+20,000$56,396→ 193,600 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
2011-07-04−20,000→ 20,000 totalExercise: $2.71Exp: 2015-05-28→ Common Stock (20,000 underlying)
Footnotes (2)
- [F1]Exercise price is reflected in Canadian dollars.
- [F2]The original grant was for 50,000 options, which vest as follows: 20% of the option vest 4 months from May 28, 2010 (the "Grant Date"); 20% of the options vest 8 months from the Grant Date; 20% of the options vest 12 months from the Grant Date; 20% of the options vest 15 months from the Grant Date; 20% of the options vest 18 months from the Grant Date.