McKelvey Gregory Ellis 4
4 · RARE ELEMENT RESOURCES LTD · Filed Apr 19, 2012
Insider Transaction Report
Form 4
McKelvey Gregory Ellis
Director
Transactions
- Exercise/Conversion
Employee Share Option (Right to Buy)
2012-04-18−20,000→ 0 totalExercise: $2.72From: 2010-05-28Exp: 2015-05-28→ Common Shares (20,000 underlying) - Exercise/Conversion
Common Shares
2012-04-18$2.72/sh+20,000$54,400→ 212,600 total - Sale
Common Shares
2012-04-19$5.39/sh−24,000$129,360→ 188,600 total
Footnotes (3)
- [F1]The original exercise price of the grant was CDN$2.71. The exercise price has been converted using the exchange rate on the date of the transaction, which was 1.00425.
- [F2]This transaction was executed in multiple trades at prices ranging from $5.31 to 5.47. The price reported above is the weighted average sale price of such trades. The reporting person hereby undertakes to provide to the SEC staff, the issuer or a security holder of the issuer upon request, full information regarding the number of shares and the prices at which each transaction was effected.
- [F3]Options vested as follows: 20% of the options vested 4 months from 5/28/2010 ("Grant Date"); 20% of the options vested 8 months from the Grant Date; 20% of the options vested 12 months from the Grant Date; 20% of the options vested 15 months from the Grant Date; and 20% of the options vested 18 months from the Grant Date.