Burmeister Norman William 4
4 · RARE ELEMENT RESOURCES LTD · Filed Dec 26, 2012
Insider Transaction Report
Form 4
Burmeister Norman William
Director
Transactions
- Exercise/Conversion
Common Shares
2012-12-20−150,000→ 0 totalExercise: $0.59Exp: 2014-04-13→ Common Shares (150,000 underlying) - Award
Stock Option (Right to Buy)
2012-12-20+10,000→ 10,000 totalExercise: $3.61Exp: 2017-12-20→ Common Shares (10,000 underlying) - Exercise/Conversion
Common Shares
2012-12-20$0.59/sh+150,000$88,500→ 391,231 total - Tax Payment
Common Shares
2012-12-20$3.61/sh−24,376$87,997→ 366,855 total
Footnotes (3)
- [F1]The exercise price of this stock option grant was $CDN 0.58. However, the price is expressed as $USD $0.59, using the conversion rate: $CDN 1.01146 to $USD 1.00 on December 20, 2012.
- [F2]This Stock Option Grant vested pursuant to the terms of the grant and became fully exercisable on October 13, 2010.
- [F3]The option vests as follows: 20% on 04/20/2013; 20% on 08/20/2013; 20% on 12/20/2013; 20% on 03/20/2014 and 20% on 06/20/2014.