RARE ELEMENT RESOURCES LTD 4
4 · RARE ELEMENT RESOURCES LTD · Filed Jan 6, 2014
Insider Transaction Report
Form 4
Anderson Myles Norman
Director
Transactions
- Exercise/Conversion
Common Stock
2014-01-02$0.58/sh+150,000$87,000→ 200,000 total - Tax Payment
Common Stock
2014-01-02$1.88/sh−70,029$131,655→ 129,971 total - Exercise/Conversion
Stock Option (right to buy)
2014-01-02−150,000→ 0 totalExercise: $0.58Exp: 2014-01-27→ Common Stock (150,000 underlying)
Footnotes (3)
- [F1]Expressed in Canadian dollars.
- [F2]Shares surrendered to the company to cover the option exercise price based on the closing price of the company's common stock on the Toronto Stock Exchange on January 2, 2014 of CDN$1.88 and tax withholding obligations of the reporting person.
- [F3]The option vested in five equal installments on each of May 27, 2009, September 27, 2010, January 1, 2010, April 27, 2010, and July 27, 2010.