4//SEC Filing
Morris Brian W. 4
Accession 0001140361-18-033718
CIK 0001311605other
Filed
Jul 25, 8:00 PM ET
Accepted
Jul 26, 8:07 PM ET
Size
13.0 KB
Accession
0001140361-18-033718
Insider Transaction Report
Form 4
Morris Brian W.
Vice President, Exploration
Transactions
- Disposition to Issuer
Performance-Based Restricted Share Units ("PSUs")
2018-07-20−37,000→ 0 total→ Common Shares (37,000 underlying) - Disposition to Issuer
Restricted Share Units ("RSUs")
2018-07-20−46,409→ 0 total→ Common Shares (46,409 underlying) - Disposition to Issuer
Employee Stock Options
2018-07-20−337,000→ 0 total→ Common Shares (337,000 underlying) - Disposition to Issuer
Common Shares
2018-07-20−38,570→ 0 total
Footnotes (4)
- [F1]The common shares were disposed of upon completion of a statutory plan of arrangement under the Business Corporations Act (British Columbia) (the "Arrangement") and pursuant to an arrangement agreement dated March 16, 2018, by and among the Issuer, Hecla Mining Company ("Hecla") and 1156291 B.C. Unlimited Liability Company, a wholly-owned subsidiary of Hecla, in exchange for $32,441.23 in cash, 15,952 common shares of Hecla, having a market value of $3.220 per share on the effective date of the Arrangement (the "Effective Date"), and 4,821 common shares of Havilah Mining Corporation, a subsidiary of Hecla ("Havilah"), having a market value of $0.46 per share on the first date of trading.
- [F2]Immediately prior to the Effective Date, the outstanding "in-the-money" options were converted into common shares of the Issuer, which were then disposed of pursuant to the Arrangement for $283,450.70 in cash, 139,383 common shares of Hecla, having a market value of $3.220 per share on the Effective Date, and 41,125 common shares of Havilah, having a market value of $0.46 per share on the first date of trading.
- [F3]Each RSU represented a contingent right to receive the economic equivalent of one common share of the Issuer. Immediately prior to the Effective Date, the RSUs were converted into common shares of the Issuer, which were then disposed of pursuant to the Arrangement in exchange for $39,034.61 in cash, 19,194 common shares of Hecla, having a market value of $3.220 per share on the Effective Date, and 5,801 common shares of Havilah, having a market value of $0.46 per share on the first date of trading.
- [F4]Each PSU represented a contingent right to receive the economic equivalent of one common share of the Issuer. The PSUs were subject to performance criteria to be determined by the compensation committee of the board of directors of the Issuer. Pursuant to the Arrangement, and following determination that the performance criteria had been satisfied, the PSUs were cancelled in exchange for a cash payment of $2.25 per PSU.
Documents
Issuer
Klondex Mines Unlimited Liability Co
CIK 0001311605
Entity typeother
Related Parties
1- filerCIK 0001692273
Filing Metadata
- Form type
- 4
- Filed
- Jul 25, 8:00 PM ET
- Accepted
- Jul 26, 8:07 PM ET
- Size
- 13.0 KB