4//SEC Filing
Doolin Michael B. Jr. 4
Accession 0001140361-18-034101
CIK 0001311605other
Filed
Jul 29, 8:00 PM ET
Accepted
Jul 30, 1:45 PM ET
Size
13.1 KB
Accession
0001140361-18-034101
Insider Transaction Report
Form 4
Transactions
- Disposition to Issuer
Employee Stock Options
2018-07-20−248,000→ 0 total→ Common Shares (248,000 underlying) - Disposition to Issuer
Common Shares
2018-07-20−103,682→ 0 total - Disposition to Issuer
Restricted Share Units ("RSUs")
2018-07-20−68,258→ 0 total→ Common Shares (68,258 underlying) - Disposition to Issuer
Performance-Based Restricted Share Units ("PSUs")
2018-07-20−64,168→ 0 total→ Common Shares (64,168 underlying)
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 $87,206.93 in cash and 42,882 common shares of Hecla, having a market value of $3.220 per share on the effective date of the Arrangement (the "Effective Date"), Date"), and 12,960 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 $208,592.80 in cash, 102,572 common shares of Hecla, having a market value of $3.220 per share on the Effective Date, and 12,960 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 $57,411.80 in cash, 28,231 common shares of Hecla, having a market value of $3.220 per share on the Effective Date, and 8,532 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 0001692267
Filing Metadata
- Form type
- 4
- Filed
- Jul 29, 8:00 PM ET
- Accepted
- Jul 30, 1:45 PM ET
- Size
- 13.1 KB