Clevenger Jeffrey G 4
4 · Pershing Gold Corp. · Filed Apr 5, 2019
Insider Transaction Report
Form 4
Clevenger Jeffrey G
Director
Transactions
- Disposition to Issuer
Restricted Stock Units
2019-04-03−12,377→ 0 totalExercise: $0.00→ Common Stock (12,377 underlying)
Footnotes (4)
- [F1]This transaction reflects the disposition of the securities of the Issuer held by the reporting person pursuant to the Agreement and Plan of Merger dated September 28, 2018, as amended on March 1, 2019 (the "Merger Agreement"), by and among the Issuer, Americas Silver Corporation ("Americas Silver"), and R Merger Sub, Inc. The parties completed the merger (the "Merger") on April 3, 2019 (the "Closing Date"). On the Closing Date, the common shares of Americas Silver Corporation stock had a market value of $1.53 per share.
- [F2]12,377 restricted stock units granted April 29, 2018; all units vested on the Closing Date.
- [F3]Cancelled at the Closing Date and converted into the right to receive 0.715 of a common share of American Silver having a market value of $1.53 per share on the Closing Date for each share of the Issuer's common stock underlying such restricted stock unit.
- [F4]Each Restricted Stock Unit is convertible into one share of Issuer common stock upon events specified in the Restricted Stock Unit Grant Agreement with the reporting person. Restricted Stock Units have no expiration date.