GOLDEN STAR RESOURCES LTD 4
4 · GOLDEN STAR RESOURCES LTD · Filed Mar 13, 2012
Insider Transaction Report
Form 4
ASKEW JAMES E
Director
Transactions
- Exercise/Conversion
Common Shares
2012-03-12$1.17/sh+40,000$46,800→ 295,000 total(indirect: By Trust) - Exercise/Conversion
Common Share Options (Right to Buy)
2012-03-12−40,000→ 280,000 totalExercise: $1.17From: 2002-01-30Exp: 2012-01-30→ Common Shares (40,000 underlying)
Footnotes (4)
- [F1]5,000 Common Shares were previously purchased by Mr. Askew in 1999 at CD$1.05 (the US$ equivalent is US$0.72) and have not been previously reported; the shares are held directly by Mr. Askew
- [F2]The exercise price is CD$1.16; this amount is the US$ equivalent (CD$1.00=US$1.0065) on the exercise date.
- [F3]Shares issued upon exercise of optons were transferred to International Mining and Finance Corporation, which is wholly owned by Mr. Askew. Of the 295,000 total securities beneficially owned, 105,000 are held directly by Mr. Askew and 190,000 are held indirectly by International Mining and Finance Corporation.
- [F4]The options expired during a blackout period; however since the Corporation was in a blackout period, the expiration was extended by ten business days after the blackout was lifted (February 27, 2012).