McEwen Mining Inc. 4
4 · McEwen Mining Inc. · Filed Apr 27, 2017
Insider Transaction Report
Form 4
McEwen Robert Ross
DirectorChairman and CEO10% Owner
Transactions
- Award
Subscription receipts
2017-04-26+405,740→ 405,740 total(indirect: by corporation)→ Common Stock (405,740 underlying) - Award
Common Stock
2017-04-26+101,266→ 101,266 total - Award
Common Stock
2017-04-26+352,800→ 352,800 total(indirect: By Spouse) - Award
Common Stock
2017-04-26+2,541,631→ 2,541,631 total(indirect: by corporation)
Holdings
- 75,791,658(indirect: by corporation)
Common Stock
Footnotes (3)
- [F1]Pursuant to that certain Arrangement Agreement dated February 13, 2017 between McEwen Mining Inc. and Lexam VG Gold Inc. ("Arrangement Agreement"), each holder of Lexam VG Gold shares is entitled to receive 0.056 of a McEwen Mining share for each Lexam share owned immediately prior to the effective date of the Arrangement.
- [F2]Pursuant to the Arrangement Agreement and the Plan of Arrangement approved by the Lexam shareholders and contemplated by the Arrangement Agreement ("Plan of Arrangement"), the subscription receipts shall automatically convert into (i) if the McEwen Mining shareholders approve the issuance of the McEwen shares at the annual meeting of shareholders, one share of McEwen Mining common stock for each subscription receipt; or (ii) if the shareholders of McEwen Mining fail to approve the issuance of the McEwen Mining shares, an amount in cash equal to the product of (a) the closing price of the McEwen Mining common stock on the NYSE on the last trading day prior to the date of the annual meeting and (b) the number of subscription receipts held by the reporting person.
- [F3]Pursuant to the terms of the Arrangement Agreement and the Plan of Arrangement, one subscription receipt shall be issued to the reporting person for each McEwen Mining share in excess of one percent of the number of McEwen Mining shares outstanding immediately prior to the effective time of the Arrangement that the reporting person would be entitled to receive under the Plan of Arrangement.