MCCULLOCH STUART C 4
4 · SILVERADO GOLD MINES LTD · Filed Jan 6, 2006
Insider Transaction Report
Form 4
MCCULLOCH STUART C
Director
Transactions
- Award
STOCK OPTIONS
2006-01-04+3,000,000→ 5,650,000 totalExercise: $0.05From: 2006-01-04Exp: 2013-01-04→ COMMON SHARES (3,000,000 underlying)
Footnotes (1)
- [F1]In addition to the option grants, the Issuer has: (a) reduced the exercise price of 500,000 previously outstanding stock options held by the Reporting Person from $0.13 per share to $0.05 per share for a term expiring January 4, 2008. (b) reduced the exercise price of 600,000 previously outstanding stock options held by the Reporting Person from $0.13 per share to $0.05 per share for a term expiring January 8, 2011. (c) reduced the exercise price of 1,500,000 previously outstanding stock options held by the Reporting Person from $0.10 per share to $0.05 per share for a term expiring July 8, 2011. (d) reduced the exercise price of 50,000 previously outstanding stock options held by the Reporting Person from $0.10 per share to $0.05 per share for a term expiring December 10, 2006.