Home/Filings/4/0001193805-15-001610

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GRAT Holdings LLC 4

Accession 0001193805-15-001610

CIK 0001543418other

View on SEC.gov Company Profile

Filed

Sep 17, 8:00 PM ET

Accepted

Sep 18, 4:26 PM ET

Size

45.6 KB

Accession

0001193805-15-001610

Insider Transaction Report

Form 4

Period: 2015-09-16

NovaCopper Inc.NCQ

Electrum Group LLC

10% Owner

Transactions

Exercise/Conversion
Common Shares
2015-09-16+113,739→ 113,739 total
Exercise/Conversion
Deferred Shares Units
2015-09-16+113,739.556→ 0 total
→ Common Shares (113,739.556 underlying)

Holdings

Common Shares
(indirect: By Tigris Financial Group Ltd.)
10,000
Common Shares
(indirect: By Electrum Strategic Resources L.P.)
16,022,449
Common Shares
(indirect: By Electrum Global Holdings L.P.)
5,608,532
Deferred Shares Units
→ Common Shares (166 underlying)
166
Common Shares
(indirect: By LLC)
833,333

GRAT Holdings LLC

10% Owner

Transactions

Exercise/Conversion
Deferred Shares Units
2015-09-16+113,739.556→ 0 total
→ Common Shares (113,739.556 underlying)
Exercise/Conversion
Common Shares
2015-09-16+113,739→ 113,739 total

Holdings

Deferred Shares Units
→ Common Shares (166 underlying)
166
Common Shares
(indirect: By Tigris Financial Group Ltd.)
10,000
Common Shares
(indirect: By Electrum Strategic Resources L.P.)
16,022,449
Common Shares
(indirect: By Electrum Global Holdings L.P.)
5,608,532
Common Shares
(indirect: By LLC)
833,333

Electrum Strategic Resources LLC

10% Owner

Transactions

Exercise/Conversion
Common Shares
2015-09-16+113,739→ 113,739 total
Exercise/Conversion
Deferred Shares Units
2015-09-16+113,739.556→ 0 total
→ Common Shares (113,739.556 underlying)

Holdings

Common Shares
(indirect: By Electrum Global Holdings L.P.)
5,608,532
Common Shares
(indirect: By Tigris Financial Group Ltd.)
10,000
Common Shares
(indirect: By LLC)
833,333
Common Shares
(indirect: By Electrum Strategic Resources L.P.)
16,022,449
Deferred Shares Units
→ Common Shares (166 underlying)
166

ELECTRUM GLOBAL HOLDINGS L.P.

10% Owner

Transactions

Exercise/Conversion
Common Shares
2015-09-16+113,739→ 113,739 total
Exercise/Conversion
Deferred Shares Units
2015-09-16+113,739.556→ 0 total
→ Common Shares (113,739.556 underlying)

Holdings

Common Shares
(indirect: By Electrum Strategic Resources L.P.)
16,022,449
Common Shares
(indirect: By Electrum Global Holdings L.P.)
5,608,532
Common Shares
(indirect: By Tigris Financial Group Ltd.)
10,000
Common Shares
(indirect: By LLC)
833,333
Deferred Shares Units
→ Common Shares (166 underlying)
166

Leopard Holdings LLC

10% Owner

Transactions

Exercise/Conversion
Common Shares
2015-09-16+113,739→ 113,739 total
Exercise/Conversion
Deferred Shares Units
2015-09-16+113,739.556→ 0 total
→ Common Shares (113,739.556 underlying)

Holdings

Common Shares
(indirect: By Tigris Financial Group Ltd.)
10,000
Common Shares
(indirect: By LLC)
833,333
Common Shares
(indirect: By Electrum Global Holdings L.P.)
5,608,532
Common Shares
(indirect: By Electrum Strategic Resources L.P.)
16,022,449
Deferred Shares Units
→ Common Shares (166 underlying)
166

KAPLAN THOMAS SCOTT

Director

Transactions

Exercise/Conversion
Common Shares
2015-09-16+113,739→ 113,739 total
Exercise/Conversion
Deferred Shares Units
2015-09-16+113,739.556→ 0 total
→ Common Shares (113,739.556 underlying)

Holdings

Common Shares
(indirect: By Electrum Strategic Resources L.P.)
16,022,449
Deferred Shares Units
→ Common Shares (166 underlying)
166
Common Shares
(indirect: By Tigris Financial Group Ltd.)
10,000
Common Shares
(indirect: By LLC)
833,333
Common Shares
(indirect: By Electrum Global Holdings L.P.)
5,608,532

TEG Global GP Ltd.

10% Owner

Transactions

Exercise/Conversion
Common Shares
2015-09-16+113,739→ 113,739 total
Exercise/Conversion
Deferred Shares Units
2015-09-16+113,739.556→ 0 total
→ Common Shares (113,739.556 underlying)

Holdings

Common Shares
(indirect: By Tigris Financial Group Ltd.)
10,000
Common Shares
(indirect: By Electrum Global Holdings L.P.)
5,608,532
Common Shares
(indirect: By Electrum Strategic Resources L.P.)
16,022,449
Common Shares
(indirect: By LLC)
833,333
Deferred Shares Units
→ Common Shares (166 underlying)
166

Footnotes (5)

[F1]Dr. Kaplan is the sole shareholder of Tigris.
[F2]Global Holdings owns all of the limited partnership interests of Electrum Strategic Resources L.P. ("Electrum Strategic") and all of the equity interests of Electrum Strategic Management LLC, the general partner of Electrum Strategic. TEG Global GP Ltd. ("Global GP") is the sole general partner of, and The Electrum Group LLC ("TEG Services") is the investment adviser to, Global Holdings. Global GP is principally owned and controlled, indirectly, by GRAT Holdings LLC ("GRAT Holdings"). GRAT Holdings is owned by trusts for the benefit of family members of Dr. Kaplan.
[F3]In accordance with Instruction 4(b)(iv) to Form 4, the entire amount of the Issuer's securities held by Tigris, Global Holdings, GRAT Holdings and Electrum Strategic is reported herein. For purposes of Section 16 of the Securities Exchange Act of 1934, each reporting person disclaims beneficial ownership of any such securities, except to the extent of his/its indirect pecuniary interest therein, if any, and this report shall not be deemed an admission that such reporting person is the beneficial owner of such securities for purposes of Section 16 or otherwise.
[F4]Each Deferred Share Unit ("DSU") is the economic equivalent of one share of the Issuer's common stock. The DSUs vested immediately upon issuance; however, the issuer was not required to issue the underlying common shares to Dr. Kaplan until termination of his services as a director of the Issuer and his subsequent election to redeem the DSUs. As previously reported, Dr. Kaplan ceased to serve as a director of the Issuer on June 19, 2015. On September 16, 2015, Dr. Kaplan elected to convert his DSUs (on a one-for-one basis) into an aggregate of 113,739 of the Issuer's ordinary shares.
[F5]As previously reported in an Amendment to Form 3 filed by Thomas S. Kaplan on May 6, 2013, Dr. Kaplan holds 166 DSUs awarded to him by the Issuer on April 30, 2012, which vested immediately upon issuance. Dr. Kaplan will not have any voting or dispositive rights with respect to the common shares underlying such DSUs, until termination of the reporting person's service as a director of NovaGold Resources Inc. Such DSU grants will expire no later than 90 days after Dr. Kaplan's termination date.

Documents

2 files

Issuer

NovaCopper Inc.

CIK 0001543418

→

Entity typeother

IncorporatedNY

Related Parties

filerCIK 0001565707

Filing Metadata

Form type: 4
Filed: Sep 17, 8:00 PM ET
Accepted: Sep 18, 4:26 PM ET
Size: 45.6 KB

View on SEC.gov