McConnell Gerald James 4
4 · NOVAGOLD RESOURCES INC · Filed Dec 1, 2017
Insider Transaction Report
Form 4
McConnell Gerald R.
Director
Transactions
- Award
Stock Option (Right to Buy)
2017-12-01+104,400→ 104,400 totalExercise: $3.88Exp: 2022-11-30→ Common Shares (104,400 underlying) - Award
Common Shares
2017-12-01+2,249→ 108,128 total
Footnotes (3)
- [F1]Grant of Deferred Share Units (DSUs). Each DSU is the economic equivalent of one share of the Issuer's common stock. The underlying common shares will not be issued to the reporting person, and the reporting person shall not have any voting or dispositive rights with respect to the underlying common shares, until termination of the reporting person's employment or services as a director of NOVAGOLD RESOURCES INC. The grants will expire no later than 90 days after the reporting person's termination date.
- [F2]The exercise price reported above was converted from the Canadian exercise price of C$5.00 using an exchange rate of CAD$1.2888=U.S.$1.00.
- [F3]The options vest as follows: 1/3 on 12/1/2018; 1/3 on 12/1/2019; and 1/3 on 12/1/2020.