General Moly, Inc 4
4 · General Moly, Inc · Filed Jan 20, 2016
Insider Transaction Report
Form 4
Roswell R Scott
Corporate Counsel, VP HR
Transactions
- Exercise/Conversion
Common Stock
2016-01-15+179,093→ 445,983 total - Tax Payment
Common Stock
2016-01-15$0.18/sh−66,768$12,018→ 379,215 total - Award
Restricted stock units
2016-01-16+80,000→ 80,000 total→ Common Stock (80,000 underlying) - Exercise/Conversion
Restricted stock units
2016-01-15−179,093→ 0 total→ Common Stock (179,093 underlying)
Footnotes (5)
- [F1]Represents acquisition of common stock upon vesting of restricted stock units.
- [F2]Represents withholding of shares to satisfy tax obligations upon the vesting of restricted stock units.
- [F3]Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
- [F4]The restricted stock units vest on the earliest to occur of (i) a financing plan for the Mt. Hope Project approved by the issuer's board of directors; (ii) a Change of Control (as defined in the reporting person's employment agreement with the issuer); (iii) involuntary termination (absent cause); or (iv) January 15, 2016. Vested shares will be delivered to the reporting person within sixty (60) days, except as otherwise required by Section 409A of the Internal Revenue Code of 1986, as amended.
- [F5]The restricted stock units vest on the earliest to occur of (i) a financing plan for the Mt. Hope Project approved by the issuer's board of directors; (ii) a Change of Control (as defined in the reporting person's employment agreement with the issuer); (iii) involuntary termination (absent cause); or (iv) January 16, 2017. Vested shares will be delivered to the reporting person within sixty (60) days, except as otherwise required by Section 409A of the Internal Revenue Code of 1986, as amended.