Pennington Robert Ira 4

4 · General Moly, Inc · Filed Jan 17, 2018

Form 4

Period: 2018-01-16

VP Engineering & Construction

Transactions

Exercise/Conversion
Common Stock
2018-01-16+300,000→ 1,145,962 total
Tax Payment
Common Stock
2018-01-16$0.39/sh−112,152$43,739→ 1,033,810 total
Award
Restricted stock units
2018-01-16+400,000→ 400,000 total
→ Common Stock (400,000 underlying)
Exercise/Conversion
Restricted stock units
2018-01-16−300,000→ 0 total
→ Common Stock (300,000 underlying)

Holdings

Footnotes (6)

[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]Robert Pennington is the sole member of the Robert Pennington Dolores R. Pennington P/ADM Mineral Development LLC.
[F4]Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
[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, 2018. 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. The original Form 4 reported an incorrect vesting date.
[F6]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, 2019. 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.

Documents

1 file