Pennington Robert Ira 4
4 · General Moly, Inc · Filed Jan 17, 2019
Insider Transaction Report
Form 4
Pennington Robert Ira
Chief Operating Officer
Transactions
- Exercise/Conversion
Common Stock
[F1]2019-01-16+400,000→ 1,433,810 total - Exercise/Conversion
Restricted stock units
[F3][F4]2019-01-16−400,000→ 0 total→ Common Stock (400,000 underlying)
Holdings
- 158,000(indirect: By LLC)
Common Stock
[F2]
Footnotes (4)
- [F1]Represents acquisition of common stock upon vesting of restricted stock units.
- [F2]Robert Pennington is the sole member of the Robert Pennington Dolores R. Pennington P/ADM Mineral Development LLC.
- [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 16, 2019. Vested shares will be delivered to the reporting person within six (6) months, except as otherwise required by Section 409A of the Internal Revenue Code of 1986, as amended.
Signature
/s/ Jennifer A. D'Alessandro, as attorney-in-fact|2019-01-17