Pennington Robert Ira 4
4 · General Moly, Inc · Filed Jul 1, 2020
Insider Transaction Report
Form 4
Pennington Robert Ira
VP Engineering & Construction
Transactions
- Exercise/Conversion
Restricted stock units
2020-06-30−450,000→ 0 total→ Common Stock (450,000 underlying) - Exercise/Conversion
Common Stock
2020-06-30+450,000→ 1,766,550 total
Holdings
- 158,000(indirect: By LLC)
Common Stock
Footnotes (3)
- [F1]Robert Pennington is the sole member of the Robert Pennington Dolores R. Pennington P/ADM Mineral Development LLC.
- [F2]Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
- [F3]The restricted stock units vest on the earliest to occur of (i) a financing plan for the Mt. Hope Project approved by the Board, (ii) a strategic financing alternative; or (iii) June 30, 2020. 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.