KLONDEX MINES LTD 4
4 · KLONDEX MINES LTD · Filed Jun 19, 2017
Insider Transaction Report
Form 4
Antwi John A.
Sr. VP, Strategic Development
Transactions
- Exercise/Conversion
Common Shares
2017-06-15+1,000→ 22,324 total - Sale
Common Shares
2017-06-15$3.53/sh−360$1,271→ 21,964 total - Exercise/Conversion
Restricted Share Units
2017-06-15−1,000→ 1,000 total→ Common Shares (1,000 underlying)
Footnotes (4)
- [F1]The reporting person's sale of KLDX common stock reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934, to the extent of 360 shares, with the reporting person's purchase of 680 shares of KLDX common stock at a price of $2.9485 per share on June 1, 2017. The reporting person has agreed to pay Klondex Mines Ltd, upon settlement of the sale, $735.80, representing the full amount of the profit realized in connection with the short-swing transaction, less transaction costs.
- [F2]Represents the number of shares sold to cover the tax liability on the vesting of the RSU grant reported in Table II.
- [F3]Each restricted share unit represents a contingent right to receive the economic equivalent of one common share of Klondex Mines Ltd. (the "Corporation"), in cash or in shares of common stock, at the option of the Corporation.
- [F4]The RSUs granted on 9/30/2016 vest as follows: 1/3 on 12/29/2016, 1/3 on 6/15/2017, and 1/3 on 6/15/2018.