Molycorp, Inc. 5
5 · Molycorp, Inc. · Filed Feb 16, 2016
Insider Transaction Report
Form 5
Bedford Geoffrey R.
EVP, Rare Earths & Magnetics
Transactions
- Gift
Exchangeable Shares
2015-12-08−12,498→ 0 total→ Common Stock (12,498 underlying) - Gift
6.00% Convertible Senior Notes due 2017
2015-12-08−150,000→ Common Stock - Gift
5.50% Convertible Senior Notes due 2018
2015-12-08−100,000→ 0 total→ Common Stock - Gift
Common Stock
2015-12-08−105,000→ 213,947 total
Footnotes (4)
- [F1]Gifted to a family member for estate planning purposes.
- [F2]The Exchangeable Shares, together with the ancillary rights that form a part of them, represent securities of MCP Exchangeco Inc. ("Exchangeco"), a British Columbian subsidiary of the Issuer. The Exchangeable Shares are exchangeable for no additional consideration, at the election of the holder, on a one-for-one basis for shares of the Issuer's common stock. The Exchangeable Shares have no expiration date; however, the Exchangeable Shares are subject to the right of the Issuer and MCP Callco Inc., a British Columbian subsidiary of the Issuer, to (i) call such shares upon an anticipated liquidation, dissolution or winding-up of Exchangeco, or upon certain changes in law, and (ii) redeem such shares on or after the six-year anniversary of their issuance upon the occurrence of certain enumerated events.
- [F3]The 5.50% Convertible Senior Notes due 2018 (the "Notes") are convertible at any time prior to the close of business on the second scheduled trading day immediately preceding February 1, 2016. The conversion rate for the Notes is initially 138.8889 shares of Issuer common stock per $1,000 principal amount of Notes (equivalent to an initial conversion price of $7.20 per share of Issuer common stock), subject to adjustment, pursuant to the terms of the Notes.
- [F4]The 6.00% Convertible Senior Notes due 2017 (the "Notes") are convertible at any time prior to the close of business on the second scheduled trading day immediately preceding September 1, 2017. The conversion rate for the Notes is initially 83.3333 shares of Issuer common stock per $1,000 principal amount of Notes (equivalent to an initial conversion price of $12.00 per share of Issuer common stock), subject to adjustment, pursuant to the terms of the Notes.