RECTOR DAVID 4
4 · U.S. GOLD CORP. · Filed Sep 18, 2020
Insider Transaction Report
Form 4
U.S. GOLD CORP.USAU
RECTOR DAVID
COO U.S. Gold Corp.
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2020-09-16−25,000→ 0 totalExercise: $14.70Exp: 2022-12-22→ Common Stock (25,000 underlying) - Award
Stock Option (Right to Buy)
2020-09-16+25,000→ 25,000 totalExercise: $14.70Exp: 2022-12-22→ Common Stock (25,000 underlying)
Footnotes (2)
- [F1]The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on December 22, 2017 and provided for one-quarter vesting on December 22, 2017 and the remaining three-quarters to vest in equal yearly installments over a three-year period. Vesting was accelerated for 6,250 options that otherwise would not vest due to the reporting person's termination of employment with the Issuer prior to the vesting date. The post-termination exercise period was extended to December 22, 2022.
- [F2]The securities and exercise prices shown have been adjusted from the time of grant to reflect the Issuer's 1-for-10 reverse stock split on March 17, 2020.