4//SEC Filing
Karr Edward M 4
Accession 0001493152-20-018109
CIK 0000027093other
Filed
Sep 20, 8:00 PM ET
Accepted
Sep 21, 9:08 PM ET
Size
10.2 KB
Accession
0001493152-20-018109
Insider Transaction Report
Form 4
U.S. GOLD CORP.USAU
Karr Edward M
Director
Transactions
- Award
Stock Option (Right to Buy)
2020-09-17+50,000→ 50,000 totalExercise: $14.70Exp: 2022-12-22→ Common Stock (50,000 underlying) - Award
Common Stock
2020-09-17+30,107→ 184,292 total - Disposition to Issuer
Stock Option (Right to Buy)
2020-09-17−50,000→ 0 totalExercise: $14.70Exp: 2022-12-22→ Common Stock (50,000 underlying)
Footnotes (3)
- [F1]Represents restricted shares of common stock awarded to the reporting person on September 17, 2020. Such shares vested immediately upon grant.
- [F2]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 12,500 options that otherwise would not vest due to the reporting person's relinquishment of his role as CEO of the Issuer prior to the vesting date. The post-termination exercise period was extended to December 22, 2022.
- [F3]The securities and exercise prices reported in this Form 4 have been adjusted from the time of grant to reflect the Issuer's 1-for-10 reverse stock split effected on March 19, 2020.
Documents
Issuer
U.S. GOLD CORP.
CIK 0000027093
Entity typeother
Related Parties
1- filerCIK 0001562138
Filing Metadata
- Form type
- 4
- Filed
- Sep 20, 8:00 PM ET
- Accepted
- Sep 21, 9:08 PM ET
- Size
- 10.2 KB