Petersen Stephen R. 4
4 · Brazil Minerals, Inc. · Filed Jun 16, 2022
Insider Transaction Report
Form 4
Petersen Stephen R.
Director
Transactions
- Award
Stock Options (right to buy Common Stock)
2021-12-06+12,000,000→ 12,000,000 totalExercise: $0.00From: 2022-12-06→ Common Stock (12,000,000 underlying) - Award
Common Stock, par value $0.001 per share
2022-02-10$0.01/sh+8,333,333$50,000→ 8,333,333 total - Award
Common Stock Purchase Warrant
2021-08-06+1→ 1 totalExercise: $0.02From: 2021-08-06Exp: 2023-12-31→ Common Stock (5,000,000 underlying)
Footnotes (5)
- [F1]This Report on Form 4 discloses a previously unreported purchase of Common Stock of the Issuer on February 10, 2022, pursuant to a Securities Purchase Agreement with the Issuer.
- [F2]This Report on Form 4 discloses previously unreported derivative security transactions effected by the reporting person since August 6, 2021, the date on which the reporting person first acquired derivative securities of the Issuer.
- [F3]The reporting person received the Common Stock Purchase Warrant as inducement for his purchase of 10,000 common shares of Apollo Resources Corporation, a subsidiary of the Issuer.
- [F4]The Stock Options vest quarterly on a straight-line basis over one year, starting on the grant date, and expire five years from each vesting date. Of the 6,000,000 Stock Options which have vested to date: (i) 3,000,000 of the Stock Options vested on March 6, 2022 and expire on March 6, 2027 and (ii) 3,000,000 of the Stock Options vested on June 6, 2022 and expire on June 6, 2027.
- [F5]The Stock Options were awarded to the reporting person as compensation for services as a director.