4//SEC Filing
IRELAND INC. 4
Accession 0001534122-15-000042
CIK 0001166338operating
Filed
Apr 7, 8:00 PM ET
Accepted
Apr 8, 8:23 PM ET
Size
17.4 KB
Accession
0001534122-15-000042
Insider Transaction Report
Form 4
IRELAND INC.IRLD
BIRNIE DOUGLAS DG
DirectorCEO, President & Secretary
Transactions
- Award
Stock Options (Right to Buy)
2015-04-01+300,000→ 300,000 totalExercise: $0.40From: 2015-04-01Exp: 2020-03-31→ Common Stock (300,000 underlying) - Award
Stock Options (Right to Buy)
2015-04-01+300,000→ 300,000 totalExercise: $0.40From: 2015-12-31Exp: 2020-12-31→ Common Stock (300,000 underlying) - Award
Stock Options (Right to Buy)
2015-04-01+150,000→ 150,000 totalExercise: $0.40→ Common Stock (150,000 underlying) - Award
Stock Options (Right to Buy)
2015-04-01+150,000→ 150,000 totalExercise: $0.40→ Common Stock (150,000 underlying) - Award
Stock Options (Right to Buy)
2015-04-01+300,000→ 300,000 totalExercise: $0.40From: 2015-09-30Exp: 2020-09-30→ Common Stock (300,000 underlying) - Award
Stock Options (Right to Buy)
2015-04-01+300,000→ 300,000 totalExercise: $0.40From: 2015-06-30Exp: 2020-06-30→ Common Stock (300,000 underlying)
Footnotes (2)
- [F1]Options will vest on the date that the Issuer completes the re-assay of all 35 drill holes completed during the Issuer's 2007-2010 drill programs and located within the North and South Sand Zones of the Columbus Project, provided that these options shall not vest unless (a) the re-assaying program is completed on or before Dec. 31, 2015; and (b) the average grade among all of the re-assayed drill samples is significantly greater than the average grade of the original assays for the same samples. Whether any increase in average grade is significant, and the date that the above vesting conditions have been satisfied, if at all, shall be as determined by the independent directors of the Issuers, acting reasonably. If these options do not vest on or before Dec. 31, 2015, the expiration date for these options shall be Dec. 31, 2015. If these options vest on or before Dec. 31, 2015, the expiration date for these options shall be the 5th year anniversary of the particular vesting date.
- [F2]Options will vest on the first date after the grant date that the closing price for the Issuer's common stock (as quoted by the principal market or exchange on which such shares trade) exceeds $1.20 per share for 20 consecutive trading days, expiring on the 5th year anniversary of the vesting date.
Documents
Issuer
IRELAND INC.
CIK 0001166338
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0001166338
Filing Metadata
- Form type
- 4
- Filed
- Apr 7, 8:00 PM ET
- Accepted
- Apr 8, 8:23 PM ET
- Size
- 17.4 KB