4//SEC Filing
Matlack William Fuller 4
Accession 0001567619-18-000032
CIK 0001311605other
Filed
Aug 6, 8:00 PM ET
Accepted
Aug 7, 8:14 PM ET
Size
10.6 KB
Accession
0001567619-18-000032
Insider Transaction Report
Form 4
Matlack William Fuller
Director
Transactions
- Disposition to Issuer
Deferred Share Units ("DSUs")
2018-07-20−45,046→ 0 total→ Common Shares (45,046 underlying) - Disposition to Issuer
Stock Options
2018-07-20−197,000→ 0 total→ Common Shares (197,000 underlying) - Disposition to Issuer
Common Shares
2018-07-20−1,222,488→ 0 total
Footnotes (3)
- [F1]The common shares were disposed of upon completion of a statutory plan of arrangement under the Business Corporations Act (British Columbia) (the "Arrangement") and pursuant to an arrangement agreement dated March 16, 2018, by and among the Issuer, Hecla Mining Company ("Hecla") and 1156291 B.C. Unlimited Liability Company, a wholly-owned subsidiary of Hecla, in exchange for $1,083,980.11 in cash, 491,440 common shares of Hecla, having a market value of $3.220 per share on the effective date of the Arrangement (the "Effective Date"), and 152,811 common shares of Havilah Mining Corporation, a subsidiary of Hecla ("Havilah"), having a market value of $0.46 per share on the first date of trading.
- [F2]The options constitute "in-the-money" options held by the reporting person outstanding immediately prior to the Effective Date. 117, 000 of the options were granted at an exercise price of the equivalent of $1.90 and the remaining 80,000 were granted at an exercise price of the equivalent of $2.28 (in each case, as converted from Canadian dollars to US dollars based on the noon exchange rate on the date of grant). Immediately prior to the Effective Date, the options were converted into common shares of the Issuer and then disposed of pursuant to the Arrangement for (i) $174,679.90 in cash, (ii) 79,194 common shares of Hecla, having a market value of $3.22 per share on the Effective Date, and (iii) 24,625 common shares of Havilah, having a market value of $0.46 per share on the first date of trading.
- [F3]Each DSU represented a contingent right to receive the economic equivalent of one common share of the Issuer, payable in cash. The DSUs were cancelled pursuant to the Arrangement in exchange for a cash payment of $2.36 per DSU.
Documents
Issuer
Klondex Mines Unlimited Liability Co
CIK 0001311605
Entity typeother
Related Parties
1- filerCIK 0001692272
Filing Metadata
- Form type
- 4
- Filed
- Aug 6, 8:00 PM ET
- Accepted
- Aug 7, 8:14 PM ET
- Size
- 10.6 KB