Shonk Lowell A 4
4 · RARE ELEMENT RESOURCES LTD · Filed May 27, 2020
Insider Transaction Report
Form 4
Shonk Lowell A
Director
Transactions
- Exercise/Conversion
Stock Option (Right to Buy)
2020-05-26−40,000→ 30,000 totalExercise: $0.53Exp: 2020-06-17→ Common Shares (40,000 underlying) - Exercise/Conversion
Common Shares
2020-05-26$0.53/sh+40,000$21,200→ 70,000 total - Sale
Common Shares
2020-05-26$0.92/sh−40,000$36,800→ 30,000 total
Footnotes (2)
- [F1]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.91 to $0.94, inclusive. The Reporting Person undertakes to provide to Rare Element Resources Ltd. ("Rare Element"), any security holder of Rare Element, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this Footnote 1 to this Form 4.
- [F2]The option vested and became exercisable as follows: 20,000 on 10/17/2015, 20,000 on 2/17/2016, 20,000 on 6/17/2016, 20,000 on 9/17/2016 and 20,000 on 12/17/2016.