Grandey Gerald W 4
4 · RARE ELEMENT RESOURCES LTD · Filed Nov 25, 2020
Insider Transaction Report
Form 4
Grandey Gerald W
Director
Transactions
- Exercise/Conversion
Stock Option (Right to Buy)
2020-11-23−150,000→ 0 totalExercise: $0.04From: 2016-12-13Exp: 2021-12-13→ Common Shares (150,000 underlying) - Exercise/Conversion
Common Shares
2020-11-23$0.07/sh+75,000$5,250→ 767,219 total - Exercise/Conversion
Stock Option (Right to Buy)
2020-11-23−75,000→ 75,000 totalExercise: $0.07Exp: 2024-02-18→ Common Shares (75,000 underlying) - Exercise/Conversion
Stock Option (Right to Buy)
2020-11-23−150,000→ 0 totalExercise: $0.25Exp: 2022-11-17→ Common Shares (150,000 underlying) - Exercise/Conversion
Common Shares
2020-11-23$0.25/sh+150,000$37,500→ 692,219 total - Exercise/Conversion
Stock Option (Right to Buy)
2020-11-23−150,000→ 0 totalExercise: $0.04Exp: 2021-12-13→ Common Shares (150,000 underlying) - Exercise/Conversion
Common Shares
2020-11-23$0.04/sh+300,000$12,000→ 542,219 total
Footnotes (3)
- [F1]The option vested and became exercisable as follows: 75,000 on 12/13/2016, 37,500 on 3/31/2017, and 37,500 on 6/30/2017.
- [F2]The option vested and became exercisable as follows: 75,000 on 11/17/2018 and 75,000 on 11/17/2019.
- [F3]Seventy-five thousand (75,000) of the 150,000 common shares underlying the option vested and became exercisable on February 18, 2020. The remaining 75,000 common shares underlying the option will vest and become exercisable on February 18, 2021.