Ullman Sharon 4

4 · Standard Metals Processing, Inc. · Filed Apr 1, 2019

Form 4

Period: 2019-03-29

Director10% Owner

Transactions

Disposition to Issuer
Options (right to buy)
2019-03-29−1,500,000→ 0 total
Exercise: $0.40From: 2014-06-01Exp: 2020-11-13→ Common Stock (1,500,000 underlying)
Sale
Common Stock
2019-03-29−12,680,000→ 2,500,000 total(indirect: By LLC)
Disposition to Issuer
Options (right to buy)
2019-03-29−1,500,000→ 0 total
Exercise: $0.40From: 2013-11-13Exp: 2020-11-13→ Common Stock (1,500,000 underlying)
Disposition to Issuer
Options (right to buy)
2019-03-29−1,500,000→ 0 total
Exercise: $0.40From: 2015-06-01Exp: 2020-11-13→ Common Stock (1,500,000 underlying)

Footnotes (5)

[F1]Shares transferred by the reporting person in an exchange transaction with Granite Peak Resources, LLC.
[F2]The Reporting Person exchanged the shares for a pro-rata equity interest in Granite Peak Resources LLC ("GPR"). The shares are valued at the time of exchange on 3/29/19 as the fair market value ("FMV") as the closing trading price on the previous date ($0.0495) and such equity interest in Granite Peak Resources LLC is valued as the FMV of the Standard Metals Processing, Inc. (the "Company") shares.
[F3]The shares are held in the name of Afignis LLC, the Reporting Person has sole voting and dispositive authority.
[F4]A limited liability company, of which the reporting person is the manager and has sole dispositive and voting control.
[F5]Options to purchase common stock granted pursuant to a compensatory Stock Option Grant Agreement.

Documents

1 file