Brian D. Edgar - 09 Sep 2021 Form 4 Insider Report for SILVER BULL RESOURCES, INC. (SVBL)

Role
Chairman, Director
Signature
/s/ Brian D. Edgar
Issuer symbol
SVBL
Transactions as of
09 Sep 2021
Net transactions value
-$10,898
Form type
4
Filing time
13 Sep 2021, 16:29:04 UTC
Next filing
22 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SVBL Common Stock Options Exercise $103,125 +137,500 +18% $0.7500* 905,664 10 Sep 2021 Direct
transaction SVBL Common Stock Tax liability $108,721 -106,589 -12% $1.02* 799,075 10 Sep 2021 Direct F1
transaction SVBL Common Stock Options Exercise $190,000 +237,500 +30% $0.8000* 1,036,575 10 Sep 2021 Direct
transaction SVBL Common Stock Tax liability $195,302 -191,473 -18% $1.02* 845,102 10 Sep 2021 Direct F1
holding SVBL Common Stock 249,602 09 Sep 2021 By Tortuga Investments Corp.
holding SVBL Common Stock 425,000 09 Sep 2021 By 0893306 B.C. Ltd. F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SVBL Stock Option (Right to Buy) Options Exercise $0 -137,500 -100% $0.000000* 0 09 Sep 2021 Common Stock 137,500 $0.7500 Direct F3, F4, F5
transaction SVBL Stock Option (Right bo Buy) Options Exercise $0 -237,500 -100% $0.000000* 0 09 Sep 2021 Common Stock 237,500 $0.8000 Direct F3, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Price shown is in US$ and was converted based on the foreign currency exchange rate as of September 9, 2021 (CDN$1.00=US$0.7886).
F2 The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
F3 The exercise price or share amount was adjusted to reflect the one-for-eight reverse stock split of the shares of SVBL common stock completed on September 18, 2020.
F4 This option to purchase common stock was priced in CDN$ at CDN$0.125 (pre-reverse stock split). Exercise price shown is in US$ and was converted based on the foreign currency exchange rate as of April 6, 2017 (CDN$1.00=US$0.7458).
F5 This option to purchase common stock vested in three (3) annual installments of 45,833, 45,833 and 45,834. The first installment vested on April 6, 2017, the second installment vested on April 6, 2018, and the third installment vested on April 6, 2019.
F6 This option to purchase common stock was priced in CDN$ at CDN$0.130 (pre-reverse stock split). Exercise price shown is in US$ and was converted based on the foreign currency exchange rate as of September 19, 2018 (CDN$1.00=US$0.7721).
F7 This option to purchase common stock vested in three (3) annual installments of 79,166, 79,167 and 79,167. The first installment vested on September 19, 2018, the second installment vested on September 19, 2019, and the third installment vested on September 19, 2020.