David Allen Cross - 24 May 2022 Form 4 Insider Report for INTERNATIONAL TOWER HILL MINES LTD (THM)

Role
Chief Financial Officer
Signature
/s/ Debbie Evans by Power of Attorney
Issuer symbol
THM
Transactions as of
24 May 2022
Net transactions value
$0
Form type
4
Filing time
25 May 2022, 18:58:41 UTC
Next filing
25 May 2023
SEC
View on sec.gov

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 THM Stock Option (right to buy) Award $0 +15,000 $0.000000 15,000 24 May 2022 Common Stock 15,000 $0.7200 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The exercise price was converted from CAD 0.92 to USD 0.72 based on the May 24, 2022 exchange rate as quoted by the Bank of Canada. The exercise price is the actual Canadian dollar amount regardless of the exchange rate on the date of exercise.
F2 One-third of the options vested on the date of grant and the remaining options will vest in two equal annual installments beginning on the first anniversary of the date of grant.