Peter Banghart Evensen - 24 Jun 2022 Form 4 Insider Report for SCANDIUM INTERNATIONAL MINING CORP. (SCYYF)

Role
CEO, Director
Signature
/s/ Peter Evensen
Issuer symbol
SCYYF
Transactions as of
24 Jun 2022
Net transactions value
+$140,000
Form type
4
Filing time
28 Jun 2022, 12:09:19 UTC
Previous filing
07 May 2021
Next filing
23 Jan 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 SCY Options to purchase common stock Award $140,000 +2,000,000 +118% $0.0700* 3,700,000 24 Jun 2022 Common Stock 2,000,000 $0.0700 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the exercise price of CAD$0.09 per underlying common share, based on a USD/CAD exchange rate of 1.2933.
F2 25% of the Options vest on the grant date and 25% of the Options will vest every six months thereafter.
F3 Represents the exercise price of CAD$0.09 per underlying common share, based on a USD/CAD exchange rate of 1.2933.