Anna Castner Wightman - 16 Sep 2021 Form 4 Insider Report for NIOCORP DEVELOPMENTS LTD (NB)

Role
Director
Signature
/s/ Anna Castner Wightman
Issuer symbol
NB
Transactions as of
16 Sep 2021
Net transactions value
-$12.22
Form type
4
Filing time
17 Sep 2021, 16:31:24 UTC
Next filing
17 Dec 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NB Common Shares Options Exercise $371,500 +500,000 +25000% $0.7430 502,000 16 Sep 2021 Direct F1
transaction NB Common Shares Tax liability $371,512 -423,424 -84% $0.8774 78,576 16 Sep 2021 Direct F2
holding NB Common Shares 1,000 16 Sep 2021 By spouse
holding NB Common Shares 500 16 Sep 2021 By minor child
holding NB Common Shares 500 16 Sep 2021 By minor child

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 NB Employee Stock Option (right to buy) Options Exercise $0 -500,000 -100% $0.000000* 0 16 Sep 2021 Common Shares 500,000 $0.7430 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Option exercise price reflected was converted from Canadian exercise price of C$0.94 using an exchange rate of C$1.2651 = US$1.00 as reported by the Bank of Canada on September 15, 2021.
F2 Sale price of common shares withheld in satisfaction of option exercise price is based on the closing price of the common shares on the Toronto Stock Exchange on September 15, 2021 of C$1.11, which was converted using an exchange rate of C$1.2651 = US$1.00 as reported by the Bank of Canada on September 15, 2021.
F3 The option, representing a right to purchase a total of 500,000 Common Shares, became exercisable as follows: 50% on issuance date of July 21, 2016; 25% on January 21, 2017; and the remaining balance on July 21, 2017.