Mark A. Smith - Mar 1, 2022 Form 4 Insider Report for NIOCORP DEVELOPMENTS LTD (NB)

Role
President & CEO, Director
Signature
/s/ Mark A. Smith
Stock symbol
NB
Transactions as of
Mar 1, 2022
Transactions value $
-$12
Form type
4
Date filed
3/3/2022, 03:01 PM
Previous filing
Dec 17, 2021
Next filing
Nov 29, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NB Common Shares Options Exercise $389K +650K +3.36% $0.60 20M Mar 1, 2022 Direct F1
transaction NB Common Shares Tax liability -$389K -437K -2.19% $0.89 19.6M Mar 1, 2022 Direct 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 NB Employee Stock Option (right to buy) Options Exercise $0 -650K -100% $0.00* 0 Mar 1, 2022 Common Shares 650K $0.60 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$0.76 using an exchange rate of C$1.2698 = US$1.00 as reported by the Bank of Canada on February 28, 2022.
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 February 28, 2022 of C$1.13, which was converted using an exchange rate of C$1.2698 = US$1.00 as reported by the Bank of Canada on February 28, 2022.
F3 The option, representing a right to purchase a total of 650,000 Common Shares, became exercisable in installments as follows: 50% on September 2, 2017; 25% March 6, 2018; and the remaining balance on September 2, 2018.