Nilsa Guerrero-Mahon - 28 Nov 2022 Form 4 Insider Report for NIOCORP DEVELOPMENTS LTD (NB)

Role
Director
Signature
/s/ Nilsa Guerrero-Mahon
Issuer symbol
NB
Transactions as of
28 Nov 2022
Net transactions value
-$6.65
Form type
4
Filing time
29 Nov 2022, 16:24:23 UTC
Previous filing
17 Dec 2021
Next filing
28 Mar 2023
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 $175,650 +500,000 $0.3513 500,000 28 Nov 2022 Direct F1
transaction NB Common Shares Tax liability $175,668 -200,855 -40% $0.8746 299,145 28 Nov 2022 Direct F2
transaction NB Common Shares Options Exercise $121,110 +300,000 +100% $0.4037 599,145 28 Nov 2022 Direct F3
transaction NB Common Shares Tax liability $121,099 -138,462 -23% $0.8746 460,682 28 Nov 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 Director Stock Option (right to buy) Options Exercise $0 -500,000 -100% $0.000000* 0 28 Nov 2022 Common Shares 500,000 $0.3513 Direct F1, F4
transaction NB Director Stock Option (right to buy) Options Exercise $0 -300,000 -100% $0.000000* 0 28 Nov 2022 Common Shares 300,000 $0.4037 Direct F3, F5
* 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$0.47 using an exchange rate of C$1.3377 = US$1.00 as reported by the Bank of Canada on November 25, 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 November 25, 2022 of C$1.17, which was converted using an exchange rate of C$1.3377 = US$1.00 as reported by the Bank of Canada on November 25, 2022.
F3 Option exercise price reflected was converted from Canadian exercise price of C$0.54 using an exchange rate of C$1.3377 = US$1.00 as reported by the Bank of Canada on November 25, 2022.
F4 The option, representing a right to purchase a total of 500,000 Common Shares, became exercisable on the issuance date of November 9, 2017.
F5 The option, representing a right to purchase a total of 300,000 Common Shares, became exercisable in installments as follows: 50% on May 15, 2019; 25% on November 15, 2019; and 25% on May 15, 2020.