Neal S. Shah - 28 Nov 2022 Form 4 Insider Report for NIOCORP DEVELOPMENTS LTD (NB)

Role
Chief Financial Officer
Signature
/s/ Neal S. Shah
Issuer symbol
NB
Transactions as of
28 Nov 2022
Net transactions value
+$10,480
Form type
4
Filing time
29 Nov 2022, 16:25:19 UTC
Previous filing
25 Mar 2022
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 $10,487 +29,852 +7.4% $0.3513 430,852 28 Nov 2022 Direct F1
transaction NB Common Shares Options Exercise $69,961 +199,148 +46% $0.3513 630,000 28 Nov 2022 Direct F1
transaction NB Common Shares Tax liability $69,968 -80,000 -13% $0.8746 550,000 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 Employee Stock Option (right to buy) Options Exercise $0 -229,000 -100% $0.000000* 0 28 Nov 2022 Common Shares 229,000 $0.3513 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$0.47 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 The option, representing a right to purchase a total of 229,000 Common Shares, became exercisable on the issuance date of November 9, 2017.