Michael James Morris - 11 Aug 2023 Form 5 Insider Report for NIOCORP DEVELOPMENTS LTD (NB)

Role
Director
Signature
/s/ Neal S. Shah, as attorney-in-fact
Issuer symbol
NB
Transactions as of
11 Aug 2023
Net transactions value
$0
Form type
5
Filing time
11 Aug 2023, 17:46:28 UTC
Previous filing
28 Mar 2023
Next filing
15 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding NB Common Shares 56,673 11 Aug 2023 Direct F1
holding NB Common Shares 5,525 11 Aug 2023 By Michael and Sandra Morris Trust F1, 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
holding NB Director Stock Option (right to buy) 32,500 11 Aug 2023 Common Shares 32,500 $10.14 Direct F3, F4
holding NB Director Stock Option (right to buy) 25,000 11 Aug 2023 Common Shares 25,000 $6.26 Direct F3, F5
holding NB Director Stock Option (right to buy) 50,000 11 Aug 2023 Common Shares 50,000 $6.95 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 17, 2023, the Issuer effected a 1-for-10 reverse stock split (the "Reverse Stock Split") of its common shares, without par value ("Common Shares"), with any fractional shares resulting from the Reverse Stock Split rounded down to the nearest whole share, resulting in a decrease in the Reporting Person's ownership by 559,788 Common Shares.
F2 These shares are held in a trust where Mr. Morris and his wife share voting and investment power as the only trustees of the Michael and Sandra Morris Trust.
F3 This option has been adjusted to reflect the Reverse Stock Split (in prior reports, this option was previously reported as covering a number of shares equal to this reported amount times 10 (and at an exercise price equal to this reported exercise price divided by 10)).
F4 Option exercise price was converted from Canadian exercise price of C$13.60 using an exchange rate of C$1.3409=US$1.00 as reported by the Bank of Canada on August 10, 2023.
F5 Option exercise price was converted from Canadian exercise price of C$8.40 using an exchange rate of C$1.3409=US$1.00 as reported by the Bank of Canada on August 10, 2023.