Diana J. Walters - Oct 6, 2021 Form 4 Insider Report for Trilogy Metals Inc. (TMQ)

Role
Director
Signature
/s/ Elaine Sanders as attorney-in-fact for Diana J. Walters
Stock symbol
TMQ
Transactions as of
Oct 6, 2021
Transactions value $
-$84,000
Form type
4
Date filed
10/8/2021, 10:59 AM
Previous filing
Sep 2, 2021
Next filing
Dec 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TMQ Common Shares Options Exercise $38.5K +70K +700% $0.55 80K Oct 6, 2021 Direct F1
transaction TMQ Common Shares Sale -$70K -40K -50% $1.75 40K Oct 6, 2021 Direct F2
transaction TMQ Common Shares Sale -$52.5K -30K -75% $1.75 10K Oct 6, 2021 Direct F3

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 TMQ Director Stock Options Options Exercise $0 -70K -100% $0.00* 0 Oct 6, 2021 Common Shares 70K $0.55 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The exercise price reported above was converted from the Canadian exercise price of C$0.70 using an exchange rate of C$1.2613 = US$1.00.
F2 The sales price reported is a weighted average price. These shares were sold in multiple transactions ranging from C$2.14 to C$2.30, inclusive. The reporting person undertakes to provide to Trilogy Metals Inc., any security holder of Trilogy Metals Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. The sales price reported above was converted from the Canadian average weighted sales price of C$2.21 using an exchange rate of C$1.2613 = US$1.00.
F3 The sales price reported is a weighted average price. These shares were sold in multiple transactions ranging from C$2.20 to C$2.22, inclusive. The reporting person undertakes to provide to Trilogy Metals Inc., any security holder of Trilogy Metals Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. The sales price reported above was converted from the Canadian average weighted sales price of C$2.20 using an exchange rate of C$1.2613 = US$1.00.