Elaine Sanders - 14 Oct 2021 Form 4 Insider Report for Trilogy Metals Inc. (TMQ)

Role
VP and CFO
Signature
/s/ Elaine Sanders
Issuer symbol
TMQ
Transactions as of
14 Oct 2021
Net transactions value
-$311,500
Form type
4
Filing time
15 Oct 2021, 16:44:46 UTC
Next filing
13 Dec 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TMQ Common Shares Options Exercise $71,250 +125,000 +8.5% $0.5700 1,601,874 14 Oct 2021 Direct F1
transaction TMQ Common Shares Sale $50,000 -25,000 -1.6% $2.00 1,576,874 14 Oct 2021 Direct
transaction TMQ Common Shares Sale $210,000 -100,000 -6.3% $2.10 1,476,874 14 Oct 2021 Direct
transaction TMQ Common Shares Options Exercise $42,750 +75,000 +5.1% $0.5700 1,551,874 15 Oct 2021 Direct F1
transaction TMQ Common Shares Sale $55,000 -25,000 -1.6% $2.20 1,526,874 15 Oct 2021 Direct
transaction TMQ Common Shares Sale $110,500 -50,000 -3.3% $2.21 1,476,874 15 Oct 2021 Direct

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 Employee Stock Option (Right to Buy) Options Exercise $0 -125,000 -62% $0.000000 75,000 14 Oct 2021 Common Shares 125,000 $0.5700 Direct F1, F2
transaction TMQ Employee Stock Option (Right to Buy) Options Exercise $0 -75,000 -100% $0.000000* 0 15 Oct 2021 Common Shares 75,000 $0.5700 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Converted from Canadian exercise price of C$0.70 using an exchange rate of C$1.2372 = US$1.00.
F2 The options were granted on 12/15/2016 and vested in three equal installments on December 15, 2016, December 15, 2017 and December 15, 2018.