Lowell A. Shonk - 15 Oct 2021 Form 4 Insider Report for RARE ELEMENT RESOURCES LTD (REEMF)

Role
Director
Signature
/s/ Randall J. Scott as Attorney-in-Fact for Lowell A. Shonk
Issuer symbol
REEMF
Transactions as of
15 Oct 2021
Net transactions value
+$83,500
Form type
4
Filing time
18 Oct 2021, 16:21:12 UTC
Next filing
22 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction REEMF Common Shares Options Exercise $5,000 +125,000 +208% $0.0400* 185,000 15 Oct 2021 Direct
transaction REEMF Common Shares Options Exercise $5,000 +125,000 +68% $0.0400* 310,000 15 Oct 2021 Direct
transaction REEMF Common Shares Options Exercise $25,000 +100,000 +32% $0.2500 410,000 15 Oct 2021 Direct
transaction REEMF Common Shares Options Exercise $7,000 +100,000 +24% $0.0700* 510,000 15 Oct 2021 Direct
transaction REEMF Common Shares Options Exercise $41,500 +50,000 +9.8% $0.8300 560,000 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 REEMF Stock Option (Right to Buy) Options Exercise $0 -125,000 -100% $0.000000* 0 15 Oct 2021 Common Shares 125,000 $0.0400 Direct
transaction REEMF Stock Option (Right to Buy) Options Exercise $0 -125,000 -100% $0.000000* 0 15 Oct 2021 Common Shares 125,000 $0.0400 Direct F1
transaction REEMF Stock Option (Right to Buy) Options Exercise $0 -100,000 -100% $0.000000* 0 15 Oct 2021 Common Shares 100,000 $0.2500 Direct F2
transaction REEMF Stock Option (Right to Buy) Options Exercise $0 -100,000 -100% $0.000000* 0 15 Oct 2021 Common Shares 100,000 $0.0700 Direct F3
transaction REEMF Stock Option (Right to Buy) Options Exercise $0 -50,000 -50% $0.000000 50,000 15 Oct 2021 Common Shares 50,000 $0.8300 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option vested and became exercisable as follows: 62,500 on 12/13/2016, 31,250 on 3/31/2017 and 31,250 on 6/30/2017.
F2 The option vested and became exercisable as follows: 50,000 on 11/17/2018 and 50,000 on 11/17/2019.
F3 The option vested and became exercisable as follows: 50,000 on 2/18/2020 and 50,000 on 2/18/2021.
F4 The option provides for vesting as follows: 50,000 on 2/13/2021 and 50,000 on 2/13/2022.