Lowell A. Shonk - Oct 15, 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
Stock symbol
REEMF
Transactions as of
Oct 15, 2021
Transactions value $
$83,500
Form type
4
Date filed
10/18/2021, 04:21 PM
Next filing
Jun 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction REEMF Common Shares Options Exercise $5K +125K +208.33% $0.04* 185K Oct 15, 2021 Direct
transaction REEMF Common Shares Options Exercise $5K +125K +67.57% $0.04* 310K Oct 15, 2021 Direct
transaction REEMF Common Shares Options Exercise $25K +100K +32.26% $0.25 410K Oct 15, 2021 Direct
transaction REEMF Common Shares Options Exercise $7K +100K +24.39% $0.07* 510K Oct 15, 2021 Direct
transaction REEMF Common Shares Options Exercise $41.5K +50K +9.8% $0.83 560K Oct 15, 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 -125K -100% $0.00* 0 Oct 15, 2021 Common Shares 125K $0.04 Direct
transaction REEMF Stock Option (Right to Buy) Options Exercise $0 -125K -100% $0.00* 0 Oct 15, 2021 Common Shares 125K $0.04 Direct F1
transaction REEMF Stock Option (Right to Buy) Options Exercise $0 -100K -100% $0.00* 0 Oct 15, 2021 Common Shares 100K $0.25 Direct F2
transaction REEMF Stock Option (Right to Buy) Options Exercise $0 -100K -100% $0.00* 0 Oct 15, 2021 Common Shares 100K $0.07 Direct F3
transaction REEMF Stock Option (Right to Buy) Options Exercise $0 -50K -50% $0.00 50K Oct 15, 2021 Common Shares 50K $0.83 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.