James Gowans - Dec 9, 2021 Form 4 Insider Report for Trilogy Metals Inc. (TMQ)

Role
Director
Signature
/s/ Elaine Sanders as attorney-in-fact for James Gowans
Stock symbol
TMQ
Transactions as of
Dec 9, 2021
Transactions value $
$0
Form type
4
Date filed
12/13/2021, 03:56 PM
Previous filing
Dec 1, 2021
Next filing
Mar 2, 2022

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 Deferred Share Units ("DSUs") Award $0 +20.6K +21.65% $0.00 116K Dec 9, 2021 Common Shares 20.6K $0.00 Direct F1
transaction TMQ Director Stock Option (Right to Buy) Award $0 +50K $0.00 50K Dec 9, 2021 Common Shares 50K $1.74 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The deferred share units vest immediately; however, the underlying common shares will not be issued to the grantee, and the grantee shall not have any voting or dispositive rights with respect to the underlying common shares, until termination of the grantee's employment or services as a director of the Issuer. The grants will expire no later than 90 days after the grantee's termination date.
F2 Converted from Canadian exercise price of C$2.21 using an exchange rate of C$1.2700 = US$1.00.