Elaine Sanders - 09 Dec 2021 Form 4 Insider Report for Trilogy Metals Inc. (TMQ)

Role
VP and CFO
Signature
/s/ Elaine Sanders
Issuer symbol
TMQ
Transactions as of
09 Dec 2021
Net transactions value
$0
Form type
4
Filing time
13 Dec 2021, 19:37:18 UTC
Previous filing
15 Oct 2021
Next filing
05 Jan 2022
SEC
View on sec.gov

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) Award $0 +225,000 $0.000000 225,000 09 Dec 2021 Common Shares 225,000 $1.74 Direct F1, F2
transaction TMQ Restricted Stock Units Award $0 +92,600 $0.000000 92,600 09 Dec 2021 Common Shares 92,600 Direct F3
transaction TMQ Restricted Stock Units Award $0 +26,650 $0.000000 26,650 09 Dec 2021 Common Shares 26,650 Direct F4
* 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$2.21 using an exchange rate of C$1.2700 = US$1.00.
F2 The options were granted on December 9, 2021, and vest as follows: 1/3 on December 9, 2021; 1/3 on December 9, 2022; and 1/3 on December 9, 2023.
F3 Represents December 9, 2021, grant of restricted stock units which vest as follows: 1/3 on December 9, 2021; 1/3 on December 9, 2022; and 1/3 on December 9, 2023.
F4 Represents December 9, 2021, grant of restricted stock units which fully vest on the grant date.