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

Role
President and CEO, Director
Signature
/s/ Elaine Sanders as attorney-in-fact for Tony Giardini
Stock symbol
TMQ
Transactions as of
Dec 9, 2021
Transactions value $
$0
Form type
4
Date filed
12/13/2021, 07:41 PM
Next filing
Jan 5, 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 Employee Stock Option (Right to Buy) Award $0 +450K $0.00 450K Dec 9, 2021 Common Shares 450K $1.74 Direct F1, F2
transaction TMQ Restricted Stock Units Award $0 +185K $0.00 185K Dec 9, 2021 Common Shares 185K Direct F3
transaction TMQ Restricted Stock Units Award $0 +197K $0.00 197K Dec 9, 2021 Common Shares 197K 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.