Gregory A. Lang - Dec 8, 2022 Form 4 Insider Report for Trilogy Metals Inc. (TMQ)

Role
Director
Signature
/s/ Elaine Sanders as attorney-in-fact for Gregory A. Lang
Stock symbol
TMQ
Transactions as of
Dec 8, 2022
Transactions value $
$0
Form type
4
Date filed
12/12/2022, 01:02 PM
Previous filing
Dec 1, 2022
Next filing
Dec 16, 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 +100K +38.73% $0.00 358K Dec 8, 2022 Common Shares 100K $0.00 Direct F1, F2
transaction TMQ Director Stock Option (Right to Buy) Award $0 +50K $0.00 50K Dec 8, 2022 Common Shares 50K $0.57 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Non-discretionary issuances of DSUs pursuant to elections made by plan participants prior to the commencement of the current fiscal year.
F2 The DSUs vest immediately; however, the underlying common shares will not be issued to the grantee, and the grantee shall not having 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.
F3 Converted from Canadian exercise price of C$0.78 using an exchange rate of C$1.3582 = US$1.00.