12/16/2024 | Press release | Distributed by Public on 12/16/2024 16:05
FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Common share options (right to buy) | $1.2475(1) | 12/12/2024 | A | 132,660 | (2) | 12/12/2029 | Common Shares | 132,660 | $ 0 | 662,056 | D | ||||
Restricted share units (exchange for common shares) | (3) | 12/12/2024 | A | 33,165 | (4) | (4) | Common Shares | 33,165 | $ 0 | 85,585 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
GOPLERUD PENNE A 10758 W. CENTENNIAL ROAD SUITE 200 LITTLETON, CO 80127 |
Gen Counsel and Corp Secretary |
/s/ Roger L. Smith Roger L. Smith pursuant to Power of Attorney | 12/16/2024 |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | The options were priced at $1.77 Canadian dollars; $1.2475 U.S. dollars is the equivalent of the exercise price pursuant to the exchange rate realized as of the transaction date (Cdn$1.00 = US$0.7048) www.bankofcanada.ca. |
(2) | The options will vest and become exercisable as follows: 44,220 on 12/12/2025; 44,220 on 12/12/2026; and 44,220 on 12/12/2027. |
(3) | Each unit is redeemable upon vesting for one common share. |
(4) | Each unit will be redeemed for one common share on or within 30 days of 12/12/2026 per the terms of the plan. |