Thomas S. Weng - Mar 25, 2022 Form 4 Insider Report for INTERNATIONAL TOWER HILL MINES LTD (THM)

Role
Director
Signature
/s/ Debbie Evans by Power of Attorney
Stock symbol
THM
Transactions as of
Mar 25, 2022
Transactions value $
$60,000
Form type
4
Date filed
3/30/2022, 04:26 PM
Previous filing
May 27, 2021
Next filing
May 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction THM Common Stock Options Exercise $60K +60K +240% $1.00 85K Mar 25, 2022 Direct F1

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 THM Stock Option (right to buy) Options Exercise $0 -60K -100% $0.00* 0 Mar 25, 2022 Common Stock 60K $1.00 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The exercise price was converted from CAD1.11 based on the February 25, 2014 noon rate as quoted by the Bank of Canada to USD1.00. The exercise price is the actual Canadian dollar amount regardless of the exchange rate on the date of exercise.
F2 Options were granted on February 25, 2014 and vested as follows: one-third on the grant date, one-third on February 25, 2015 and one-third on February 25, 2016.
F3 Pursuant to the International Tower Hill Mines Ltd. (the "Company") 2006 Incentive Stock Option Plan, if the expiry date of an option would fall during a trading blackout period imposed on the holder of the option by the Company, the expiry date of such option shall be extended to the close of business on the tenth business day after the end of such trading blackout period. The Company's most recent trading blackout period commenced on February 23, 2022 and ended on March 11, 2022, with the result that the expiry date for the option was March 25, 2022.