Elaine Sanders - Oct 14, 2021 Form 4 Insider Report for Trilogy Metals Inc. (TMQ)

Role
VP and CFO
Signature
/s/ Elaine Sanders
Stock symbol
TMQ
Transactions as of
Oct 14, 2021
Transactions value $
-$311,500
Form type
4
Date filed
10/15/2021, 04:44 PM
Next filing
Dec 13, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TMQ Common Shares Options Exercise $71.3K +125K +8.46% $0.57 1.6M Oct 14, 2021 Direct F1
transaction TMQ Common Shares Sale -$50K -25K -1.56% $2.00 1.58M Oct 14, 2021 Direct
transaction TMQ Common Shares Sale -$210K -100K -6.34% $2.10 1.48M Oct 14, 2021 Direct
transaction TMQ Common Shares Options Exercise $42.8K +75K +5.08% $0.57 1.55M Oct 15, 2021 Direct F1
transaction TMQ Common Shares Sale -$55K -25K -1.61% $2.20 1.53M Oct 15, 2021 Direct
transaction TMQ Common Shares Sale -$111K -50K -3.27% $2.21 1.48M Oct 15, 2021 Direct

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) Options Exercise $0 -125K -62.5% $0.00 75K Oct 14, 2021 Common Shares 125K $0.57 Direct F1, F2
transaction TMQ Employee Stock Option (Right to Buy) Options Exercise $0 -75K -100% $0.00* 0 Oct 15, 2021 Common Shares 75K $0.57 Direct F1, F2
* 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$0.70 using an exchange rate of C$1.2372 = US$1.00.
F2 The options were granted on 12/15/2016 and vested in three equal installments on December 15, 2016, December 15, 2017 and December 15, 2018.