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Filing Details

Accession Number:: 0001193805-15-001025
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2015-06-23 18:08:44
Reporting Period:: 2015-06-19

Filing Date:: 2015-06-23
Accepted Time:: 2015-06-23 18:08:44
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1543418	Novacopper Inc.	NCQ	Gold And Silver Ores (1040)	000000000

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1124803	Scott Thomas Kaplan	700 Madison Ave., 5Th Floor New York NY 10065	No	No	No	Yes
1454795	L.p. Resources Strategic Electrum	700 Madison Ave., 5Th Floor New York NY 10065	No	No	No	Yes
1564994	L.p. Holdings Global Electrum	700 Madison Ave., 5Th Floor New York NY 10065	No	No	No	Yes
1565641	Electrum Group Llc	700 Madison Ave., 5Th Floor New York NY 10065	No	No	No	Yes
1565706	Leopard Holdings Llc	535 Madison Ave., 12Th Floor New York NY 10022	No	No	No	Yes
1565707	Grat Holdings Llc	700 Madison Ave., 5Th Floor New York NY 10065	No	No	No	Yes
1565709	Ltd. Gp Global Teg	700 Madison Ave., 5Th Floor New York NY 10065	No	No	No	Yes

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Shares	Acquisiton	2015-06-19	10,000	$0.00	10,000	No	4	P	Indirect	By Tigris Financial Group Ltd.
Common Shares	Acquisiton	2015-06-19	5,608,352	$0.00	5,608,532	No	4	P	Indirect	By Electrum Global Holdings L.P.

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	By Tigris Financial Group Ltd.
No	4	P	Indirect	By Electrum Global Holdings L.P.

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Shares	833,333	Indirect	By GRAT Holdings LLC
Common Shares	16,022,449	Indirect	By Electrum Strategic Resources L.P.

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Shares	Deferred Shares Units	$0.00			112,728	112,728	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	112,728	112,728	Direct

Footnotes

Each of Tigris Financial Group Ltd. ("Tigris") and Electrum Global Holdings L.P. ("Global Holdings") received the common shares reported herein in connection with the consummation of the transactions (the "Transaction") contemplated by the arrangement agreement (the "Arrangement") entered into on April 22, 2015 between NovaCopper Inc. ("NovaCopper") and Sunward Resources Ltd. ("Sunward"). Pursuant to the Arrangement, upon the closing, each outstanding Sunward common share was exchanged for 0.3 common shares of NovaCopper. On the closing date of the Transaction, the closing price of NovaCopper common shares was $0.52 per share.
Dr. Kaplan is the sole shareholder of Tigris.
Global Holdings owns all of the limited partnership interests of Electrum Strategic Resources L.P. ("Electrum Strategic") and all of the equity interests of Electrum Strategic Management LLC, the general partner of Electrum Strategic. TEG Global GP Ltd. ("Global GP") is the sole general partner of, and The Electrum Group LLC ("TEG Services") is the investment adviser to, Global Holdings. Global GP is principally owned and controlled, indirectly, by GRAT Holdings LLC ("GRAT Holdings"). GRAT Holdings is owned by trusts for the benefit of family members of Dr. Kaplan.
In accordance with Instruction 4(b)(iv) to Form 4, the entire amount of the Issuer's securities held by Tigris, Global Holdings, GRAT Holdings and Electrum Strategic is reported herein. For purposes of Section 16 of the Securities Exchange Act of 1934, each reporting person disclaims beneficial ownership of any such securities, except to the extent of his/its indirect pecuniary interest therein, if any, and this report shall not be deemed an admission that such reporting person is the beneficial owner of such securities for purposes of Section 16 or otherwise.
As previously reported, the Dr. Kaplan holds an aggregate of 112,728.223 Deferred Share Units ("DSUs") awarded to him by the Issuer. Each DSU is the economic equivalent of one common share of the issuer. The DSUs vested immediately upon issuance; however, the underlying common shares were not issued to the reporting person, and the reporting person did not have any voting or dispositive rights with respect to the underlying common shares, until termination of the reporting person's service as a director of the Issuer. Dr. Kaplan ceased to serve as a director of the Issuer on June 19, 2015 and may elect to convert his DSUs into an aggregate of 112,728 of the Issuer's ordinary shares. The DSU grants will expire no later than 90 days after Dr. Kaplan's termination date.