Filing Details
- Accession Number:
- 0001214659-16-015183
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2016-12-05 15:29:45
- Reporting Period:
- 2016-12-01
- Filing Date:
- 2016-12-05
- Accepted Time:
- 2016-12-05 15:29:45
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1173420 | Novagold Resources Inc | NG | Gold And Silver Ores (1040) | 000000000 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1515674 | A. David Ottewell | C/O Novagold Resources Inc. 201 South Main Street, Suite 400 Salt Lake City UT 84111 | Vice President & Cfo | No | No | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Shares | Acquisiton | 2016-12-01 | 23,537 | $0.00 | 584,598 | No | 4 | M | Direct | |
| Common Shares | Disposition | 2016-12-02 | 100,809 | $4.58 | 483,789 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Shares | Common Shares | Acquisiton | 2016-12-01 | 373,000 | $0.00 | 373,000 | $4.58 |
| Common Shares | Common Shares | Acquisiton | 2016-12-01 | 130,300 | $0.00 | 130,300 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 373,000 | 2021-11-30 | No | 4 | A | Direct | |
| 130,300 | No | 4 | A | Direct |
Footnotes
- The December 1, 2014 grant totaling 181,050 Performance Share Units (PSUs), which were subject to performance criteria set by the board of directors of the Issuer, was previously voluntarily reported on Form 4. On December 1, 2016, the performance criteria were deemed to have been met with respect to the grant at 113% of the original grant amount, increasing the award to 204,587 common shares, which were issued to the reporting person on December 1, 2016.
- The options vest as follows: 1/3 on 12/1/2016; 1/3 on 12/1/2017; and 1/3 on 12/1/2018.
- Represents a grant of Performance Share Units ("PSUs") made pursuant to the Issuer's 2009 Performance Share Unit Plan, as amended ("PSU Plan") which are subject to performance criteria set by the board of directors of the Issuer. The PSUs may convert into common shares of the Issuer or the cash value thereof anywhere between 0% and 150% of the PSU grant amount depending upon actual performance against the performance criteria. The anticipated vesting date is December 1, 2018. The common shares underlying vested PSUs or the cash value thereof, as determined by the Issuer, will be paid to the reporting person, net of applicable tax at the option of the Issuer, as soon as practicable following the vesting date. The reporting person shall not have any voting or dispositive rights with respect to the underlying common shares of the PSUs until the performance criteria has been met and, at the option of the Issuer, the underlying common shares have been issued to the reporting person.
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