DAVID UNDERWOOD - 03 Mar 2022 Form 4 Insider Report for SILVER BULL RESOURCES, INC. (SVBL)

Role
Director
Signature
/s/ David Underwood
Issuer symbol
SVBL
Transactions as of
03 Mar 2022
Net transactions value
$0
Form type
4
Filing time
25 Mar 2022, 17:03:34 UTC
Next filing
30 Jan 2024
SEC
View on sec.gov

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 SVBL Stock Option (Right to Buy) Award $0 +150,000 $0.000000 150,000 03 Mar 2022 Common Stock 150,000 $0.2520 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Options were priced in CDN$ at CDN$0.32. Exercise price shown is in USD$ and was converted based on the foreign currency exchange rate as of March 3, 2022 (CDN$1.00=US$0.7883).
F2 This option to purchase common stock vests in three (3) annual installments of 50,000 each. The first installment vests on the date of grant, the second installment vests on March 3, 2023, and the third installment vests on March 3, 2024.