Neal S. Shah - Mar 7, 2022 Form 4 Insider Report for NIOCORP DEVELOPMENTS LTD (NIOBW)

Role
Chief Financial Officer
Signature
/s/ Neal S. Shah
Stock symbol
NIOBW
Transactions as of
Mar 7, 2022
Transactions value $
$0
Form type
4
Date filed
3/8/2022, 03:54 PM
Previous filing
Dec 17, 2021
Next filing
Mar 25, 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NIOBW Common Shares Options Exercise $117K +196K +61.16% $0.60 515K Mar 7, 2022 Direct F1, F2
transaction NIOBW Common Shares Tax liability -$117K -140K -27.21% $0.83 375K Mar 7, 2022 Direct F3

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 NIOBW Employee Stock Option (right to buy) Options Exercise $0 -196K -48.88% $0.00 205K Mar 7, 2022 Common Shares 196K $0.60 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Option exercise price reflected was converted from Canadian exercise price of C$0.76 using an exchange rate of C$1.2750 = US$1.00 as reported by the Bank of Canada on March 4, 2022.
F2 Includes 60 common shares that were erroneously reported as disposed of by the Reporting Person on the Reporting Person's Form 4 filed on March 12, 2021.
F3 Price of common shares withheld in satisfaction of option exercise price is based on the closing price of the common shares on the Toronto Stock Exchange on March 4, 2022 of C$1.06, which was converted using an exchange rate of C$1.2750 = US$1.00 as reported by the Bank of Canada on March 4, 2022.
F4 The option, representing a right to purchase a total of 400,000 Common Shares, became exercisable in installments as follows: 50% on September 2, 2017; 25% March 6, 2018; and the remaining balance on September 2, 2018.