Mark A. Smith - Nov 28, 2022 Form 4 Insider Report for NIOCORP DEVELOPMENTS LTD (NIOBW)

Role
President & CEO, Director
Signature
/s/ Mark A. Smith
Stock symbol
NIOBW
Transactions as of
Nov 28, 2022
Transactions value $
$2
Form type
4
Date filed
11/29/2022, 04:23 PM
Previous filing
Mar 3, 2022
Next filing
Mar 28, 2023
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 $263K +750K +3.83% $0.35 20.3M Nov 28, 2022 Direct F1
transaction NIOBW Common Shares Tax liability -$264K -301K -1.48% $0.87 20M Nov 28, 2022 Direct F2
transaction NIOBW Common Shares Options Exercise $303K +750K +3.75% $0.40 20.8M Nov 28, 2022 Direct F3
transaction NIOBW Common Shares Tax liability -$303K -346K -1.67% $0.87 20.4M Nov 28, 2022 Direct F2

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 Director Stock Option (right to buy) Options Exercise $0 -750K -100% $0.00* 0 Nov 28, 2022 Common Shares 750K $0.35 Direct F1, F4
transaction NIOBW Director Stock Option (right to buy) Options Exercise $0 -750K -100% $0.00* 0 Nov 28, 2022 Common Shares 750K $0.40 Direct F3, F5
* 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$0.47 using an exchange rate of C$1.3377 = US$1.00 as reported by the Bank of Canada on November 25, 2022.
F2 Sale 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 November 25, 2022 of C$1.17, which was converted using an exchange rate of C$1.3377 = US$1.00 as reported by the Bank of Canada on November 25, 2022.
F3 Option exercise price reflected was converted from Canadian exercise price of C$0.54 using an exchange rate of C$1.3377 = US$1.00 as reported by the Bank of Canada on November 25, 2022.
F4 The option, representing a right to purchase a total of 750,000 Common Shares, became exercisable on the issuance date of November 9, 2017.
F5 The option, representing a right to purchase a total of 750,000 Common Shares, became exercisable in installments as follows: 50% on May 15, 2019; 25% on November 15, 2019; and 25% on May 15, 2020.