Neal S. Shah - Aug 11, 2023 Form 5 Insider Report for NIOCORP DEVELOPMENTS LTD (NB)

Role
Chief Financial Officer
Signature
/s/ Neal S. Shah
Stock symbol
NB
Transactions as of
Aug 11, 2023
Transactions value $
$0
Form type
5
Date filed
8/11/2023, 05:49 PM
Previous filing
Mar 28, 2023
Next filing
Nov 17, 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding NB Common Shares 55K Aug 11, 2023 Direct F1

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
holding NB Employee Stock Option (right to buy) 30K Aug 11, 2023 Common Shares 30K $10.14 Direct F2, F3
holding NB Employee Stock Option (right to buy) 25K Aug 11, 2023 Common Shares 25K $5.59 Direct F2, F4
holding NB Employee Stock Option (right to buy) 35K Aug 11, 2023 Common Shares 35K $4.03 Direct F2, F5, F6
holding NB Employee Stock Option (right to buy) 40K Aug 11, 2023 Common Shares 40K $6.95 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 17, 2023, the Issuer effected a 1-for-10 reverse stock split (the "Reverse Stock Split") of its common shares, without par value ("Common Shares"), with any fractional shares resulting from the Reverse Stock Split rounded down to the nearest whole share, resulting in a decrease in the Reporting Person's ownership by 495,000 Common Shares.
F2 This option has been adjusted to reflect the Reverse Stock Split (in prior reports, this option was previously reported as covering a number of shares equal to this reported amount times 10 (and at an exercise price equal to this reported exercise price divided by 10)).
F3 Option exercise price was converted from Canadian exercise price of C$13.60 using an exchange rate of C$1.3409=US$1.00 as reported by the Bank of Canada on August 10, 2023.
F4 Option exercise price was converted from Canadian exercise price of C$7.50 using an exchange rate of C$1.3409=US$1.00 as reported by the Bank of Canada on August 10, 2023.
F5 Option exercise price was converted from Canadian exercise price of C$5.40 using an exchange rate of C$1.3409=US$1.00 as reported by the Bank of Canada on August 10, 2023.
F6 This option was fully vested as of 05/15/2020.