Randall J. Scott - 17 Nov 2021 Form 4 Insider Report for RARE ELEMENT RESOURCES LTD (REEMF)

Role
President and CEO, Director
Signature
/s/ Randall J. Scott
Issuer symbol
REEMF
Transactions as of
17 Nov 2021
Transactions value $
$-167,755
Form type
4
Filing time
19 Nov 2021, 15:08:19 UTC
Previous filing
17 Nov 2021
Next filing
22 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction REEMF Common Shares Options Exercise $2,000 +50,000 +357% $0.0400* 64,001 17 Nov 2021 Direct
transaction REEMF Common Shares Sale $-62,880 -50,000 -78.1% $1.26 14,001 17 Nov 2021 Direct F1
transaction REEMF Common Shares Options Exercise $2,000 +50,000 +357% $0.0400* 64,001 17 Nov 2021 Direct
transaction REEMF Common Shares Sale $-57,040 -50,000 -78.1% $1.14 14,001 17 Nov 2021 Direct F2
transaction REEMF Common Shares Options Exercise $2,000 +50,000 +357% $0.0400* 64,001 18 Nov 2021 Direct
transaction REEMF Common Shares Sale $-53,835 -50,000 -78.1% $1.08 14,001 18 Nov 2021 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 REEMF Stock Option (Right to Buy) Options Exercise $0 -50,000 -100% $0.000000* 0 17 Nov 2021 Common Shares 50,000 $0.0400 Direct F4
transaction REEMF Stock Option (Right to Buy) Options Exercise $0 -50,000 -25% $0.000000 150,000 17 Nov 2021 Common Shares 50,000 $0.0400 Direct F5
transaction REEMF Stock Option (Right to Buy) Options Exercise $0 -50,000 -33.3% $0.000000 100,000 18 Nov 2021 Common Shares 50,000 $0.0400 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.15 to $1.31, inclusive. The Reporting Person undertakes to provide to Rare Element Resources Ltd. ("Rare Element"), any security holder of Rare Element, or the staff of the Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares sold at each separate price within the range set forth in this Footnote 1 to this Form 4.
F2 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.13 to $1.20, inclusive. The Reporting Person undertakes to provide to Rare Element, any security holder of Rare Element, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this Footnote 2 to this Form 4.
F3 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.05 to $1.16, inclusive. The Reporting Person undertakes to provide to Rare Element, any security holder of Rare Element, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this Footnote 3 to this Form 4.
F4 The option vested and became exercisable as follows: 25,000 on 12/13/2016, 12,500 on 3/31/2017, and 12,500 on 6/30/2017.
F5 The option vested and became exercisable as follows: 100,000 on 3/31/2017 and 100,000 on 6/30/2017.