Randall J. Scott - 02 Dec 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
02 Dec 2021
Transactions value $
$-195,000
Form type
4
Filing time
03 Dec 2021, 15:29:14 UTC
Previous filing
22 Nov 2021
Next filing
07 Jan 2022
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 $62,500 +250,000 +1786% $0.2500 264,001 02 Dec 2021 Direct
transaction REEMF Common Shares Sale $-257,500 -250,000 -94.7% $1.03 14,001 02 Dec 2021 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
transaction REEMF Stock Option (Right to Buy) Options Exercise $0 -250,000 -100% $0.000000* 0 02 Dec 2021 Common Shares 250,000 $0.2500 Direct F2
* 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 $1.00 to $1.24, 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, 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 option vested and became exercisable as follows: 125,000 on 11/17/2018 and 125,000 on 11/17/2019.