Form 4 for NG NOVAGOLD RESOURCES INC
Accepted 2021-12-01 00:00:00 ET · period of report 2021-12-01 · accession 0001214659-21-012470 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2021-12-01 | 2021-12-01 | NG | VP, CFO | F - Tax | $6.75 | -55.3K | 784.0K | -7% | -$373.1K | |
| D | 2021-12-01 | 2021-12-01 | NG | VP, CFO | M - OptEx | $0.00 | +124.6K | 839.3K | +17% | $0 | |
| D | 2021-12-01 | 2021-12-01 | NG | VP, CFO | M - OptEx | $0.00 | -134.0K | 0 | -100% | $0 | |
| DM | 2021-12-01 | 2021-12-01 | NG | VP, CFO | A - Grant | $0.00 | +295.9K | 215.7K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Shares | 2021-12-01 | F | D | 55,269 | $6.75 | 784,012 | D | — | — | |
| 2 | Common | Common Shares | 2021-12-01 | M | A | 124,620 | $0.00 | 839,281 | D | — | — | (F1) The December 1, 2018 grant totaling 134,000 Performance Share Units (PSUs), which were subject to performance criteria set by the board of directors of the Issuer, was previously voluntarily reported on Form 4 on December 1, 2018. On December 1, 2021, the performance criteria were deemed to have been met with respect to the grant at 93% of the original grant amount, decreasing the award to a total of 124,620 common shares. |
| 3 | Derivative | Performance Share Units ("PSUs") | 2021-12-01 | M | D | 134,000 | $0.00 | 0 | D | $0.00 · — to — | 134,000 Common Shares | (F1) The December 1, 2018 grant totaling 134,000 Performance Share Units (PSUs), which were subject to performance criteria set by the board of directors of the Issuer, was previously voluntarily reported on Form 4 on December 1, 2018. On December 1, 2021, the performance criteria were deemed to have been met with respect to the grant at 93% of the original grant amount, decreasing the award to a total of 124,620 common shares. |
| 4 | Derivative | Performance Share Units ("PSUs") | 2021-12-01 | A | A | 80,200 | $0.00 | 80,200 | D | $0.00 · — to — | 80,200 Common Shares | (F3) Represents a grant of Performance Share Units ("PSUs") made pursuant to the Issuer's 2009 Performance Share Unit Plan, as amended ("PSU Plan") which are subject to performance criteria set by the board of directors of the Issuer. The PSUs may convert into common shares of the Issuer or the cash value thereof anywhere between 0% and 150% of the PSU grant amount depending upon actual performance against the performance criteria. The anticipated vesting date is December 1, 2024. The common shares underlying vested PSUs or the cash value thereof, as determined by the Issuer, will be paid to the reporting person, net of applicable tax at the option of the Issuer, as soon as practicable following the vesting date. The reporting person shall not have any voting or dispositive rights with respect to the underlying common shares of the PSUs until the performance criteria has been met and, at the option of the Issuer, the underlying common shares have been issued to the reporting person. |
| 5 | Derivative | Stock Option (right to buy) | 2021-12-01 | A | A | 215,700 | $0.00 | 215,700 | D | $6.75 · — to 2026-11-30 | 215,700 Common Shares | (F2) The options vest as follows: 1/3 on 12/1/2022; 1/3 on 12/1/2023; and 1/3 on 12/1/2024. |