12/11/2024 | Press release | Distributed by Public on 12/11/2024 17:09
FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Employee Stock Option (Right to Buy) | $15.34 | 12/09/2024 | A | 18,621 | (1) | 12/09/2034 | Common Stock | 18,621 | $ 0 | 18,621 | D | ||||
Restricted Stock Units | (2) | 12/09/2024 | A | 10,952 | (3) | (3) | Common Stock | 10,952 | $ 0 | 10,952 | D | ||||
Restricted Stock Units | (2) | (4) | (4) | Common Stock | 32,221 | 32,221 | D | ||||||||
Restricted Stock Units | (2) | (5) | (5) | Common Stock | 19,219 | 19,219 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Huerta Luis Felipe C/O GATOS SILVER, INC. 925 WEST GEORGIA STREET - SUITE 910 VANCOUVER, A1 V3X 3L4 |
Vice President, Mexico |
/s/ Stephen Bodley as Attorney-in-Fact for Luis Felipe Huerta | 12/11/2024 |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | These options were granted on December 9, 2024. These options shall vest in three equal tranches on each of December 9, 2025, December 9, 2026 and December 9, 2027. |
(2) | Each restricted stock unit ("RSUs") represents a contingent right to receive one share of the issuer's common stock, an equivalent amount of cash, or a combination thereof upon vesting. |
(3) | These RSUs will vest on December 9, 2027. |
(4) | On September 11, 2023, the reporting person was granted a total of 32,221 RSUs, which vest on November 30, 2025. Such RSUs were previously reported in Table I of Form 4 by the reporting person. See Remarks below for additional information. |
(5) | On January 15, 2024, the reporting person was granted a total of 19,219 RSUs, which vest on December 31, 2026. Such RSUs were previously reported in Table I of Form 4 by the reporting person. See Remarks below for additional information. |
Remarks: Effective December 9, 2024, the issuer and the reporting person executed an amendment to the RSUs previously granted to the reporting person whereby the reporting person's outstanding RSUs may, in addition to being settled in shares of the issuer common stock, be settled in an equivalent amount of cash, or a combination of cash and shares. Accordingly, beginning with this Form 4, the reporting person's outstanding RSUs that were previously reported in Table I of Form 4 as common stock equivalents are now reported in Table II of Form 4 as derivative securities. |