1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Restricted stock units
|
Â
(1)
|
Â
(1)
|
Common Stock
|
20,000
|
$
(2)
|
D
|
Â
|
Stock appreciation rights
|
Â
(3)
|
Â
(4)
|
Common Stock
|
1,698
|
$
4.22
|
D
|
Â
|
Stock appreciation rights
|
Â
(5)
|
Â
(6)
|
Common Stock
|
1,545
|
$
5.49
|
D
|
Â
|
Stock appreciation rights
|
Â
(7)
|
Â
(8)
|
Common Stock
|
3,857
|
$
3.28
|
D
|
Â
|
Stock appreciation rights
|
Â
(9)
|
Â
(10)
|
Common Stock
|
2,834
|
$
3.72
|
D
|
Â
|
Stock appreciation rights
|
Â
(11)
|
Â
(12)
|
Common Stock
|
2,834
|
$
1.15
|
D
|
Â
|
* |
If the form is filed by more than one reporting person, see Instruction 5(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) |
The restricted stock units vest on the earliest to occur of (i) a financing plan for the Mt. Hope Project approved by the issuer's board of directors; (ii) a Change of Control (as defined in the reporting person's employment agreement with the issuer); (iii) involuntary termination (absent cause); or (iv) January 16, 2018. Vested shares will be delivered to the reporting person within sixty (60) days, except as otherwise required by Section 409A of the Internal Revenue Code of 1986, as amended. |
(2) |
Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock. |
(3) |
The SARs vest half on May 13, 2012 and half on May 13, 2013. |
(4) |
The SARs expire half on May 13, 2017 and half on May 13, 2018. |
(5) |
The SARs vest half on December 16, 2012 and half on December 16, 2013. |
(6) |
The SARs expire half on December 16, 2017 and half on December 16, 2018. |
(7) |
The SARs vest one-third on December 15, 2012, one-third on December 15, 2013 and one-third on December 15, 2014. |
(8) |
The SARs expire one-third on December 16, 2017, one-third on December 16, 2018 and one-third on December 16, 2019. |
(9) |
The SARs vest one-third on December 12, 2013, one-third on December 12, 2014 and one-third on December 12, 2015. |
(10) |
The SARs expire one-third on December 12, 2018, one-third on December 12, 2019 and one-third on December 12, 2020. |
(11) |
The SARs vest one-third on December 11, 2014, one-third on December 11, 2015 and one-third on December 11, 2016. |
(12) |
The SARs expire one-third on December 11, 2019, one-third on December 11, 2020 and one-third on December 11, 2021. |