SEC Form 4
FORM 4 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
| 2. Issuer Name and Ticker or Trading Symbol SILVER BULL RESOURCES, INC. [ SVBL ] | 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
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3. Date of Earliest Transaction (Month/Day/Year) 09/09/2021 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed (Month/Day/Year) | 6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 09/10/2021 | M | 137,500 | A | $0.75 | 905,664 | D | |||
Common Stock | 09/10/2021 | F | 106,589 | D | $1.02(1) | 799,075 | D | |||
Common Stock | 09/10/2021 | M | 237,500 | A | $0.8 | 1,036,575 | D | |||
Common Stock | 09/10/2021 | F | 191,473 | D | $1.02(1) | 845,102 | D | |||
Common Stock | 249,602 | I | By Tortuga Investments Corp. | |||||||
Common Stock | 425,000(2) | I | By 0893306 B.C. Ltd. |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock Option (Right to Buy) | $0.75(3)(4) | 09/09/2021 | M | 137,500(3) | (5) | 04/05/2022 | Common Stock | 137,500(3) | $0 | 0 | D | ||||
Stock Option (Right bo Buy) | $0.8(3)(6) | 09/09/2021 | M | 237,500(3) | (7) | 09/18/2023 | Common Stock | 237,500(3) | $0 | 0 | D |
Explanation of Responses: |
1. Price shown is in US$ and was converted based on the foreign currency exchange rate as of September 9, 2021 (CDN$1.00=US$0.7886). |
2. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose. |
3. The exercise price or share amount was adjusted to reflect the one-for-eight reverse stock split of the shares of SVBL common stock completed on September 18, 2020. |
4. This option to purchase common stock was priced in CDN$ at CDN$0.125 (pre-reverse stock split). Exercise price shown is in US$ and was converted based on the foreign currency exchange rate as of April 6, 2017 (CDN$1.00=US$0.7458). |
5. This option to purchase common stock vested in three (3) annual installments of 45,833, 45,833 and 45,834. The first installment vested on April 6, 2017, the second installment vested on April 6, 2018, and the third installment vested on April 6, 2019. |
6. This option to purchase common stock was priced in CDN$ at CDN$0.130 (pre-reverse stock split). Exercise price shown is in US$ and was converted based on the foreign currency exchange rate as of September 19, 2018 (CDN$1.00=US$0.7721). |
7. This option to purchase common stock vested in three (3) annual installments of 79,166, 79,167 and 79,167. The first installment vested on September 19, 2018, the second installment vested on September 19, 2019, and the third installment vested on September 19, 2020. |
/s/ Brian D. Edgar | 09/13/2021 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* 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). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
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 Number. |