David W Peat Form 3 Sunshine Silver Mining & Refining / DAVID W PEAT ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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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1. Name and Address of Reporting Person^*

PEAT DAVID W

(Last) (First) (Middle)

C/O GATOS SILVER, INC.

8400 E. CRESCENT PARKWAY, SUITE 600

(Street)

GREENWOOD VILLAGE CO 80111

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
10/27/2020

3. Issuer Name and Ticker or Trading Symbol
Sunshine Silver Mining & Refining Corp [ GATO ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock(1)	86,732	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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: 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
Employee Stock Option (Right to Buy)	(2)	10/30/2022	Common Stock	14,304	13.83	D
Employee Stock Option (Right to Buy)	(3)	02/16/2023	Common Stock	14,304	13.83	D
Employee Stock Option (Right to Buy)	(4)	02/08/2025	Common Stock	20,000	3.5	D
Employee Stock Option (Right to Buy)	(5)	12/23/2025	Common Stock	31,569	3.5	D
Employee Stock Option (Right to Buy)	(6)	12/15/2026	Common Stock	30,000	4.5	D
Employee Stock Option (Right to Buy)	(7)	12/05/2027	Common Stock	31,000	4.5	D
Employee Stock Option (Right to Buy)	(8)	05/03/2029	Common Stock	31,000	6	D
Employee Stock Option (Right to Buy)	(9)	01/20/2030	Common Stock	11,667	6	D
Employee Stock Option (Right to Buy)	(10)	01/20/2030	Common Stock	46,500	6	D

Explanation of Responses:

1. Includes 75,378 director share units which were fully vested on the date of grant, each representing a right to receive one share of common stock.

2. These options were granted on October 30, 2012 and are fully vested.

3. These options were granted on February 16, 2013 and are fully vested

4. These options were granted on February 8, 2015 and are fully vested.

5. These options were granted on December 23, 2015 and are fully vested.

6. These options were granted on August 31, 2017 and are fully vested.

7. These options were granted on December 6, 2017 and are fully vested.

8. These options were granted on May 3, 2019 and are fully vested.

9. These options were granted on January 20, 2020 and are fully vested.

10. These options were granted on January 20, 2020 and vest in eighteen equal monthly installments.

	/s/ Roger Johnson as Attorney-in Fact, for David Peat	10/27/2020
	** 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 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).
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