Western Uranium & Vanadium (WSTRF) Form 4 Western Uranium / Russell S. Fryer ownership change

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^*

Fryer Russell S.

(Last) (First) (Middle)

3 GREENWICH OFFICE PARK, SUITE 102

(Street)

GREENWICH CT 06831

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Western Uranium Corp [ WSTRF ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
02/07/2017

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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 SHARES	02/07/2017		S		7,789	D	$1.6985	4,068,670	I	Please see footnote.(1)
COMMON SHARES	02/09/2017		S		1,000	D	$1.93	4,067,670	I	Please see footnote.(1)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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 OPTIONS	$1.8983							(2)	10/04/2021	COMMON SHARES	150,000		150,000	D

1. Name and Address of Reporting Person^*

Fryer Russell S.

(Last) (First) (Middle)

3 GREENWICH OFFICE PARK, SUITE 102

(Street)

GREENWICH CT 06831

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Baobab Asset Management LLC

(Last) (First) (Middle)

3 GREENWICH OFFICE PARK, SUITE 102

(Street)

GREENWICH CT 06831

(City) (State) (Zip)

Explanation of Responses:

1. Disposed securities are directly held by Baobab Asset Management LLC. Mr. Fryer manages and owns 100% of Baobab Asset Management LLC.

2. Vesting: 1/3 on grant, 1/3 on October 31, 2016 and 1/3 on March 31, 2017.

	/s/ Russell Fryer	02/09/2017
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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