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Filing Details

Accession Number:: 0001140361-12-041636
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2012-09-26 19:57:58
Reporting Period:: 2012-09-24

Filing Date:: 2012-09-26
Accepted Time:: 2012-09-26 18:57:58
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1419806	Rare Element Resources Ltd	REE	Gold And Silver Ores (1040)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1343721	E Donald Ranta	225 Union Blvd. Suite 250 Lakewood CO 80228		Yes	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Shares	Disposition	2012-09-24	20,000	$5.00	264,500	No	4	S	Direct
Common Shares	Disposition	2012-09-25	30,000	$4.80	234,500	No	4	S	Direct
Common Shares	Acquisiton	2012-09-26	250,000	$1.01	484,500	No	4	M	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	S	Direct
No	4	S	Direct
No	4	M	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Shares	Employee Stock Option (Right to Buy)	Disposition	2012-09-26	250,000	$0.00	250,000	$1.01

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2007-10-01	2012-10-01	No	4	M	Direct

Footnotes

The weighted average sale price was CDN$4.9307, which has been converted to the US Dollar equivalent using the exchange rate on the date of the transaction which was 1.022.
This transaction was executed in multiple trades at prices ranging from CDN$4.92 to $4.95. The price reported above is the weighted average sale price of such trades. The reporting person hereby undertakes to provide to the SEC staff, the issuer or a security holder of the issuer upon request, full information regarding the number of shares and the prices at which each transaction was effected.
The weighted average sale price was CDN$4.7296, which has been converted to the US Dollar equivalent using the exchange rate on the date of the transaction which was 1.019.
This transaction was executed in multiple trades at prices ranging from CDN$4.65 to $4.80. The price reported above is the weighted average sale price of such trades. The reporting person hereby undertakes to provide to the SEC staff, the issuer or a security holder of the issuer upon request, full information regarding the number of shares and the prices at which each transaction was effected.
The original exercise price of the grant was CDN$1.00, which has been converted to the US Dollar equivalent using the exchange rate on the date of the transaction which was 1.0149.
(6) Options vested as follows: 20% of the options vested 4 months from 10/01/2009 ("Grant Date"); 20% of the options vested 8 months from Grant Date; 20% of the options vested 12 months from Grant Date; 20% of options vested 15 months from Grant Date; 20% of the options vested 18 months from Grant Date.