Filing Details

Accession Number:
0001214659-16-015183
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-12-05 15:29:45
Reporting Period:
2016-12-01
Filing Date:
2016-12-05
Accepted Time:
2016-12-05 15:29:45
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1173420 Novagold Resources Inc NG Gold And Silver Ores (1040) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1515674 A. David Ottewell C/O Novagold Resources Inc.
201 South Main Street, Suite 400
Salt Lake City UT 84111
Vice President & Cfo No No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Shares Acquisiton 2016-12-01 23,537 $0.00 584,598 No 4 M Direct
Common Shares Disposition 2016-12-02 100,809 $4.58 483,789 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Shares Common Shares Acquisiton 2016-12-01 373,000 $0.00 373,000 $4.58
Common Shares Common Shares Acquisiton 2016-12-01 130,300 $0.00 130,300 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
373,000 2021-11-30 No 4 A Direct
130,300 No 4 A Direct
Footnotes
  1. The December 1, 2014 grant totaling 181,050 Performance Share Units (PSUs), which were subject to performance criteria set by the board of directors of the Issuer, was previously voluntarily reported on Form 4. On December 1, 2016, the performance criteria were deemed to have been met with respect to the grant at 113% of the original grant amount, increasing the award to 204,587 common shares, which were issued to the reporting person on December 1, 2016.
  2. The options vest as follows: 1/3 on 12/1/2016; 1/3 on 12/1/2017; and 1/3 on 12/1/2018.
  3. Represents a grant of Performance Share Units ("PSUs") made pursuant to the Issuer's 2009 Performance Share Unit Plan, as amended ("PSU Plan") which are subject to performance criteria set by the board of directors of the Issuer. The PSUs may convert into common shares of the Issuer or the cash value thereof anywhere between 0% and 150% of the PSU grant amount depending upon actual performance against the performance criteria. The anticipated vesting date is December 1, 2018. The common shares underlying vested PSUs or the cash value thereof, as determined by the Issuer, will be paid to the reporting person, net of applicable tax at the option of the Issuer, as soon as practicable following the vesting date. The reporting person shall not have any voting or dispositive rights with respect to the underlying common shares of the PSUs until the performance criteria has been met and, at the option of the Issuer, the underlying common shares have been issued to the reporting person.