Filing Details

Accession Number:
0001567619-21-020841
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-11-19 16:08:19
Reporting Period:
2021-11-17
Accepted Time:
2021-11-19 16:08:19
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1419806 Rare Element Resources Ltd REEMF Gold And Silver Ores (1040) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1537008 John Randall Scott P.o. Box 271049
Littleton CO 80127
President And Ceo Yes Yes 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 2021-11-17 50,000 $0.04 64,001 No 4 M Direct
Common Shares Disposition 2021-11-17 50,000 $1.26 14,001 No 4 S Direct
Common Shares Acquisiton 2021-11-17 50,000 $0.04 64,001 No 4 M Direct
Common Shares Disposition 2021-11-17 50,000 $1.14 14,001 No 4 S Direct
Common Shares Acquisiton 2021-11-18 50,000 $0.04 64,001 No 4 M Direct
Common Shares Disposition 2021-11-18 50,000 $1.08 14,001 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 M Direct
No 4 S Direct
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 Stock Option (Right to Buy) Disposition 2021-11-17 50,000 $0.00 50,000 $0.04
Common Shares Stock Option (Right to Buy) Disposition 2021-11-17 50,000 $0.00 50,000 $0.04
Common Shares Stock Option (Right to Buy) Disposition 2021-11-18 50,000 $0.00 50,000 $0.04
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2021-12-13 No 4 M Direct
150,000 2021-12-29 No 4 M Direct
100,000 2021-12-29 No 4 M Direct
Footnotes
  1. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.15 to $1.31, inclusive. The Reporting Person undertakes to provide to Rare Element Resources Ltd. ("Rare Element"), any security holder of Rare Element, or the staff of the Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares sold at each separate price within the range set forth in this Footnote 1 to this Form 4.
  2. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.13 to $1.20, inclusive. The Reporting Person undertakes to provide to Rare Element, any security holder of Rare Element, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this Footnote 2 to this Form 4.
  3. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.05 to $1.16, inclusive. The Reporting Person undertakes to provide to Rare Element, any security holder of Rare Element, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this Footnote 3 to this Form 4.
  4. The option vested and became exercisable as follows: 25,000 on 12/13/2016, 12,500 on 3/31/2017, and 12,500 on 6/30/2017.
  5. The option vested and became exercisable as follows: 100,000 on 3/31/2017 and 100,000 on 6/30/2017.