Statement of Changes in Beneficial Ownership (4)
September 13 2021 - 4:27PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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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
*
Barry Timothy T. |
2. Issuer Name and Ticker or Trading Symbol
SILVER BULL RESOURCES, INC.
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SVBL
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President and CEO |
(Last)
(First)
(Middle)
C/O SILVER BULL RESOURCES, INC., 777 DUNSMUIR STREET, SUITE 1610 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
9/9/2021 |
(Street)
VANCOUVER BC, A1 V7Y1K4
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 9/10/2021 | | M | | 143750 | A | $0.75 | 336247 | D | |
Common Stock | 9/10/2021 | | F | | 111434 | D | $1.02 (1) | 224813 | D | |
Common Stock | 9/10/2021 | | M | | 250000 | A | $0.80 | 474813 | D | |
Common Stock | 9/10/2021 | | F | | 201550 | D | $1.02 (1) | 273263 | D | |
Common Stock | | | | | | | | 319000 (2) | I | By spouse |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. 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 | 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 of Derivative Security: 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 Option (Right to Buy) | $0.75 (3)(4) | 9/9/2021 | | M | | | 143750 (3) | (5) | 4/5/2022 | Common Stock | 143750 (3) | $0 | 0 | D | |
Stock Option (Right to Buy) | $0.80 (3)(6) | 9/9/2021 | | M | | | 250000 (3) | (7) | 9/18/2023 | Common Stock | 250000 (3) | $0 | 0 | D | |
Explanation of Responses: |
(1) | Price shown is in US$ and was converted based on the foreign currency exchange rate as of September 9, 2021 (CDN$1.00=US$0.7886). |
(2) | The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose. |
(3) | The exercise price or share amount was adjusted to reflect the one-for-eight reverse stock split of the shares of SVBL common stock completed on September 18, 2020. |
(4) | This option to purchase common stock was priced in CDN$ at CDN$0.125 (pre-reverse stock split). Exercise price shown is in US$ and was converted based on the foreign currency exchange rate as of April 6, 2017 (CDN$1.00=US$0.7458). |
(5) | This option to purchase common stock vested in three (3) annual installments of 47,916, 47,917 and 47,917. The first installment vested on April 6, 2017, the second installment vested on April 6, 2018, and the third installment vested on April 6, 2019. |
(6) | This option to purchase common stock was priced in CDN$ at CDN$0.130 (pre-reverse stock split). Exercise price shown is in US$ and was converted based on the foreign currency exchange rate as of September 19, 2018 (CDN$1.00=US$0.7721). |
(7) | This option to purchase common stock vested in three (3) annual installments of 83,333, 83,333 and 83,334. The first installment vested on September 19, 2018, the second installment vested on September 19, 2019, and the third installment vested on September 19, 2020. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Barry Timothy T. C/O SILVER BULL RESOURCES, INC. 777 DUNSMUIR STREET, SUITE 1610 VANCOUVER BC, A1 V7Y1K4 | X |
| President and CEO |
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Signatures
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/s/ Timothy T. Barry | | 9/13/2021 |
**Signature of Reporting Person | Date |
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