FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 03/26/2015 |
3. Issuer Name and Ticker or Trading Symbol
INTERNATIONAL TOWER HILL MINES LTD [ THM ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 212,000 | D |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Stock Option (right to buy) | 08/24/2012 | 08/24/2017 | Common Stock | 200,000 | $3.2(1) | D | |
Stock Option (right to buy) | 03/14/2013 | 03/14/2018 | Common Stock | 50,000 | $2.12(2) | D | |
Stock Option (right to buy) | (3) | 02/25/2022 | Common Stock | 330,000 | $1(4) | D | |
Stock Option (right to buy) | (5) | 03/16/2023 | Common Stock | 400,000 | $0.78(6) | D |
Explanation of Responses: |
1. The exercise price was converted from CAD3.17 based on the August 24, 2012 noon rate as quoted by the Bank of Canada to USD3.20. The exercise price is the actual Canadian dollar amount regardless of the exchange rate on the date of exercise. |
2. The exercise price was converted from CAD2.18 based on the March 14, 2013 noon rate as quoted by the Bank of Canada to USD2.12. The exercise price is the actual Canadian dollar amount regardless of the exchange rate on the date of exercise. |
3. Options were granted on February 25, 2014 and vest as follows: one-third on the grant date, one-third on February 25, 2015 and one-third on February 25, 2016. |
4. The exercise price was converted from CAD1.11 based on the February 25, 2014 noon rate as quoted by the Bank of Canada to USD1.00. The exercise price is the actual Canadian dollar amount regardless of the exchange rate on the date of exercise. |
5. Options were granted on March 16, 2015 and vest as follows: one-third on the grant date, one-third on March 16, 2016 and one-third on March 16, 2017. |
6. The exercise price was converted from CAD1.00 based on the March 16, 2015 noon rate as quoted by the Bank of Canada to USD0.78. The exercise price is the actual Canadian dollar amount regardless of the exchange rate on the date of exercise. |
Remarks: |
Marla K. Ritchie, Attorney-in-Fact for Karl L. Hanneman | 03/27/2015 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |