FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
CONSTITUTION MINING CORP [ CMIN ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 01/20/2011 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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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) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 01/20/2011 | P | 205,000 | A | (1) | 205,000 | D | |||
Common Stock | 01/20/2011 | P | 350,000 | A | (2) | 350,000 | I | By Vittoria Finance Limited | ||
Common Stock | 01/20/2011 | P | 164,500 | A | (3) | 164,500 | I | By Witrag Management Consultants SA |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction 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 (Month/Day/Year) | 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: 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 | ||||||||
Warrant | $0.1 | 01/20/2011 | P | 205,000 | 01/20/2011 | 08/20/2011 | Common Stock | 205,000 | (1) | 205,000 | D | ||||
Warrant | $0.1 | 01/20/2011 | P | 350,000 | 01/20/2011 | 08/20/2011 | Common Stock | 350,000 | (2) | 350,000 | I | By Vittoria Finance Limited | |||
Warrant | $0.1 | 01/20/2011 | P | 164,500 | 01/20/2011 | 08/20/2011 | Common Stock | 164,500 | (3) | 164,500 | I | By Witrag Management Consultants SA | |||
Option to Buy | $1.05 | 05/10/2009 | 01/10/2018 | Common Stock | 100,000 | 100,000 | D | ||||||||
Option to Buy | $0.7 | 11/20/2009 | 05/20/2009 | Common Stock | 100,000 | 100,000 | D | ||||||||
Option to Buy | $1.1 | 07/22/2010(4) | 01/22/2020 | Common Stock | 600,000 | 600,000 | D |
Explanation of Responses: |
1. 205,000 Units were issued to the Reporting Person in exchange for the conversion and extinguishing of $20,500 in debt owed by the Issuer using the conversion price of $0.10 per Unit. Each Unit consists of one (1) share of common stock of the Company, per value $0.001 per share ("Common Stock") and one (1) warrant to purchase one (1) share of Common Stock of the Company ("Warrant"). Each Warrant is exercisable for a period of eight (8) months from the date of issuance at a price of $0.10 per share. |
2. 350,000 Units were issued to the Vittoria Finance Limited in exchange fo rthe conversion and extinguishing of $35,000 in debt owed by the Issuer using the conversion price of $0.10 per Unit. Each Unit consists of one (1) share of common stock of the Company, per value $0.001 per share ("Common Stock") and one (1) warrant to purchase one (1) share of Common Stock of the Compnay ("Warrant"). Each Warrant is exercisable for a period of eight (8) months from the date of issuance at a price of $0.10 per share. The Reporting Person is the beneficial owned of securities held by Vittoria Finance Limited. |
3. 164,500 Units were issued to the Witrag Management Consultants SA in exchange for the conversion and extinguishing of $16,450 in debt owed by the Issuer using the conversion price of $0.10 per Unit. Each Unit consists of one (1) share of common stock of the Company, per value $0.001 per share ("Common Stock") and one (1) warrant to purchase one (1) share of Common Stock of the Company ("Warrant"). Each Warrant is exercisable for a period of eight (8) months from the date of issuance at a price of $0.10 per share. The Reporting Person is the beneficial owned of securities held by Witrag Management Consultants SA. |
4. Pursuant to the Issuer's Stock Incentive Plan, the Issuer granted the Reporting Person a vesting option to acquire 600,000 shares of common stock at an exercise price of $1.10 per share; one-half (that is, with respect to 300,000 shares) vest on July 20, 2010, and the remaining half (with respect to the remaining 300,000 shares) vest on January 22, 2011. |
/s/ Alois Wiget | 01/24/2011 | |
** 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 4 (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. |