Niocorp Developments Ltd (NB)

[DoctorWorm]

Your reload is generally right. I didn’t look through them all but I’m sure they are the same. Sims and Guerrero were the top ones on Edgar so that’s what I looked at. The Sims filing is the clearest. He bought 300k shares at .35 from his options and subsequently “sold” 165k exercised options back to the company at .64 to pay for it. Easy way for him to convert options to shares with nothing out of pocket.

Guerrero was awarded 300k options at the price last week, exercised 30k via a reload, and converted 30k of old options to common shares.

Only thing I’m a bit unsure of is that the employees conversion was cash neutral while the non-employees was beneficial ownership neutral, but that’s likely all part of the comp plans.

All this a long winded way to say don’t read much into it. All part of the game. Employees, directors acting in their best interest based on compensation they were given. Proxy will prolly provide a bit more clarity.