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GRAT Holdings LLC 4

Accession 0001193805-16-002159

CIK 0001543418other
View on SEC.govCompany Profile

Filed

Jan 4, 7:00 PM ET

Accepted

Jan 5, 5:28 PM ET

Size

50.3 KB

Accession

0001193805-16-002159

Insider Transaction Report

Form 4
Period: 2015-12-31
NovaCopper Inc.NCQ
TEG Global GP Ltd.
10% Owner
Transactions
  • Other

    Common Shares

    2015-12-31−16,022,449→ 0 total(indirect: By Electrum Strategic Resources L.P.)
  • Other

    Warrants (right to buy)

    2015-12-31−2,760,870→ 0 total(indirect: By Electrum Strategic Resources L.P.)
    Exercise: $1.60From: 2014-07-07Exp: 2019-07-07→ Common Shares (2,760,870 underlying)
  • Other

    Common Shares

    2015-12-31−5,608,352→ 0 total(indirect: By Electrum Global Holdings L.P.)
Holdings

  • Common Shares

    (indirect: By LLC)
    833,333

  • Common Shares

    113,739

  • Common Shares

    (indirect: By Electrum Strategic Opportunities Fund L.P.)
    21,630,801

  • Common Shares

    (indirect: By Tigris Financial Group Ltd.)
    10,000

  • Warrants (right to buy)

    (indirect: By Electrum Strategic Opportunities Fund L.P.)
    Exercise: $1.60From: 2014-07-07Exp: 2019-07-07→ Common Shares (2,760,870 underlying)
    2,760,870
Electrum Group LLC
10% Owner
Transactions
  • Other

    Common Shares

    2015-12-31−5,608,352→ 0 total(indirect: By Electrum Global Holdings L.P.)
  • Other

    Common Shares

    2015-12-31−16,022,449→ 0 total(indirect: By Electrum Strategic Resources L.P.)
  • Other

    Warrants (right to buy)

    2015-12-31−2,760,870→ 0 total(indirect: By Electrum Strategic Resources L.P.)
    Exercise: $1.60From: 2014-07-07Exp: 2019-07-07→ Common Shares (2,760,870 underlying)
Holdings

  • Common Shares

    (indirect: By Tigris Financial Group Ltd.)
    10,000

  • Common Shares

    (indirect: By Electrum Strategic Opportunities Fund L.P.)
    21,630,801

  • Common Shares

    113,739

  • Common Shares

    (indirect: By LLC)
    833,333

  • Warrants (right to buy)

    (indirect: By Electrum Strategic Opportunities Fund L.P.)
    Exercise: $1.60From: 2014-07-07Exp: 2019-07-07→ Common Shares (2,760,870 underlying)
    2,760,870
KAPLAN THOMAS SCOTT
Director
Transactions
  • Other

    Common Shares

    2015-12-31−5,608,352→ 0 total(indirect: By Electrum Global Holdings L.P.)
  • Other

    Common Shares

    2015-12-31−16,022,449→ 0 total(indirect: By Electrum Strategic Resources L.P.)
  • Other

    Warrants (right to buy)

    2015-12-31−2,760,870→ 0 total(indirect: By Electrum Strategic Resources L.P.)
    Exercise: $1.60From: 2014-07-07Exp: 2019-07-07→ Common Shares (2,760,870 underlying)
Holdings

  • Warrants (right to buy)

    (indirect: By Electrum Strategic Opportunities Fund L.P.)
    Exercise: $1.60From: 2014-07-07Exp: 2019-07-07→ Common Shares (2,760,870 underlying)
    2,760,870

  • Common Shares

    (indirect: By LLC)
    833,333

  • Common Shares

    113,739

  • Common Shares

    (indirect: By Electrum Strategic Opportunities Fund L.P.)
    21,630,801

  • Common Shares

    (indirect: By Tigris Financial Group Ltd.)
    10,000
GRAT Holdings LLC
10% Owner
Transactions
  • Other

    Common Shares

    2015-12-31−16,022,449→ 0 total(indirect: By Electrum Strategic Resources L.P.)
  • Other

    Common Shares

    2015-12-31−5,608,352→ 0 total(indirect: By Electrum Global Holdings L.P.)
  • Other

    Warrants (right to buy)

    2015-12-31−2,760,870→ 0 total(indirect: By Electrum Strategic Resources L.P.)
    Exercise: $1.60From: 2014-07-07Exp: 2019-07-07→ Common Shares (2,760,870 underlying)
Holdings

  • Common Shares

    (indirect: By Electrum Strategic Opportunities Fund L.P.)
    21,630,801

  • Common Shares

    (indirect: By LLC)
    833,333

  • Warrants (right to buy)

    (indirect: By Electrum Strategic Opportunities Fund L.P.)
    Exercise: $1.60From: 2014-07-07Exp: 2019-07-07→ Common Shares (2,760,870 underlying)
    2,760,870

  • Common Shares

    (indirect: By Tigris Financial Group Ltd.)
    10,000

  • Common Shares

    113,739
Electrum Strategic Resources LLC
10% Owner
Transactions
  • Other

    Common Shares

    2015-12-31−16,022,449→ 0 total(indirect: By Electrum Strategic Resources L.P.)
  • Other

    Common Shares

    2015-12-31−5,608,352→ 0 total(indirect: By Electrum Global Holdings L.P.)
  • Other

    Warrants (right to buy)

    2015-12-31−2,760,870→ 0 total(indirect: By Electrum Strategic Resources L.P.)
    Exercise: $1.60From: 2014-07-07Exp: 2019-07-07→ Common Shares (2,760,870 underlying)
Holdings

  • Common Shares

    (indirect: By LLC)
    833,333

  • Common Shares

    (indirect: By Tigris Financial Group Ltd.)
    10,000

  • Common Shares

    (indirect: By Electrum Strategic Opportunities Fund L.P.)
    21,630,801

  • Warrants (right to buy)

    (indirect: By Electrum Strategic Opportunities Fund L.P.)
    Exercise: $1.60From: 2014-07-07Exp: 2019-07-07→ Common Shares (2,760,870 underlying)
    2,760,870

  • Common Shares

    113,739
Leopard Holdings LLC
10% Owner
Transactions
  • Other

    Common Shares

    2015-12-31−5,608,352→ 0 total(indirect: By Electrum Global Holdings L.P.)
  • Other

    Warrants (right to buy)

    2015-12-31−2,760,870→ 0 total(indirect: By Electrum Strategic Resources L.P.)
    Exercise: $1.60From: 2014-07-07Exp: 2019-07-07→ Common Shares (2,760,870 underlying)
  • Other

    Common Shares

    2015-12-31−16,022,449→ 0 total(indirect: By Electrum Strategic Resources L.P.)
Holdings

  • Common Shares

    (indirect: By Tigris Financial Group Ltd.)
    10,000

  • Common Shares

    (indirect: By Electrum Strategic Opportunities Fund L.P.)
    21,630,801

  • Common Shares

    (indirect: By LLC)
    833,333

  • Common Shares

    113,739

  • Warrants (right to buy)

    (indirect: By Electrum Strategic Opportunities Fund L.P.)
    Exercise: $1.60From: 2014-07-07Exp: 2019-07-07→ Common Shares (2,760,870 underlying)
    2,760,870
ELECTRUM GLOBAL HOLDINGS L.P.
10% Owner
Transactions
  • Other

    Common Shares

    2015-12-31−5,608,352→ 0 total(indirect: By Electrum Global Holdings L.P.)
  • Other

    Warrants (right to buy)

    2015-12-31−2,760,870→ 0 total(indirect: By Electrum Strategic Resources L.P.)
    Exercise: $1.60From: 2014-07-07Exp: 2019-07-07→ Common Shares (2,760,870 underlying)
  • Other

    Common Shares

    2015-12-31−16,022,449→ 0 total(indirect: By Electrum Strategic Resources L.P.)
Holdings

  • Common Shares

    113,739

  • Warrants (right to buy)

    (indirect: By Electrum Strategic Opportunities Fund L.P.)
    Exercise: $1.60From: 2014-07-07Exp: 2019-07-07→ Common Shares (2,760,870 underlying)
    2,760,870

  • Common Shares

    (indirect: By Electrum Strategic Opportunities Fund L.P.)
    21,630,801

  • Common Shares

    (indirect: By LLC)
    833,333

  • Common Shares

    (indirect: By Tigris Financial Group Ltd.)
    10,000
Footnotes (5)
  • [F1]On December 31, 2015, as part of an internal reorganization, Electrum Global Holdings L.P. ("Global Holdings") contributed 5,608,352 of the Issuer's common shares owned directly by it to Electrum Strategic Opportunities Fund L.P. ("ESOF"), an investment fund managed by The Electrum Group LLC ("TEG Services"). In addition, on the same date, Global Holdings caused Electrum Strategic Resources L.P. ("Electrum Strategic") to contribute to ESOF 16,022,449 of the Issuer's common shares and warrants to purchase 2,760,870 of the Issuer's common shares. Accordingly, ESOF directly holds all of the securities previously reported as being indirectly beneficially owned through Global Holdings and Electrum Strategic. In connection with the foregoing contribution, Global Holdings received a limited partnership interest in ESOF. On December 31, 2015, the closing price per common share of the Issuer was $0.28.
  • [F2]Global Holdings owns all of the limited partnership interests of Electrum Strategic Resources L.P. ("Electrum Strategic") and all of the equity interests of Electrum Strategic Management LLC, the general partner of Electrum Strategic. TEG Global GP Ltd. ("Global GP") is the sole general partner of, and TEG Services is the investment adviser to, Global Holdings. Global GP is principally owned and controlled, indirectly, by GRAT Holdings LLC ("GRAT Holdings"). GRAT Holdings is owned by trusts for the benefit of family members of Mr. Kaplan.
  • [F3]ESOF is an investment fund, of which TEG Services is the investment adviser. Global Holdings owns (i) a limited partnership interest in ESOF (ii) a limited partnership interest in Electrum Strategic Opportunities Fund GP L.P. (the "ESOF General Partner"), the general partner of ESOF, and (iii) 100% of the equity interests of ESOF GP Ltd., which is the general partner of the ESOF General Partner. Global GP is the sole general partner of, and TEG Services is the investment adviser to, Global Holdings. Global GP is principally owned and controlled, indirectly, by GRAT Holdings. GRAT Holdings is owned by trusts for the benefit of family members of Dr. Kaplan.
  • [F4]Mr. Kaplan is the sole shareholder of Tigris.
  • [F5]In accordance with Instruction 4(b)(iv) to Form 4, the entire amount of the Issuer's securities held by Tigris, Global Holdings, GRAT Holdings, Electrum Strategic and ESOF is reported herein. For purposes of Section 16 of the Securities Exchange Act of 1934, each reporting person disclaims beneficial ownership of any such securities, except to the extent of his/its indirect pecuniary interest therein, if any, and this report shall not be deemed an admission that such reporting person is the beneficial owner of such securities for purposes of Section 16 or otherwise.

Documents

2 files

Issuer

NovaCopper Inc.

CIK 0001543418

→
Entity typeother
IncorporatedNY

Related Parties

1
  • filerCIK 0001565707

Filing Metadata

Form type
4
Filed
Jan 4, 7:00 PM ET
Accepted
Jan 5, 5:28 PM ET
Size
50.3 KB
View on SEC.gov