American Bonanza Gold Corp ABGFF

Options

[Antennae1]

					As of 11:59pm ET February 1st, 2013
Filing Date	Transaction Date	Insider Name	Ownership Type	Securities	Nature of transaction	# or value acquired or disposed of	Price
Jan 31/13	Jan 31/13	Kirwin, Brian	Direct Ownership	Common Shares	51 - Exercise of options	746,667	$0.390
Jan 31/13	Jan 31/13	Kirwin, Brian	Direct Ownership	Common Shares	51 - Exercise of options	200,000	$0.085
Jan 31/13	Jan 31/13	Kirwin, Brian	Direct Ownership	Common Shares	51 - Exercise of options	830,000	$0.060
Jan 31/13	Jan 31/13	Kirwin, Brian	Direct Ownership	Common Shares	51 - Exercise of options	600,000	$0.070

[Majerle]

He will make about $160,000 if he dumps the shares. The top exercise must be an error.  Why would he exercise .39 options when the share price is well below that.

[herry]

No error Majerie on the options exercise @ .39. here is the low down from last Q.Thanks herry and go BZA go   The Corporation has the following stock options that are outstanding and exercisable as at November 13, 2012: Outstanding and Exercisable Exercise price Amount outstanding Weighted average remaining life (years) $0.06 - $0.09 3,383,556 1.23 $0.37 - $0.39 6,005,488 3.31 $0.53 4

[Majerle]

Why would he pay 39 cents for shares when he can buy them for 17?  Doesn't make sense.  If they hit their expiry date he would just let them expire.  Or reprice them.