IMV Inc IMVIQ

RE:RE:RE:Fred Orr exercising option or what?

[LR6852]

Disposed of options to acquire shares.  Not a 1:1 ratio.

See below from SEDI website.

A typical exercise of options requires two transactions:

• one to record the disposition of the options, and
• one to record the acquisition of the underlying security (i.e. common shares, trust units, etc.)
• use Nature Code 51 – Exercise of options for both transactions
• When recording the disposition of options, after entering the number or value of securities disposed of (right side of screen), you are required directly below that field to enter the equivalent number or value of underlying securities disposed of. If the options are exercisable on a 1:1 basis, the same number would be entered in the equivalent number or value of underlying securities disposed of field.
• Unit price or exercise price:  the exercise price used for the disposition of the options is the same price as the unit price reported for the acquisition of the underlying security (e.g. common shares). For example, this price is taken from the conversion or exercise price initially reported in the grant of options.