SEC FORM 4

SEC Form 4

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^*

Reid Jason D.

(Last)

(First)

(Middle)

2000 S. COLORADO BLVD

SUITE 10200

(Street)

DENVER

80222

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
GOLD RESOURCE CORP [ GORO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	CEO and President

3. Date of Earliest Transaction (Month/Day/Year)
12/29/2020

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	12/29/2020		M		9,525	A	⁽¹⁾	699,917	D
Common Stock	12/29/2020		M		98,029	A	⁽¹⁾	797,946	D
Common Stock	12/29/2020		F		52,368	D	$3.13	745,578	D
Common Stock								107,575	I	By spouse
Common Stock								72,088	I	By trust
Common Stock								71,450	I	By trust
Common Stock								300,000	I	By LLC

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units⁽²⁾	⁽³⁾	12/29/2020		A		1,905		08/15/2021	⁽⁴⁾	Common Stock	1,905	$0	9,525	D
Restricted Stock Units	⁽³⁾	12/29/2020		M			9,525	⁽⁵⁾	⁽⁵⁾	Common Stock	9,525	$0	0	D
Restricted Stock Units⁽²⁾	⁽³⁾	12/29/2020		A		19,606		⁽⁶⁾	⁽⁴⁾	Common Stock	19,606	$0	98,029	D
Restricted Stock Units	⁽³⁾	12/29/2020		M			98,029	⁽⁵⁾	⁽⁵⁾	Common Stock	98,029	$0	0	D

Explanation of Responses:

1. The restricted stock units granted to the Reporting Person vested on December 29, 2020 and such restricted stock units settled for shares of the Company's common stock.

2. The Reporting Person was granted additional RSUs pursuant to an anti-dilution provision contained in the Issuer's equity plan in connection with the spin-off of the Issuer's subsidiary. The terms of the new award mirror the original award.

3. Each restricted stock unit represents the right to receive one share of common stock upon vesting of the unit.

4. The award shall expire upon the earlier of settlement of the shares to the Reporting Person or ten years from the grant date.

5. The vesting and settlement of the award was accelerated in connection with the Reporting Person's termination of employment in connection with the spin-off of the Issuer's subsidiary.

6. The restricted stock units are scheduled to vest in two equal tranches on 12/9/2021 and 12/9/2022, unless such anniversary occurs during a trading "blackout period" for employees, then vesting shall occur on the first business day thereafter on which the employee trading window is open and available, assuming continued service through the applicable vesting date.

	Jessica M. Browne, as attorney-in-fact	12/31/2020
	** 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).
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