FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 06/30/2011 |
3. Issuer Name and Ticker or Trading Symbol
RARE ELEMENT RESOURCES LTD [ REE ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) 06/30/2011 |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 9,500 | D | |
Common Stock | 2,000 | I | Spouse |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Employee Stock Options (Right to Buy) | 01/27/2009(1) | 01/27/2014 | Common Stock | 55,000 | $0.58(4) | D | |
Employee Stock Options (Right to Buy) | 05/28/2010(2) | 05/28/2015 | Common Stock | 25,000 | $2.71(4) | D | |
Employee Stock Options (Right to Buy) | 03/16/2011(3) | 03/16/2016 | Common Stock | 25,000 | $10.5(4) | D |
Explanation of Responses: |
1. The original grant was for 75,000 options, which vest as follows: 20% of the options vest 4 months from January 27, 2009 (the "Grant Date"); 20% of the options vest 8 months from the Grant Date; 20% of the options vest 12 months from the Grant Date; 20% of the options vest 15 months from the Grant Date; 20% of the options vest 18 months from the Grant Date. A balance of 55,000 options remains. |
2. The options vest as follows: 20% of the options vest 4 months from May 28, 2010 (the "Grant Date"); 20% of the options vest 8 months from the Grant Date; 20% of the options vest 12 months from the Grant Date; 20% of the options vest 15 months from the Grant Date; 20% of the options vest 18 months from the Grant Date. |
3. The options vest as follows: 20% of the options vest 4 months from March 16, 2011 (the "Grant Date"); 20% of the options vest 8 months from the Grant Date; 20% of the options vest 12 months from the Grant Date; 20% of the options vest 15 months from the Grant Date; 20% of the options vest 18 months from the Grant Date. |
4. Exercise price is reflected in Canadian dollars. |
Remarks: |
/s/ Winnie Wong | 07/07/2011 | |
** 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 5 (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). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |