Sec Form 4 Filing - Dahl Barry Lee @ Klondex Mines Unlimited Liability Co - 2018-07-20

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
Dahl Barry Lee
2. Issuer Name and Ticker or Trading Symbol
Klondex Mines Unlimited Liability Co [ KLDX]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
CFO
(Last) (First) (Middle)
C/O KLONDEX MINES LTD., 6110 PLUMAS STREET, SUITE A
3. Date of Earliest Transaction (MM/DD/YY)
07/20/2018
(Street)
RENO, NV89519
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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)
Code V Amount (A) or (D) Price
Common Shares 07/20/2018 D 211,183 D 0 D
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Options ( 2 ) 07/20/2018 D 207,167 ( 2 ) ( 2 ) Common Shares 207,167 $ 0 0 D
Restricted Share Units ("RSUs") ( 3 ) 07/20/2018 D 59,656 ( 3 ) ( 3 ) Common Shares 59,656 $ 0 0 D
Performance-Based Restricted Share Units ("PSUs") ( 4 ) 07/20/2018 D 57,470 ( 4 ) ( 4 ) Common Shares 57,470 $ 0 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Dahl Barry Lee
C/O KLONDEX MINES LTD.
6110 PLUMAS STREET, SUITE A
RENO, NV89519
CFO
Signatures
/s/ Barry Lee Dahl 07/26/2018
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The common shares were disposed of upon completion of a statutory plan of arrangement under the Business Corporations Act (British Columbia) (the "Arrangement") and pursuant to an arrangement agreement dated March 16, 2018, by and among the Issuer, Hecla Mining Company ("Hecla") and 1156291 B.C. Unlimited Liability Company, a wholly-owned subsidiary of Hecla, in exchange for $177,626.02 in cash, 87,345 common shares of Hecla, having a market value of $3.220 per share on the effective date of the Arrangement (the "Effective Date"), and 26,397 common shares of Havilah Mining Corporation, a subsidiary of Hecla ("Havilah"), having a market value of $0.46 per share on the first date of trading.
( 2 )Immediately prior to the Effective Date, the outstanding "in-the-money" options were converted into common shares of the Issuer, which were then disposed of pursuant to the Arrangement for $174,248.16 in cash, 85,684 common shares of Hecla, having a market value of $3.220 per share on the Effective Date, and 25,895 common shares of Havilah, having a market value of $0.46 per share on the first date of trading.
( 3 )Each RSU represented a contingent right to receive the economic equivalent of one common share of the Issuer. Immediately prior to the Effective Date, the RSUs were converted into common shares of the Issuer, which were then disposed of pursuant to the Arrangement in exchange for $50,176.66 in cash, 24,673 common shares of Hecla, having a market value of $3.220 per share on the Effective Date, and 7,457 common shares of Havilah, having a market value of $0.46 per share on the first date of trading.
( 4 )Each PSU represented a contingent right to receive the economic equivalent of one common share of the Issuer. The PSUs were subject to performance criteria to be determined by the compensation committee of the board of directors of the Issuer. Pursuant to the Arrangement, and following determination that the performance criteria had been satisfied, the PSUs were cancelled in exchange for a cash payment of $2.25 per PSU.

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).

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.