Sec Form 4 Filing - Tarnowski Matthew @ ENERGY FUELS INC - 2019-01-22

Insider filing report for Changes in Beneficial Ownership
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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
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1. Name and Address of Reporting Person
Tarnowski Matthew
2. Issuer Name and Ticker or Trading Symbol
ENERGY FUELS INC [ UUUU]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) X __ Other (specify below)
Chief Accounting Officer/and Controller
(Last) (First) (Middle)
C/O ENERGY FUELS INC., 225 UNION BLVD., SUITE 600
3. Date of Earliest Transaction (MM/DD/YY)
01/22/2019
(Street)
LAKEWOOD, CO80228
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 01/22/2019 A 20,238 A $ 2.92 80,411 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
Stock Appreciation Rights ("SARs") $ 2.92 01/22/2019 A 54,842 01/22/2020 01/22/2024 Common Shares 54,842 $ 0 62,392 D
Stock Options $ 7.02 01/23/2019 E 2,400 01/23/2014 01/23/2019 Common Shares 2,400 $ 0 59,992 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Tarnowski Matthew
C/O ENERGY FUELS INC.
225 UNION BLVD., SUITE 600
LAKEWOOD, CO80228
Chief Accounting Officer and Controller
Signatures
Matthew J. Tarnowski 01/23/2019
Signature of Reporting Person Date
Explanation of Responses:

Remarks:
1. Addition of Common Shares reflects grant of 20,238 restricted stock units which vest as follows: 50% on 1/27/2020; 25% on 1/27/2021; and 25% on 1/27/2022.2. SARs reflect grant of 54,842 stock appreciation rights which vest as follows: (a) as to one-third of the SARs granted, automatically upon the volume weighted average price ("VWAP") of the Issuer's common shares on the NYSE American equaling or exceeding US$5.00 for any continuous 90-day period; (b) as to an additional one-third of the SARs granted, automatically upon the VWAP of the Issuer's common shares on the NYSE American equaling or exceeding US$7.00 for any continuous 90-day period; and (c) as to the final one-third granted, automatically upon the VWAP of the Issuer's common shares on the NYSE American equaling or exceeding US$10.00 for any continuous 90-day period.3. Notwithstanding any vesting of any SARs, no SARs may be exercised until January 22, 2020, being the date that is one year after the date of grant.4. The additional 5,150 derivative securities to the SARs are in the form of stock options with an exercise price of $4.54, to expire 1/28/2020.

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).
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