Sec Form 4 Filing - Sanders Elaine @ Trilogy Metals Inc. - 2017-12-07

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 Sanders Elaine 2. Issuer Name and Ticker or Trading Symbol Trilogy Metals Inc. [ TMQ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) VP and CFO (Last) (First) (Middle) SUITE 1150, 609 GRANVILLE STREET 3. Date of Earliest Transaction (MM/DD/YY) 12/07/2017 (Street) VANCOUVER, A1V7Y 1G5 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

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 Option (right to buy) $ 0.7864 ( 1 ) 12/07/2017 A 300,000 ( 2 ) 12/06/2022 Common Stock 300,000 $ 0 300,000 D Restricted Stock Units ( 3 ) 12/07/2017 A 100,000 ( 4 ) ( 4 ) Common Stock 100,000 $ 0 300,001 D Restricted Stock Units ( 3 ) 12/07/2017 A 100,000 ( 5 ) ( 5 ) Common Stock 100,000 $ 0 400,001 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Sanders Elaine SUITE 1150, 609 GRANVILLE STREET VANCOUVER, A1V7Y 1G5 VP and CFO Signatures /s/ Jennifer Harmer, as attorney-in-fact for Elaine Sanders 12/08/2017 Signature of Reporting Person Date

Explanation of Responses:

( 1 )These shares can be exercised at a price of CAD$1.01 per share. For reporting purposes, the exercise price has been converted to US dollars based on the exchange rate reported by the Bank of Canada for the date of grant, which was US$1 = CAD$1.2843. ( 2 )The stock options vest in three equal installments on December 7, 2017, December 7, 2018 and December 7, 2019. ( 3 )Each restricted stock unit represents a contingent right to receive one share of TMQ common stock. The conversion price of the underlying common shares as of the December 7, 2017 vesting date was Cdn $0.96. ( 4 )The restricted stock units vest on December 7, 2017. ( 5 )The restricted stock units vest in three equal installments on December 7, 2017, December 7, 2018 and December 7, 2019.

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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