Sec Form 4 Filing - DAVIS EUGENE I @ HYCROFT MINING HOLDING CORP - 2020-12-04

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
DAVIS EUGENE I
2. Issuer Name and Ticker or Trading Symbol
HYCROFT MINING HOLDING CORP [ HYMC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O HYCROFT MINING HOLDING CORPORATION, 8181 E. TUFTS AVE., SUITE 510
3. Date of Earliest Transaction (MM/DD/YY)
12/04/2020
(Street)
DENVER, CO80237
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
Class A Common Stock 12/04/2020 M 5,047 A 5,047 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
Restricted Stock Units ( 2 ) 12/04/2020 A 6,730 ( 3 ) ( 3 ) Class A Common Stock 6,730 $ 0 6,730 D
Restricted Stock Units ( 2 ) 12/04/2020 A 10,095 ( 4 ) ( 4 ) Class A Common Stock 10,095 $ 0 10,095 D
Restricted Stock Units ( 2 ) 12/04/2020 M 5,047 ( 1 ) ( 1 ) Class A Common Stock 5,047 $ 0 5,048 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
DAVIS EUGENE I
C/O HYCROFT MINING HOLDING CORPORATION
8181 E. TUFTS AVE., SUITE 510
DENVER, CO80237
X
Signatures
/s/ Eugene Davis 12/07/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents the 50% of the Annual Grant (described in footnote 4) that vested immediately upon grant and converted into shares of the Issuer's Class A Common Stock.
( 2 )Each restricted stock unit ("RSU") represents a contingent right to receive one share of HYMC Class A Common Stock, par value $0.0001 per share.
( 3 )6,730 RSUs were granted on December 4, 2020 as the reporting person's initial equity grant in connection with the reporting person's service on the Issuer's Board of Directors. Subject to the reporting person's continued service on the Issuer's Board of Directors, the RSUs will vest in three equal annual installments beginning on May 29, 2021. RSUs will convert into shares of the Issuer's Class A Common Stock upon vesting; provided, however, that if, on that conversion date, the reporting person is prohibited from trading in the Issuer's securities pursuant to applicable securities laws or the Company's policies, the conversion date shall be, in the determination of the Board's Compensation Committee, the 2nd trading day after the date the reporting person is no longer prohibited from such trading.
( 4 )10,095 RSUs were granted on December 4, 2020 as the reporting person's 2020 annual equity grant ("Annual Grant") for service on the Issuer's Board of Directors. 50% of these RSUs vest immediately on the date of grant and, subject to the reporting person's continued service on the Issuer's Board of Directors, the remaining 50% will vest on the earlier of (a) the Issuer's first annual meeting of stockholders held after the grant date or (b) May 29, 2021. RSUs will convert into shares of the Issuer's Class A Common Stock upon vesting; provided, however, that if, on that conversion date, the reporting person is prohibited from trading in the Issuer's securities pursuant to applicable securities laws or the Company's policies, the conversion date shall be, in the determination of the Board's Compensation Committee, the 2nd trading day after the date the reporting person is no longer prohibited from such trading.

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