SF

As I see it, the items listed with a - in front of the share amounts are options that expired - there were at least 778,300 ISOs with a strike price of 1.46 that expired on 6/14/16 which are probably reported as 9/30/16 on the insider report you referenced. They were probably reissued and could have been reissued at a lower strike price - The management discussion and analysis to be issued prior to the AGM general meeting will should have the disclosure in it.

The bottom line as both you and Koo point out could be that this is much ado about nothing fo us nonemployee shareholders- I see it as a bullish sign. The other items were most likely in the money vested options and there were several thousand with a strike price of <$1.00 indicating that those in the know wanted to lock in long-term capital gains. US Tax law allows the holders of Qualified ISOs to purchase the options at the strike price with their own dollars which generates a tax preference item subject to the AMT. Once one year lapses, the gain qualifies for long-term capital gain treatmen rather than ordinary income rates, a difference of 19%(39 - 20) I am not sure if Canada has an AMT nor what the rates are.

Chicagoest