Gold Reserve
Insider trading & Transactions

Last updated: 7 Sep 2012

Transaction	Date	Insider	Security	Shares	Price per share	Total value
Sale	7 Sep 2012	TIMM ROCKNE J director, officer: Chief Executive Officer director, officer: Chief Execut..	Class A Common Shares	30,760	$3.88	$119,287
Sale	7 Sep 2012	POTVIN JEAN CHARLES director director	Class A Common Shares	5,534	$3.88	$21,461
Sale	7 Sep 2012	MCCHESNEY PATRICK D director director	Class A Common Shares	5,534	$3.88	$21,461
Sale	7 Sep 2012	MCGUINNESS ROBERT A officer: VP Finance & CFO officer: VP Finance & CFO	Class A Common Shares	23,080	$3.88	$89,504
Sale	7 Sep 2012	GEYER JAMES P director director	Class A Common Shares	5,534	$3.88	$21,461
Sale	7 Sep 2012	MIKKELSEN CHRIS D director director	Class A Common Shares	5,534	$3.88	$21,461
Sale	7 Sep 2012	SMITH MARY E officer: VP Administration & Secretary officer: VP Administration & Se..	Class A Common Shares	18,455	$3.88	$71,568
Sale	7 Sep 2012	BELANGER A DOUGLAS director, officer: President director, officer: President	Class A Common Shares	30,760	$3.88	$119,287
Sale	24 Jan 2012	MCCHESNEY PATRICK D director director	Class A Common Shares	2,550	$2.91	$7,421
Sale	6 Jan 2012	MCCHESNEY PATRICK D director director	Class A Common Shares	2,450	$2.9	$7,105
Sale	22 Dec 2011	MCCHESNEY PATRICK D director director	Class A Common Shares	5,000	$2.82	$14,100
Sale	20 Dec 2011	MCCHESNEY PATRICK D director director	Class A Common Shares	10,000	$2.81	$28,100
Sale	8 Dec 2011	MIKKELSEN CHRIS D director director	Class A Common Shares	20,000	$2.86	$57,200
Sale	6 Dec 2011	TIMM ROCKNE J director, officer: Chief Executive Officer director, officer: Chief Execut..	Class A Common Shares	50,000	$2.8	$140,000
Sale	6 Dec 2011	MCGUINNESS ROBERT A officer: VP Finance & CFO officer: VP Finance & CFO	Class A Common Shares	35,000	$2.8	$98,000
Sale	6 Dec 2011	BELANGER A DOUGLAS director, officer: President director, officer: President	Class A Common Shares	47,500	$2.8	$133,000
Sale	6 Dec 2011	SMITH MARY E officer: VP Administration & Secretary officer: VP Administration & Se..	Class A Common Shares	30,000	$2.8	$84,000
Sale	14 Sep 2011	SMITH MARY E officer: VP Administration & Secretary officer: VP Administration & Se..	Class A Common Shares	8,490	$2.9	$24,621
Sale	13 Sep 2011	SMITH MARY E officer: VP Administration & Secretary officer: VP Administration & Se..	Class A Common Shares	900	$2.95	$2,655
Sale	9 Sep 2011	SMITH MARY E officer: VP Administration & Secretary officer: VP Administration & Se..	Class A Common Shares	610	$3	$1,830
Sale	30 Aug 2011	BELANGER A DOUGLAS director, officer: President director, officer: President	Class A Common Shares	9,313	$2.87	$26,766
Sale	29 Aug 2011	BELANGER A DOUGLAS director, officer: President director, officer: President	Class A Common Shares	7,900	$2.85	$22,515
Sale	26 Aug 2011	BELANGER A DOUGLAS director, officer: President director, officer: President	Class A Common Shares	4,587	$2.73	$12,532
Sale	25 Aug 2011	BELANGER A DOUGLAS director, officer: President director, officer: President	Class A Common Shares	3,200	$2.71	$8,672
Sale	2 Jun 2011	TIMM ROCKNE J director, officer: Chief Executive Officer director, officer: Chief Execut..	Class A Common Shares	50,000	$1.78	$88,850
Sale	2 Jun 2011	MCGUINNESS ROBERT A officer: VP Finance & CFO officer: VP Finance & CFO	Class A Common Shares	35,000	$1.78	$62,195
Sale	2 Jun 2011	SMITH MARY E officer: VP Administration & Secretary officer: VP Administration & Se..	Class A Common Shares	30,000	$1.78	$53,310
Sale	2 Jun 2011	BELANGER A DOUGLAS director, officer: President director, officer: President	Class A Common Shares	47,500	$1.78	$84,408
Sale	25 May 2011	MCCHESNEY PATRICK D director director	Class A Common Shares	3,843	$1.79	$6,879
Sale	28 Apr 2011	STEELHEAD PARTNERS LLC other: See footnotes (1) (2) (3) other: See footnotes (1) (2) (3)	Class A Common Stock	1,000,000	$1.69	$1,690,000
Sale	28 Apr 2011	STEELHEAD NAVIGATOR MASTER, L.P. 10 percent owner 10 percent owner	Class A Common Stock	1,000,000	$1.69	$1,690,000
Sale	26 Apr 2011	MCCHESNEY PATRICK D director director	Class A Common Shares	11,157	$1.74	$19,413
Sale	22 Dec 2010	BELANGER A DOUGLAS director, officer: President director, officer: President	Class A Common Shares	15,000	$1.78	$26,745
Sale	4 Nov 2010	MCGUINNESS ROBERT A officer: VP Finance & CFO officer: VP Finance & CFO	Class A Common Shares	30,000	$1.44	$43,200
Sale	4 Nov 2010	TIMM ROCKNE J director, officer: Chief Executive Officer director, officer: Chief Execut..	Class A Common Shares	50,000	$1.44	$72,000
Sale	4 Nov 2010	BELANGER A DOUGLAS director, officer: President director, officer: President	Class A Common Shares	45,000	$1.44	$64,800
Sale	4 Nov 2010	SMITH MARY E officer: VP Administration & Secretary officer: VP Administration & Se..	Class A Common Shares	17,000	$1.44	$24,480
Sale	7 Jun 2010	MCGUINNESS ROBERT A officer: VP Finance & CFO officer: VP Finance & CFO	Class A Common Shares	24,600	$0.93	$22,903
Sale	7 Jun 2010	GEYER JAMES P director director	Class A Common Shares	12,000	$0.95	$11,364
Sale	19 May 2010	MCGUINNESS ROBERT A officer: VP Finance & CFO officer: VP Finance & CFO	Class A Common Shares	400	$0.96	$384
Sale	11 May 2010	GEYER JAMES P director director	Class A Common Shares	15,000	$0.29	$4,350
Option	11 May 2010	GEYER JAMES P director director	Non-qualified Stock Options	15,000	$0.29	$4,350
Option	11 May 2010	GEYER JAMES P director director	Class A Common Shares	15,000	$0.29	$4,350
Sale	4 May 2010	GEYER JAMES P director director	Class A Common Shares	12,000	$1.11	$13,284
Sale	27 Apr 2010	MCGUINNESS ROBERT A officer: VP Finance & CFO officer: VP Finance & CFO	Class A Common Shares	10,000	$1.13	$11,290
Sale	21 Apr 2010	MCGUINNESS ROBERT A officer: VP Finance & CFO officer: VP Finance & CFO	Class A Common Shares	15,000	$1.12	$16,755
Sale	13 Apr 2010	GEYER JAMES P director director	Class A Common Shares	15,000	$0.29	$4,350
Option	13 Apr 2010	GEYER JAMES P director director	Non-qualified Stock Options	15,000	$0.29	$4,350
Option	13 Apr 2010	GEYER JAMES P director director	Class A Common Shares	15,000	$0.29	$4,350
Sale	6 Apr 2010	GEYER JAMES P director director	Class A Common Shares	20,000	$1.11	$22,140

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Insider trading

Monitoring trades made by the management members or major shareholders of companies may help create a sharper picture of what is happening inside the companies. Base your decisions on buys or sells of the people involved and do the right thing at the right time.

Who is insider?

Every director or senior officer, as well as any other entity or individual owning more than 10% of the company’s shares on the stock market, is called an insider. Such people or entities are allowed to buy/sell the company's shares under strictly controlled conditions. Key premise here is that none of them can make trades based on non-public information about the company.

Gold Reserve Insider trading & Transactions

Insider trading

Who is insider?

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Gold Reserve
Insider trading & Transactions