FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. SeeInstruction 1(b).UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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 1940OMB APPROVALOMB Number:3235-0287Expires:February 28, 2011Estimated average burden hours per response...0.5
(Print or Type Responses)1. Name and Address of Reporting Person *Hsia Duncan 2. Issuer Name and Ticker or Trading Symbol
SILVER BULL RESOURCES, INC. [SVBL]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 SILVER BULL RESOURCES, INC., 885 W GEORGIA STREET, SUITE 22003. Date of Earliest Transaction (Month/Day/Year)
01/17/2012(Street)
VANCOUVER, A1 V6C 3E84. If Amendment, Date Original Filed(Month/Day/Year)
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 Owned1.Title of Security
(Instr. 3)2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)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)CodeVAmount(A) or (D)PriceCommon Stock01/17/2012 S 48,200D$ 0.5127(1)321,800IHeld in Trust for ChildrenCommon Stock01/18/2012 S 19,334D$ 0.5149(2)302,466IHeld in Trust for ChildrenCommon Stock 647,550D Common Stock 300,000IBy Spouse In TrustCommon Stock 6,000IBy Child
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.SEC 1474 (9-02)
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 Security3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)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
(Month/Day/Year)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)CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Reporting OwnersReporting Owner Name / AddressRelationships Director 10% Owner Officer OtherHsia Duncan
C/O SILVER BULL RESOURCES, INC.
885 W GEORGIA STREET, SUITE 2200
VANCOUVER, A1 V6C 3E8 X
Signatures /s/ Duncan Hsia 01/19/2012 **Signature of Reporting PersonDate
Explanation of Responses:(1)This transaction was executed in multiple trades ranging in price from $0.5100 to $0.5200. The price reported above reflects the weighted average sale price of such trades. The reporting person hereby undertakes to provide to the SEC staff, the issuer or a security holder of the issuer, upon request, full information regarding the number of shares and prices at which each transaction was effected.(2)This transaction was executed in multiple trades ranging in price from $0.5100 to $0.5200. The price reported above reflects the weighted average sale price of such trades. The reporting person hereby undertakes to provide to the SEC staff, the issuer or a security holder of the issuer, upon request, full information regarding the number of shares and prices at which each transaction was effected.
*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).Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number. |
