SEC Form 4 · accession 0001437749-15-007532
Applied Minerals, Inc. · AMNL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bradley M Tirpak
Director
Period of report
Apr 15, 2015
Accepted (ET)
Apr 16, 2015 · 5:11 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000008328
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| COMMON STOCK | Apr 15, 2015 | A | 11,710 | $0.73 | A | 11,710 | D | |
| COMMON STOCK | Apr 15, 2015 | A | 38,356 | $0.73 | A | 50,066 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| COMMON STOCK OPTION (RIGHT TO BUY)F3 | $0.73 | Apr 15, 2015 | A | 38,356 | A | Jul 15, 2015 | Apr 14, 2025 | COMMON STOCK | 38,356 | 38,356 | D |
Explanation of responses
- F1Acquired as Director fees for services rendered from March 27, 2015 through June 30, 2015. Mr. Tirpak elected to receive 65% of his fees in stock and 35% in cash.
- F2The Company's Board members are granted 50,000 shares annually. Since Mr. Tirpak was appointed to the Board on March 27, 2015, his prorated grant equates to 38,356 shares. 50% of shares will vest one year after the Date of Grant and 50% will vest 2 years after the Date of Grant.
- F3The Company's Board members are granted 50,000 options annually. Since Mr. Tirpak started providing services on March 27, 2015, the options have been prorated to equate to 38,356 options. The options will vest on a quarterly basis starting July 15, 2015, October 15, 2015, January 15, 2016 and April 15, 2016.