SEC Form 4 · accession 0001437749-16-023840
Applied Minerals, Inc. · AMNL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bradley M Tirpak
Director
Period of report
Jan 9, 2016
Accepted (ET)
Jan 20, 2016 · 2:37 pm EST
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 | Jan 9, 2016 | A | 21,930 | $0.285 | A | 136,237 | 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)F2 | $0.285 | Jan 9, 2016 | A | 18,275 | A | Jan 9, 2016 | Jan 8, 2021 | COMMON STOCK | 18,275 | 56,631 | D |
| COMMON STOCK OPTION (RIGHT TO BUY)F3 | $0.285 | Jan 9, 2016 | A | 14,140 | A | Jan 9, 2016 | Jan 8, 2026 | COMMON STOCK | 14,140 | 70,771 | D |
Explanation of responses
- F1Acquired as 50% of Director fees for the first quarter of 2016.
- F2On January 9, 2016 Mr. Tirpak was granted an option to purchase 18,275 shares of common stock. The option was granted as payment of 25% his Director fees for the first quarter 2016. The option vested on January 9, 2016 and the term of the option is 5 years. The option grant was approved by the Board of Directors of Applied Minerals Inc.
- F3On January 9, 2016 Mr. Tirpak was granted an option to purchase 14,140 shares of common stock. The option was granted as payment of 25% his Director fees for the first quarter 2016. The option vested on January 9, 2016 and the term of the option is 10 years. The option grant was approved by the Board of Directors of Applied Minerals Inc.