SEC Form 4 · accession 0001437749-16-024611
Applied Minerals, Inc. · AMNL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bradley M Tirpak
Director
Period of report
Feb 1, 2016
Accepted (ET)
Feb 3, 2016 · 12:35 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 STOCKF1 | Feb 1, 2016 | A | 25,000 | $0.27 | A | 161,237 | 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)F1 | $0.27 | Feb 1, 2016 | A | 19,970 | A | Feb 1, 2017 | Jan 31, 2021 | COMMON STOCK | 19,970 | 90,741 | D |
| COMMON STOCK OPTION (RIGHT TO BUY)F1 | $0.27 | Feb 1, 2016 | A | 15,625 | A | Feb 1, 2017 | Jan 31, 2026 | COMMON STOCK | 15,625 | 106,366 | D |
Explanation of responses
- F1On February 1, 2016, Mr. Tirpak was granted 25,000 shares of common stock of Applied Minerals, Inc., an option to purchase 19,970 shares of common stock of Applied Minerals, Inc. and an option to purchase 15,625 shares of common stock of Applied Minerals, Inc. These grants are components of the compensation Mr. Tirpak will receive for serving as a Director of the Company for the 2016 calendar year. The exercise price of both option grants is $0.27 per share. The term of the option to purchase 19,970 shares of common stock of Applied Minerals, Inc. is 5 years. The term of the option to purchase 15,625 shares of common stock of Applied Minerals, Inc. is 10 years. 50% of the stock and option grants vests on the first anniversary date of the grants and the remaining 50% vests on the second anniversary date of the grants.