SEC Form 4 · accession 0001437749-16-027801
Applied Minerals, Inc. · AMNL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William Gleeson
Officer — General Counsel
Period of report
Mar 10, 2016
Accepted (ET)
Mar 16, 2016 · 1:29 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000008328
Table I — non-derivative securities
No Table I lines on this filing.
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 | $0.24 | Mar 10, 2016 | A | 248,344 | A | Mar 10, 2016 | Mar 10, 2021 | COMMON STOCK | 248,344 | 1,820,750 | D |
Explanation of responses
- F1On March 10, 2016, Mr. Gleeson was granted an option to purchase 248,344 shares of common stock of Applied Minerals, Inc. at $0.24 per share. The exercise price is the closing price of the Company's common stock on March 9, 2016. The option vests immediately and expires on March 10, 2021. This grant was a component of Mr. Gleeson's bonus for work performed during 2015 as determined by the Company's Board of Directors. The Black-Scholes value of the option grant is $37,500.