SEC Form 4 · accession 0001437749-16-028762
Applied Minerals, Inc. · AMNL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Betz
Director
Period of report
Jan 1, 2016
Accepted (ET)
Mar 31, 2016 · 2:00 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 | $0.28 | Jan 1, 2016 | A | 50,000 | A | Mar 31, 2016 | Jan 1, 2026 | COMMON STOCK | 50,000 | 248,752 | D |
Explanation of responses
- F1On January 1, 2016, Mr. Betz was granted an option to purchase 50,000 shares of common stock of the Company at $0.28 per share. The term of the option is 10 years. The option vests equally on March 31, June 30, September 30 and December 31, 2016. The option is an annual grant provided to directors of the Company. The reporting of this grant is late due to an administrative error.