SEC Form 4 · accession 0001437749-16-032209
Applied Minerals, Inc. · AMNL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Zamani Ali
Director
Period of report
May 11, 2016
Accepted (ET)
May 18, 2016 · 1:09 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) | $0.25 | May 11, 2016 | A | 50,000 | A | May 11, 2016 | May 11, 2021 | COMMON STOCK | 50,000 | 354,621 | D |
Explanation of responses
- F1On May 11, 2016, Mr. Zamani was granted an option to purchase 50,000 shares of common stock of the Company at $0.25 per share. This grant represents 100% of the $12,500 fee payable to Mr. Zamani on April 1, 2016 for work to be performed as director of the Company for the three months ending June 30, 2016. This grant was issued from the Company's 2016 Long Term Incentive Plan, effective as of May 11, 2016.