SEC Form 4 · accession 0001437749-16-035045
Applied Minerals, Inc. · AMNL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher T Carney
Officer — Chief Financial Officer
Period of report
Jul 6, 2016
Accepted (ET)
Jul 8, 2016 · 6:06 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 | $0.16 | Jul 6, 2016 | A | 500,000 | A | Aug 15, 2016 | Aug 15, 2019 | COMMON STOCK | 500,000 | 3,351,861 | D |
Explanation of responses
- F1Mr. Carney was granted 500,000 options in exchange for a $50,000 reduction in his annual salary over the next 12 months. The options vest equally over a 12-month period beginning August 15, 2016. If Mr. Carney resigns or is terminated for cause during the vesting period, he forfeits all options not vested at the time of his resignation or termination.