SEC Form 4 · accession 0001437749-18-011806
Applied Minerals, Inc. · AMNL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mario Concha
Director
Period of report
Jun 11, 2018
Accepted (ET)
Jun 14, 2018 · 2:53 pm EDT
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 Stock | Jun 11, 2018 | P | 1,000,000 | $0.08 | A | 2,149,332 | 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 Warrant | $0.15 | Jun 11, 2018 | P | 1,000,000 | A | Jun 11, 2018 | Jun 10, 2021 | Common Stock | 1,000,000 | 5,503,885 | D |
Explanation of responses
- F1Applied Minerals, Inc. (the "Company") sold to Mr. Concha 1,000,0000 shares of common stock at $0.08 per share. The purchase also included an issuance to Mr. Concha of 1,000,000 warrants to purchase shares of common stock. Each warrant allows Mr. Concha to purchase one share of common stock for $0.15. The term of each warrant is three years. The Company has the right to purchase each outstanding warrant for a price of $0.01 when the VWAP of the Company's common stock, calculated over twenty (20) consecutive trading days, is equal to or greater than $0.30 per share.