SEC Form 4 · accession 0001437749-18-011815
Applied Minerals, Inc. · AMNL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John F Levy
Director
Period of report
Jun 14, 2018
Accepted (ET)
Jun 14, 2018 · 3:45 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 14, 2018 | P | 125,000 | $0.08 | A | 927,031 | 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 14, 2018 | P | 125,000 | A | Jun 13, 2018 | Jun 12, 2021 | Common Stock | 125,000 | 1,733,670 | D |
Explanation of responses
- F1Applied Minerals, Inc. (the "Company") sold to Mr. Levy 125,000 shares of common stock at $0.08 per share. The purchase also included an issuance to Mr. Levy of 125,000 warrants to purchase shares of common stock. Each warrant allows Mr. Levy 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.