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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
COMMON STOCK OPTION (RIGHT TO BUY) | $ 0.27 | 02/01/2016 | A | 19,970 (1) | 02/01/2017 | 01/31/2021 | COMMON STOCK | 19,970 | $ 0.27 | 90,741 | D | ||||
COMMON STOCK OPTION (RIGHT TO BUY) | $ 0.27 | 02/01/2016 | A | 15,625 (1) | 02/01/2017 | 01/31/2026 | COMMON STOCK | 15,625 | $ 0.27 | 106,366 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Tirpak Bradley M 110 GREENE ST., STE 1101 NEW YORK, NY 10012 |
X |
/s/ Bradley Tirpak | 02/03/2016 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | On February 1, 2016, Mr. Tirpak was granted 25,000 shares of common stock of Applied Minerals, Inc., an option to purchase 19,970 shares of common stock of Applied Minerals, Inc. and an option to purchase 15,625 shares of common stock of Applied Minerals, Inc. These grants are components of the compensation Mr. Tirpak will receive for serving as a Director of the Company for the 2016 calendar year. The exercise price of both option grants is $0.27 per share. The term of the option to purchase 19,970 shares of common stock of Applied Minerals, Inc. is 5 years. The term of the option to purchase 15,625 shares of common stock of Applied Minerals, Inc. is 10 years. 50% of the stock and option grants vests on the first anniversary date of the grants and the remaining 50% vests on the second anniversary date of the grants. |