Applied Minerals, Inc. 4
4 · Applied Minerals, Inc. · Filed Feb 2, 2016
Insider Transaction Report
Form 4
BETZ ROBERT
Director
Transactions
- Award
COMMON STOCK OPTION (RIGHT TO BUY)
2016-01-29$0.28/sh+64,815$18,148→ 198,752 totalExercise: $0.28From: 2017-01-29Exp: 2026-01-28→ COMMON STOCK (64,815 underlying)
Footnotes (1)
- [F1]On January 29, 2016, Mr. Betz was granted an option to purchase 64,815 shares of common stock of Applied Minerals, Inc. This grant is a component of the compensation Mr. Betz will receive for serving as a Director of the Company for the 2016 calendar year. The exercise price of the option is $0.28 per share. The term is 10 years. 50% of the option vests on the first anniversary date of the grant and the remaining 50% vests on the second anniversary date of the grant.