Applied Minerals, Inc. 4
4 · Applied Minerals, Inc. · Filed Jul 8, 2016
Insider Transaction Report
Form 4
Carney Christopher T
Interim CFO
Transactions
- Award
COMMON STOCK OPTION (RIGHT TO BUY)
2016-07-06+500,000→ 3,351,861 totalExercise: $0.16From: 2016-08-15Exp: 2019-08-15→ COMMON STOCK (500,000 underlying)
Footnotes (1)
- [F1]Mr. 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.