CONCHA MARIO 4
4 · Applied Minerals, Inc. · Filed Jun 14, 2018
Insider Transaction Report
Form 4
CONCHA MARIO
Director
Transactions
- Purchase
Common Stock
2018-06-11$0.08/sh+1,000,000$80,000→ 2,149,332 total - Purchase
Common Stock Warrant
2018-06-11+1,000,000→ 5,503,885 totalExercise: $0.15From: 2018-06-11Exp: 2021-06-10→ Common Stock (1,000,000 underlying)
Footnotes (1)
- [F1]Applied 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.