TAFT DAVID A 4
4 · Applied Minerals, Inc. · Filed Oct 2, 2012
Insider Transaction Report
Form 4
TAFT DAVID A
Director
Transactions
- Sale
Common Stock
2012-09-28$1.29/sh−7,900$10,164→ 22,331,153 total(indirect: See notes 1, 2 and 3) - Sale
Common Stock
2012-09-28$1.24/sh−410,000$508,400→ 22,331,153 total(indirect: See notes 1, 2 and 3) - Award
Common Stock
2012-09-28$1.24/sh+410,000$508,400→ 22,331,153 total(indirect: See notes 1, 2 and 3)
Footnotes (3)
- [F1]The reporting person is the president and a member of IBS Capital LLC ("IBS Capital"), which is the general partner of The IBS Turnaround Fund (QP) (A Limited Partnership) ("QP Fund") and The IBS Turnaround Fund (A Limited Partnership) ("LP Fund"). IBS Capital is the investment manager of The IBS Opportunity Fund, Ltd. ("Opportunity Fund").
- [F2]On September 28, 2012, QP Fund sold 7,900 shares of AMNL Common Stock in the open market and sold 410,000 shares of AMNL Common Stock to LP Fund. After completion of these transactions, the reporting person indirectly beneficially owned 22,331,153 shares of AMNL Common Stock,which consisted of shares of AMNL Common Stock indirectly beneficially owned by IBS Capital, which consisted of (i) 12,306,847 shares of AMNL Common Stock directly beneficially owned by QP Fund, (ii) 6,102,712 shares of AMNL Common Stock directly beneficially owned by LP Fund and (iii) 3,921,594 shares of AMNL Common Stock directly beneficially owned by Opportunity Fund.
- [F3]The reported securities are directly beneficially owned by QP Fund, LP Fund and/or Opportunity Fund. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.