Applied Minerals, Inc. 4
4 · Applied Minerals, Inc. · Filed Jul 3, 2014
Insider Transaction Report
Form 4
TAFT DAVID A
Director
Transactions
- Other
Common Stock
2014-06-30$0.83/sh−540,000$448,200→ 22,331,153 total(indirect: See Notes.) - Other
Common Stock
2014-06-30$0.83/sh+197,650$164,050→ 22,331,153 total(indirect: See Notes.) - Other
Common Stock
2014-06-30$0.83/sh+342,350$284,151→ 22,331,153 total(indirect: See Notes.)
Footnotes (3)
- [F1]On June 30, 2014, The IBS Opportunitiy Fund, Ltd. ("Opportunity Fund") sold 342,350 shares of AMNL common stock to The IBS Turnaround Fund (QP) (A Limited Partnership) ("QP Fund") and 197,650 shares of AMNL common stock to The IBS Turnaround Fund (A Limited Partnership) ("LP Fund"). After completion of these transactions, IBS Capital LLC ("IBS Capital") indirectly beneficially owned 22,331,153 shares of AMNL common stock which consisted of (i) 13,284,670 shares of AMNL common stock directly beneficially owned by QP Fund, (ii) 6,451,889 shares of AMNL common stock directly beneficially owned by LP Fund and (iii) 2,594,594 shares of AMNL common stock directly beneficially owned by Opportunity Fund.
- [F2]The reporting person is the preseident and a member of IBS Capital which is the general partner of QP Fund and LP Fund and the investment manager of 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 any pecuniary interest therein.