Applied Minerals, Inc. 4/A
4/A · Applied Minerals, Inc. · Filed Jun 15, 2015
Insider Transaction Report
Form 4/AAmended
TAFT DAVID A
Director
Transactions
- Other
Common Stock
2015-05-26$0.73/sh+154,975$113,132→ 22,536,128 total(indirect: See footnote)
Footnotes (2)
- [F1]David A. Taft (the "Reporting Person") amends Item 5 of Table 1 in the Form 4 submitted on May 28, 2015 (the "Original Form 4") to correct the amount of securities beneficially owned following the transaction reported therein. That amount reported on the Original Form 4 neglected to include 50,000 shares that were acquired in a grant made on February 12, 2015. The 50,000 share grant was divided between The IBS Turnaround Fund (QP) (A Limited Partnership) (the "QP Fund"), which acquired 34,000 shares, and The IBS Turnaround Fund, L.P. (the "LP Fund"), which acquired 16,000 shares. Thus, following the transaction reported in the Original Form 4, the total amount of shares beneficially owned by the QP Fund was 13,900,684 shares, and the total amount of shares beneficially owned by the LP Fund was 6,613,729 shares. The total amount of shares beneficially owned by the Reporting Person was 22,536,128 shares.
- [F2]IBS Capital LLC ("IBS Capital") is the general partner of the QP Fund and the LP Fund. By virtue of Mr. Taft's position as president and member of IBS Capital, Mr. Taft may be deemed to be the beneficial owner of the securities for purposes of the SEC Rule 16(a)-1(a). The Reporting Person disclaims any beneficial ownership of the securities except to the extent of any pecuniary interest.