Filing Details

Accession Number:
0001448562-12-000002
Form Type:
4
Zero Holdings:
No
Publication Time:
2012-10-02 16:45:21
Reporting Period:
2012-09-28
Filing Date:
2012-10-02
Accepted Time:
2012-10-02 16:45:21
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
8328 Applied Minerals Inc. AMNL Gold And Silver Ores (1040) 820096527
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1448562 A David Taft One International Place
31St Floor
Boston MA 02110
Yes No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2012-09-28 7,900 $1.29 22,331,153 No 4 S Indirect See notes 1, 2 and 3
Common Stock Disposition 2012-09-28 410,000 $1.24 22,331,153 No 4 S Indirect See notes 1, 2 and 3
Common Stock Acquisiton 2012-09-28 410,000 $1.24 22,331,153 No 4 A Indirect See notes 1, 2 and 3
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect See notes 1, 2 and 3
No 4 S Indirect See notes 1, 2 and 3
No 4 A Indirect See notes 1, 2 and 3
Footnotes
  1. 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").
  2. 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.
  3. 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.