FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 10/20/2010 |
3. Issuer Name and Ticker or Trading Symbol
Comstock Mining Inc. [ LODE ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 607,634 | D |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
7 1/2% Series A-1 Convertible Preferred Stock (7,681 shares)(1) | 10/20/2010(1) | (1) | Common Stock | 11,798,016(1) | $0.651(1) | D | |
7 1/2% Series A-1 Convertible Preferred Stock (862.5 shares)(1) | 10/20/2010(1) | (1) | Common Stock | 1,324,800(1) | $0.651(1) | I | By Northern Comstock LLC |
Warrants to Purchase Common Stock | (2) | (3) | Common Stock | 100,000 | $4 | D | |
Warrants to Purchase Common Stock | (2) | (4) | Common Stock | 218,750 | $3.5 | D |
Explanation of Responses: |
1. Each share of 7 1/2% Convertible Preferred Stock ("A-1 Preferred") has a stated value of $1,000 per share and can be converted into shares of Common Stock at the holder's election at a rate of $0.651 per share (subject to certain adjustments). A-1 Preferred shares are convertible at any time after issuance (10/20/2010) and have no expiration. |
2. All Warrants are presently exercisable. |
3. Warrants expire as follow: April 30, 2013 - 25,000 shares; June 7, 2013 - 25,000 shares; and August 13, 2013 - 50,000 shares. |
4. Warrants expire as follow: December 9, 2012 - 31,250 shares; February 15, 2013 - 31,250 shares; April 20, 2013 - 31,250 shares; May 11, 2013 - 31,250 shares; June 9, 2013 - 31,250 shares; June 15, 2013 - 31,250 shares; and June 21, 2013 - 31,250 shares. |
/s/ John V. Winfield | 11/01/2010 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |