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 | 537,070 | D | |
Common Stock | 217,096 | I | by Santa Fe Financial Corporation(1) |
Common Stock | 426,307 | I | by Portsmouth Sqaure, Inc.(2) |
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 Preferred Convertible Stock (6,572 shares(3) | 10/20/2010(3) | (3) | Common Stock | 10,094,592(3) | $0.651(3) | D | |
7 1/2% Series A-1 Convertible Preferred Stock (2,249 shares)(3) | 10/20/2010(3) | (3) | Common Stock | 3,454,464(3) | $0.651(3) | I | by Santa Fe(1) |
7 1/2% Series A-1 Convertible Preferred Stock (4,410 shares)(3) | 10/20/2010(3) | (3) | Common Stock | 6,773,260(3) | $0.651(3) | I | by Portsmouth(2) |
Warrants to Purchase Common Stock | (4) | (5) | Common Stock | 40,000 | $4 | D | |
Warrants to Purchase Common Stock | (4) | (6) | Common Stock | 20,000 | $4 | I | by Santa Fe(1) |
Warrants to Purchase Common Stock | (4) | (5) | Common Stock | 40,000 | $4 | I | by Portsmouth(2) |
Warrants to Purchase Common Stock | (4) | (7) | Common Stock | 87,500 | $3.5 | D | |
Warrants to Purchase Common Stock | (4) | (8) | Common Stock | 43,750 | $3.5 | I | by Santa Fe(1) |
Warrants to Purchase Common Stock | (4) | (7) | Common Stock | 87,500 | $3.5 | I | by Portsmouth(2) |
Explanation of Responses: |
1. Santa Fe Financial Corporation ("Santa Fe") is a 76%-owned subsidiary of The InterGroup Corporation ("InterGroup"). |
2. Portsmouth Square, Inc. ("Portsmouth") is a 68.8%-owned subsidiary of Santa Fe. InterGroup owns an additional 11.7% of Portsmouth. |
3. Each share of 7 1/2% Series A-1 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. |
4. All Warrants are presently exercisable. |
5. Warrants expire as follow: April 30, 2013 - 10,000 shares; June 7, 2013 - 10,000; and August 12, 2013 - 20,000 shares. |
6. Warrants expire as follow: April 30, 2013 - 5,00 shares; June 7, 2013 - 5,000 shares; August 12, 2013 - 10,000 shares. |
7. Warrants expire as follow:December 9, 2012 - 12,500 shares; January 19, 2013 - 12,500 shares; April 20, 2013 - 12,500 shares; May 11, 2013 - 12,500 shares; June 8, 2013 - 12,500 shares; June 14, 2013 - 12,500 shares; and June 21, 2013 -12,500 shares. |
8. Warrants expire as follow: December 9, 2012 - 6,250 shares; January 19, 20103 - 6,250 shares; April 20, 2013 - 6,250 shares; May 11, 2013 - 6,250 shares; June 8, 2013 - 6,250 shares; June 14, 2013 - 6,250 shares; and June 21, 2013 - 6,250 shares. |
The InterGroup Corporation by /s/ Michael G. Zybala, Asst. Secretary and General Counsel | 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. |