SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* ALI ZAMANI (Last) (First) (Middle) 110 GREENE ST., STE 1101 (Street) NEW YORK NY 10012 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol Applied Minerals, Inc. [ AMNL ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 02/12/2015
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
COMMON STOCK	02/12/2015		A(1)		50,000	A	$0.66	121,444	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
COMMON STOCK OPTION (RIGHT TO BUY)	$0.66	02/12/2015		A		50,000(2)		03/31/2015(2)	02/11/2025	COMMON STOCK	50,000	$0.66	100,000	D

Explanation of Responses:

1. 50% of Shares will vest one yr after the Date of Grant and 50% will vest two yrs after the Date of Grant;provided that the shares will vest earlier upon death,Disability(as defined in the 2012 Long Term Incentive Plan),resignation from the Board of Directors for health reasons,failure to be included in the list of nominees of the Board of Directors for election at the next annual meeting of shareholders at a time when such person is willing to be a bonafide nominee(the lapse of restrictions occurring at such time the Board makes such determination),failure to be reelected as a director at an annual meeting of shareholders if he was a nominee of the Board of Directors,or Change in Control.In the event of the termination of the Grantee's service as a director of the Company for any reason prior vesting of all of the Restricted Stock,such portion of the restricted stock held by the grantee that has not vested shall be automatically forfeited by the grantee as of the date of termination

2. On February 12, 2015 Mr. Zamani was granted options to purchase 50,000 shares of common stock. 25% vest on a quarterly basis beginning March 31, 2015 and ending December 31, 2015. The option grant in this filing was approved by Applied Minerals, Inc. Board of Directors.

	/s/ Ali Zamani	02/17/2015
	** 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 4 (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).
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