X0306 4 2016-05-19 0 0001011509 Golden Minerals Co AUMN 0001305268 Clevenger Jeffrey G 350 INDIANA STREET SUITE 800 GOLDEN CO 80401 1 0 0 0 Restricted Stock Units 2016-05-19 4 A 0 290000 0 A Common Stock 290000 320000 D Each Restricted Stock Unit represents a contingent right to receive one share of Golden Minerals Company common stock. 40,000 of the Restricted Stock Units will vest on the first to occur of (i) the first anniversary of the grant date and (ii) a Change of Control as defined in Golden Minerals Company's Amended and Restated 2009 Equity Incentive Plan. 250,000 of the Restricted Stock Units vested on the date of grant. Shares of common stock represented by vested Restricted Stock Units will be issued to the reporting person effective on the date on which the reporting person ceases to be a member of the Board of Directors of Golden Minerals Company. Robert P. Vogels for Jeffrey G. Clevenger Pursuant to Power of Attorney 2016-05-19