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* Reed Kenneth M (Last) (First) (Middle) 328 ADAMS STREET (Street) MILTON MA 02186 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol UNITED STATES ANTIMONY CORP [ UAMY ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 12/28/2010
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X 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 $0.01 par value per share	12/28/2010		J(1)		500,000	A	$0.3	3,549,579(2)	I(2)	See Footnote 2(2)
Common Stock $0.01 par value per share								4,000,000(3)	I(3)	See Footnote 3(3)
Common Stock $0.01 par value per share								53,200(4)	I(4)	See Footnote 4(4)

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

1. Name and Address of Reporting Person* Reed Kenneth M (Last) (First) (Middle) 328 ADAMS STREET (Street) MILTON MA 02186 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* REED SUSAN K (Last) (First) (Middle) 328 ADAMS STREET (Street) MILTON MA 02186 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. Purchase from the issuer.

2. Represents 99.9% of the shares held by The Reed Family Limited Partnership I , a Massachusetts limited partnership in which Kenneth M. Reed holds a 49.9% partnership interest (1% as the general partner and 48.9% as a limited partner) and Susan K. Reed holds a 50% partnership interest as a limited partner. Kenneth M. Reed and Susan K. Reed are husband and wife.

3. Represents shares held in The Susan K. Reed Grantor Retained Annuity Trust II (Trust). Susan K. Reed is the annuity recipient and the sole trustee of the Trust. Kenneth M. Reed disclaims beneficial ownership of the shares held by the Trust.

4. Represents the number of shares held in the Kenneth M. Reed, M.D., P.C. Profit Sharing Plan (Plan) in which Kenneth M. Reed has a pecuniary interest as a plan participant. Kenneth M. Reed is the sole trustee of the Plan. Susan K. Reed disclaims beneficial ownership of the shares held in the Plan.

	/s/ KENNETH M REED	12/28/2010
	/s/ SUSAN K REED	12/28/2010
	** 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 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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