SEC Form 5
FORM 5 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL 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
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
  
Form 3 Holdings Reported.
X
Form 4 Transactions Reported.
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. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2010
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 at end of Issuer's Fiscal Year (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Amount (A) or (D) Price
Common Stock $0.01 par value per share 01/09/2009 J4(1) 833,333 A $0.2 3,549,579(2) I See Footnote(2)
Common Stock $0.01 par value per share 02/17/2009 J4(1) 250,000 A $0.2 3,549,579(2) I See Footnote(2)
Common Stock $0.01 par value per share 04/27/2009 J4(1) 375,000 A $0.2 3,549,579(2) I See Footnote(2)
Common Stock $0.01 par value per share 12/28/2009 G(3)5 4,000,000 D $0 3,549,579(2) I See Footnote(2)
Common Stock $0.01 par value per share 12/28/2009 G(3)5 4,000,000 A $0 0 I GRAT II(3)
Common Stock $0.01 par value per share 08/03/2010 J(4) 4,000,000 D $0 0 I GRAT II(4)
Common Stock $0.01 par value per share 08/03/2010 J(4) 4,000,000 A $0 0 I Susan Reed, wife(4)
Common Stock $0.01 par value per share 08/06/2010 G(5) 4,000,000 D $0 0 I Susan Reed, wife(5)
Common Stock $0.01 par value per share 08/06/2010 G(5) 4,000,000 A $0 4,000,000(6) I(6) See Footnote(6)
Common Stock $0.01 par value per share 53,200(7) I(7) See Footnote(7)
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)
(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)
1. Name and Address of Reporting Person*
REED SUSAN K

(Last) (First) (Middle)
328 ADAMS STREET

(Street)
MILTON MA 02186

(City) (State) (Zip)
Explanation of Responses:
1. Purchased by The Reed Family Limited Partnership I 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. Transfer from The Reed Family Limited Partnership I to The Susan K. Reed Grantor Retained Annuity Trust II. Susan K. Reed, wife of Kenneth M. Reed, is the annuity recipient and sole trustee of the trust.
4. Transfer from The Susan K. Reed Grantor Retained Annuity Trust II to Susan K. Reed as an asset substitution.
5. Transfer from Susan K. Reed to The Susan K. Reed 2010 Grantor Retained Annuity Trust I. See note (6).
6. Represents shares held in The Susan K. Reed Grantor Retained Annuity Trust I ("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.
7. 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 02/11/2011
/s/ SUSAN K. REED 02/11/2011
** 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).
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