X0306 4 2014-07-01 0001120970 Comstock Mining Inc. LODE 0001066127 DEGASPERIS CORRADO F C/O COMSTOCK MINING INC. P.O. BOX 1118 VIRGINIA CITY NV 89440 1 1 0 0 CEO, Pres., PFO Common Stock 2014-07-01 4 M 0 1650000 0 A 1650000 D Common Stock 2014-07-01 4 F 0 650000 1.65 D 1000000 D Restricted Stock 2014-07-01 4 M 0 1650000 D Common Stock 1650000 1100000 D Transaction has no purchase or share price. On December 21, 2011, Comstock Mining Inc. (the "Company") granted 2,750,000 shares of restricted stock to the reporting person under the Comstock Mining Inc. 2011 Equity Incentive Plan (the "Plan"), subject to vesting. On July 1, 2014, 60% of such shares vested based upon certain time-based requirements of the reporting person's employment agreement and based upon the certification by the compensation committee of the board of directors of the Company of the attainment of both the validation of qualified resources (at least measured and indicated) of at least 2,000,000 ounces of gold equivalent and the completion of three months of consecutive mining operations at an annual production rate of 17,500 gold equivalent ounces. 650,000 shares were withheld to be sold by the Plan's administrator to meet the Company's tax withholding obligations. Each share of Restricted Stock is equivalent to one share of Common Stock. No expiration date. /s/ Corrado F. De Gasperis 2014-07-03