0000911916-16-000636.txt : 20160803
0000911916-16-000636.hdr.sgml : 20160803
20160803160829
ACCESSION NUMBER: 0000911916-16-000636
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160801
FILED AS OF DATE: 20160803
DATE AS OF CHANGE: 20160803
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Applied Minerals, Inc.
CENTRAL INDEX KEY: 0000008328
STANDARD INDUSTRIAL CLASSIFICATION: MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400]
IRS NUMBER: 820096527
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 110 GREENE STREET
STREET 2: SUITE 1101
CITY: NEW YORK
STATE: NY
ZIP: 10012
BUSINESS PHONE: 212-226-4256
MAIL ADDRESS:
STREET 1: 110 GREENE STREET
STREET 2: SUITE 1101
CITY: NEW YORK
STATE: NY
ZIP: 10012
FORMER COMPANY:
FORMER CONFORMED NAME: ATLAS MINING CO
DATE OF NAME CHANGE: 19990716
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: IBS TURNAROUND FUND (QP) (A LTD PARTNERSHIP)
CENTRAL INDEX KEY: 0001415021
STATE OF INCORPORATION: MA
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-31380
FILM NUMBER: 161803889
BUSINESS ADDRESS:
STREET 1: ONE INTERNATIONAL PLACE
STREET 2: 31ST FLOOR
CITY: BOSTON
STATE: MA
ZIP: 02110
BUSINESS PHONE: (617) 261-5327
MAIL ADDRESS:
STREET 1: ONE INTERNATIONAL PLACE
STREET 2: 31ST FLOOR
CITY: BOSTON
STATE: MA
ZIP: 02110
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: TAFT DAVID A
CENTRAL INDEX KEY: 0001448562
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-31380
FILM NUMBER: 161803890
MAIL ADDRESS:
STREET 1: ONE INTERNATIONAL PLACE
STREET 2: 31ST FLOOR
CITY: BOSTON
STATE: MA
ZIP: 02110
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: IBS CAPITAL LLC
CENTRAL INDEX KEY: 0001414860
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-31380
FILM NUMBER: 161803891
BUSINESS ADDRESS:
STREET 1: ONE INTERNATIONAL PLACE
STREET 2: 31ST FLOOR
CITY: BOSTON
STATE: MA
ZIP: 02110
BUSINESS PHONE: (617) 310-5160
MAIL ADDRESS:
STREET 1: ONE INTERNATIONAL PLACE
STREET 2: 31ST FLOOR
CITY: BOSTON
STATE: MA
ZIP: 02110
4
1
edgar.xml
PRIMARY DOCUMENT
X0306
4
2016-08-01
0000008328
Applied Minerals, Inc.
AMNL
0001414860
IBS CAPITAL LLC
ONE INTERNATIONAL PLACE, SUITE 3120
BOSTON
MA
02110
0
0
1
0
0001448562
TAFT DAVID A
ONE INTERNATIONAL PLACE, SUITE 3120
BOSTON
MA
02110
1
0
0
0
0001415021
IBS TURNAROUND FUND (QP) (A LTD PARTNERSHIP)
ONE INTERNATIONAL PLACE, SUITE 3120
BOSTON
MA
02110
0
0
1
0
Stock Option (Right to Buy)
.25
2016-08-01
4
A
0
50000
0
A
2016-08-01
2021-08-01
Common Stock
50000
50000
I
See footnote
This Form 4 is being filed on behalf of IBS Capital LLC ("IBS Capital"), The IBS Turnaround Fund (QP) (A Limited Partnership) (the "QP Fund"), and David A. Taft (IBS Capital, the QP Fund and David A. Taft are each a "Reporting Person" and collectively the "Reporting Persons"), each of which has the same business address and may have a pecuniary interest in the securities reported herein. IBS Capital is the general partner of QP Fund and The IBS Turnaround Fund, L.P. (the "LP Fund"). IBS Capital is the investment manager of The IBS Opportunity Fund, Ltd. (the "Opportunity Fund") (the QP Fund, the LP Fund and the Opportunity Fund are hereinafter referred to as the "IBS Capital Funds"). David A. Taft is a director of Applied Minerals, Inc. (the "Issuer") and president and a member of IBS Capital.
David A. Taft, received 50,000 stock options for the Issuer's common stock (the "Options") as compensation for his service as a director of the Issuer. The Options will be allocated to the IBS Capital Funds so that, following such allocation: (i) 30,100 Options were directly beneficially owned by QP Fund, (ii) 16,000 Options were directly beneficially owned by LP Fund and (iii) 3,900 Options were directly beneficially owned by Opportunity Fund.
The Reporting Persons each disclaim any beneficial ownership of the securities except to the extent of any pecuniary interest.
David A. Taft, President of IBS Capital LLC
2016-08-03
David A. Taft
2016-08-03
David A. Taft, President of IBS Capital LLC, the general partner of The IBS Turnaround Fund (QP)(A Limited Partnership)
2016-08-03