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