X0306 4 2012-11-20 0 0000008328 Applied Minerals, Inc. AMNL 0001531775 GLEESON WILLIAM 110 GREENE ST. SUITE 1101 NEW YORK NY 10012 0 1 0 0 LEGAL COUNSEL COMMON STOCK OPTION (RIGHT TO BUY) 1.66 2012-11-20 4 A 0 72406 1.66 A 2012-11-20 2022-11-19 COMMON STOCK 72406 972406 D On November 20, 2012 Mr. Gleeson was granted options to purchase 72,406 shares of common stock at $1.66 per share. The options immediately vested on November 20, 2012 and expire 10 years after vesting. The option grant in this filing was previously disclosed on Applied Minerals, Inc.'s Form 8-K filed on November 26, 2012. Includes the following option grants: (i) options to purchase 900,000 shares of common stock at $1.90 per share, granted in August 2011, vesting equally over 36 monthly installments beginning September 15, 2011 and expiring in August 2021; and (ii) options to purchase 72,406 shares of common stock as described in footnote (1). /s/ William Gleeson 2013-04-09