X0306 4 2015-02-12 0000008328 Applied Minerals, Inc. AMNL 0001588715 CONCHA MARIO 110 GREENE ST., STE 1101 NEW YORK NY 10012 1 COMMON STOCK 2015-02-12 4 A 0 50000 0.66 A 92775 D COMMON STOCK OPTION (RIGHT TO BUY) 0.66 2015-02-12 4 A 0 50000 0.66 A 2015-03-31 2025-02-11 COMMON STOCK 50000 100000 D 50% of Shares will vest one yr after the Date of Grant and 50% will vest two yrs after the Date of Grant;provided that the shares will vest earlier upon death,Disability(as defined in the 2012 Long Term Incentive Plan),resignation from the Board of Directors for health reasons,failure to be included in the list of nominees of the Board of Directors for election at the next annual meeting of shareholders at a time when such person is willing to be a bonafide nominee(the lapse of restrictions occurring at such time the Board makes such determination),failure to be reelected as a director at an annual meeting of shareholders if he was a nominee of the Board of Directors,or Change in Control.In the event of the termination of the Grantee's service as a director of the Company for any reason prior vesting of all of the Restricted Stock,such portion of the restricted stock held by the grantee that has not vested shall be automatically forfeited by the grantee as of the date of termination On February 12, 2015 Mr. Concha was granted options to purchase 50,000 shares of common stock. 25% vest on a quarterly basis starting March 31, 2015 and ending December 31, 2015. The option grant in this filing was approved by the Applied Minerals, Inc. Board of Directors. /s/ Mario Concha 2015-02-17