|
|
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
|
|
|
|
SCHEDULE 13G
|
|
|
|
Under the Securities Exchange Act of 1934
|
|
|
|
(Amendment No. )
*
|
|
|
|
Applied Minerals, Inc.
|
|
|
|
(Name of Issuer)
|
|
|
|
Common Stock, par value $0.001
|
|
|
|
(Title of Class of Securities)
|
|
|
|
June 5, 2017
|
|
|
|
(Date of Event which Requires Filing of this Statement)
|
|
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
[ ] Rule 13d-1(b)
[x] Rule 13d-1(c)
[ ] Rule 13d-1(d)
___________________________________
*
The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however,
see
the Notes).
|
1
|
Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Berylson Master Fund, LP
Berylson Capital Partners, LLC
James Berylson
|
|
2
|
Check the Appropriate Box if a Member of a Group (See Instructions)
|
|
|
(a) [ ]
|
|
|
(b) [x]
|
|
3
|
SEC Use Only
|
|
4
|
Citizenship or Place of Organization.
Berylson Master Fund, LP - Cayman Islands
Berylson Capital Partners, LLC - Delaware
James Berylson - United States
|
|
Number
of Shares
Beneficially
Owned by
Each
Reporting
Person With
|
5 Sole Voting Power
Berylson Master Fund, LP - 0 shares
Berylson Capital Partners, LLC - 0 shares
James Berylson - 0 shares
|
|
6 Shared Voting Power
Berylson Master Fund, LP - 6,854,249 shares of Common Stock
Berylson Capital Partners, LLC - 6,854,249 shares of Common Stock
James Berylson - 8,127,249 shares of Common Stock
Refer to Item 4 below.
|
|
7 Sole Dispositive Power
Berylson Master Fund, LP - 0 shares
Berylson Capital Partners, LLC - 0 shares
James Berylson - 0 shares
|
|
8 Shared Dispositive Power
Berylson Master Fund, LP - 6,854,249 shares of Common Stock
Berylson Capital Partners, LLC - 6,854,249 shares of Common Stock
James Berylson - 8,127,249 shares of Common Stock
Refer to Item 4 below.
|
|
9
|
Aggregate Amount Beneficially Owned by Each Reporting Person
Berylson Master Fund, LP - 6,854,249 shares of Common Stock
Berylson Capital Partners, LLC - 6,854,249 shares of Common Stock
James Berylson – 8,127,249 shares of Common Stock
Refer to Item 4 below.
|
|
10
|
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] N/A
|
|
11
|
Percent of Class Represented by Amount in Row (9)*
Berylson Master Fund, LP - 6.1%
Berylson Capital Partners, LLC - 6.1%
James Berylson - 7.2%
Refer to Item 4 below.
|
|
12
|
Type of Reporting Person (See Instructions)
Berylson Master Fund, LP - PN (Limited Partnership)
Berylson Capital Partners, LLC - OO (Limited Liability Company)
James Berylson – IN
|
|
(a)
|
Name of Issuer
|
|
|
Applied Minerals, Inc.
|
|
(b)
|
Address of Issuer’s Principal Executive Offices
|
|
|
55 Washington Street - Suite 301
Brooklyn, NY 11201
|
|
(a)
|
Name of Person Filing
|
|
|
Berylson Master Fund, LP
Berylson Capital Partners, LLC
James Berylson
|
|
(b)
|
Address of Principal Business Office or, if none, Residence
|
|
|
Berylson Master Fund, LP
Berylson Capital Partners, LLC
James Berylson
c/o Berylson Capital Partners, LLC
200 Clarendon Street, 50th Floor
Boston, MA 02116
|
|
(c)
|
Citizenship
|
|
|
Berylson Master Fund, LP - Cayman Islands
Berylson Capital Partners, LLC - Delaware
James Berylson - United States
|
|
(d)
|
Title of Class of Securities
|
|
|
Common Stock, par value $0.001
|
|
(e)
|
CUSIP Number
|
|
|
03823M100
|
|
Item 3.
|
If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
|
|
(a)
|
[ ]
|
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
|
|
(b)
|
[ ]
|
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
|
|
(c)
|
[ ]
|
Insurance Company as defined in Section 3(a)(19) of the Act
|
|
(d)
|
[ ]
|
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).
|
|
(e)
|
[ ]
|
An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
|
|
(f)
|
[ ]
|
An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
|
|
(g)
|
[ ]
|
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
|
|
(h)
|
[ ]
|
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
|
|
(i)
|
[ ]
|
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
|
|
(j)
|
[ ]
|
A non-U.S. institution in accordance with §240.13d–1(b)(1)(ii)(J);
|
|
(k)
|
[ ]
|
Group, in accordance with §240.13d-1(b)(1)(ii)(K).
|
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
Shares reported herein for Berylson Master Fund, LP (the “Fund”) represent 2,304,381 shares held of record by the Fund and 4,549,868 shares (the “Conversion Shares”) issuable upon the conversion of certain convertible notes owned and held of record by the Fund. Shares reported herein for Berylson Capital Partners, LLC (“Berylson Capital”) represent the above-referenced shares reported for the Fund, for which Berylson Capital serves as the investment manager. Shares reported herein for Mr. Berylson represent the above-referenced shares reported for the Fund and Berylson Capital, and 1,273,000 additional shares held of record by Mr. Berylson. Mr. Berylson is the sole owner and managing member of Berylson Capital. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest therein.
The percentages herein are calculated based upon the Issuer’s Quarterly Report on Form 10-Q, as filed with the United States Securities and Exchange Commission on May 15, 2017, stating that there were 108,613,549 outstanding shares of common stock, $0.001 par value, per share (the “Common Stock”), of the Issuer as of May 8, 2017 plus the Conversion Shares.
|
(a)
|
Amount Beneficially Owned**
|
|
|
Berylson Master Fund, LP - 6,854,249 shares of Common Stock
Berylson Capital Partners, LLC - 6,854,249 shares of Common Stock
James Berylson - 8,127,249 shares of Common Stock
|
|
(b)
|
Percent of Class
|
|
|
Berylson Master Fund, LP - 6.1%
Berylson Capital Partners, LLC - 6.1%
James Berylson – 7.2%
|
|
(c)
|
Number of shares as to which such person has:
|
|
|
(i)
|
sole power to vote or to direct the vote
|
|
|
|
Berylson Master Fund, LP - 0 shares
Berylson Capital Partners, LLC - 0 shares
James Berylson - 0 shares
|
|
|
(ii)
|
shared power to vote or to direct the vote
|
|
|
|
Berylson Master Fund, LP - 6,854,249 shares of Common Stock
Berylson Capital Partners, LLC - 6,854,249 shares of Common Stock
James Berylson - 8,127,249 shares of Common Stock
|
|
|
(iii)
|
sole power to dispose or to direct the disposition of
|
|
|
|
Berylson Master Fund, LP - 0 shares
Berylson Capital Partners, LLC - 0 shares
James Berylson - 0 shares
|
|
|
(iv)
|
shared power to dispose or to direct the disposition of
|
|
|
|
Berylson Master Fund, LP - 6,854,249 shares of Common Stock
Berylson Capital Partners, LLC - 6,854,249 shares of Common Stock
James Berylson - 8,127,249 shares of Common Stock
|
|
Item 5
.
|
Ownership of Five Percent or Less of a Class
|
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ].
|
Item 6
.
|
Ownership of More than Five Percent on Behalf of Another Person
|
|
|
Not applicable.
|
|
Item 7
.
|
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person
|
|
|
Not applicable.
|
|
Item 8.
|
Identification and Classification of Members of the Group
|
|
|
Not applicable.
|
|
Item 9.
|
Notice of Dissolution of Group
|
|
|
Not applicable.
|
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
|
Exhibits
|
Exhibit
|
|
99.1
|
Joint Filing Agreement by and among the Reporting Persons, incorporated by reference to Exhibit 99.1 to the Schedule 13D filed by the Reporting Persons with the United States Securities and Exchange Commission on May 1, 2015.
|
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Statement is true, complete and correct.
|
|
|
|
|
BERYLSON MASTER FUND, LP
|
|
|
|
|
|
By: Berylson Capital Partners GP, LLC,
|
|
|
its General Partner
|
|
|
|
|
|
By: /s/ James Berylson
|
|
|
James Berylson, Managing Member
|
|
|
|
|
|
|
|
|
BERYLSON CAPITAL PARTNERS, LLC
|
|
|
|
|
|
By: /s/ James Berylson
|
|
|
James Berylson, Managing Member
|
|
|
|
|
|
|
|
|
JAMES BERYLSON
|
|
|
|
|
|
By: /s/ James Berylson
|
|
|
James Berylson, Individually
|
|
|
|