0000932440-11-001244.txt : 20111223
0000932440-11-001244.hdr.sgml : 20111223
20111223160548
ACCESSION NUMBER: 0000932440-11-001244
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20111221
FILED AS OF DATE: 20111223
DATE AS OF CHANGE: 20111223
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: DEGASPERIS CORRADO F
CENTRAL INDEX KEY: 0001066127
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35200
FILM NUMBER: 111280477
MAIL ADDRESS:
STREET 1: C/O NOVAMERICAN STEEL INC.
STREET 2: 1050 UNIVERSITY AVENUE
CITY: NORWOOD
STATE: MA
ZIP: 02062
FORMER NAME:
FORMER CONFORMED NAME: DEGASPERIS CORRADO S
DATE OF NAME CHANGE: 19980716
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Comstock Mining Inc.
CENTRAL INDEX KEY: 0001120970
STANDARD INDUSTRIAL CLASSIFICATION: GOLD & SILVER ORES [1040]
IRS NUMBER: 650955118
STATE OF INCORPORATION: NV
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1200 AMERICAN FLAT ROAD
CITY: GOLD HILL,
STATE: NV
ZIP: 89440
BUSINESS PHONE: 480-505-4040
MAIL ADDRESS:
STREET 1: P.O. BOX 1118
CITY: VIRGINIA CITY,
STATE: NV
ZIP: 85255
FORMER COMPANY:
FORMER CONFORMED NAME: GOLDSPRING INC
DATE OF NAME CHANGE: 20040730
FORMER COMPANY:
FORMER CONFORMED NAME: GOLDSPRING
DATE OF NAME CHANGE: 20030821
FORMER COMPANY:
FORMER CONFORMED NAME: STARTCALL COM INC
DATE OF NAME CHANGE: 20010305
4
1
edgar.xml
PRIMARY DOCUMENT
X0304
4
2011-12-21
0001120970
Comstock Mining Inc.
LODE
0001066127
DEGASPERIS CORRADO F
C/O COMSTOCK MINING INC.
P.O. BOX 1118
VIRGINIA CITY
NV
89440
1
1
0
0
CEO, Pres., PFO
Common Stock
2011-12-21
4
A
0
2750000
0
A
2750000
D
On December 21, 2011, Comstock Mining Inc. (the "Company") granted 2,750,000 shares of restricted stock to the reporting person subject to vesting in accordance with the Restricted Stock Agreement entered into under the Comstock Mining Inc. 2011 Equity Incentive Plan.
Includes 2,750,000 shares of restricted stock, which vest as follows: (i) 20% upon the certification by the compensation committee of the board of directors of the Company of the attainment of both the validation of qualified resources (at least measured and indicated) and reserves (probable and proven) aggregating to at least 1,000,000 ounces of gold equivalent and completion of the first metal pour from the mining operations; (ii) 20% upon the certification by the Committee of the attainment of both the validation of qualified resources (at least measured and indicated) and reserves (probable and proven) aggregating to at least 1,500,000 ounces of gold equivalent and the completion of three months of consecutive mining operations at an annual production rate of 15,000 ounces of gold equivalent;
[footnote 2 continued] (iii) 20% upon the certification by the Committee of the attainment of both the validation of qualified resources (at least measured and indicated) and reserves (probable and proven) aggregating to at least 2,000,000 ounces of gold equivalent and the completion of three months of consecutive mining operations at an annual production rate of 17,500 ounces of gold equivalent; and
[footnote 3 continued] (iv) the remaining 40% upon the certification by the Committee of the attainment of both the validation of qualified resources (at least measured and indicated) and reserves (probable and proven) aggregating to at least 3,250,000 ounces of gold equivalent and the completion of three months of consecutive mining operations at an annual production rate of 20,000 ounces of gold equivalent. If a change in control of the Company occurs, all unvested restricted stock vests immediately. A portion of the shares may vest following termination of Mr. DeGasperis' employment by the Company if certain conditions are met. Any portion of the restricted stock that does not vest by the fifth anniversary of the date of grant will be forfeited.
/s/ Corrado F. De Gasperis
2011-12-22