Sec Form 4 Filing - Groussman Mark @ American Strategic Minerals Corp - 2012-08-03

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Groussman Mark
2. Issuer Name and Ticker or Trading Symbol
American Strategic Minerals Corp [ ASMC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Former Chief Executive Officer
(Last) (First) (Middle)
4400 BISCAYNE BOULEVARD, SUITE #850
3. Date of Earliest Transaction (MM/DD/YY)
08/03/2012
(Street)
MIAMI, FL33137
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 09/14/2012 X( 2 ) 302,970 A 3,340,631 I See Note ( 1 )
Common Stock 11/06/2012 S 100,000 D $ 0.2 3,240,631 I See Note ( 1 )
Common Stock 11/06/2012 S 750,000 D $ 0.2 2,490,631 I See Note ( 1 )
Common Stock 11/08/2012 S 275,000 D $ 0.2 2,215,631 I See Note ( 1 )
Common Stock 11/09/2012 S 250,000 D $ 0.2 1,965,631 I See Note ( 1 )
Common Stock 11/13/2012 P 1,000,000 A $ 0.15 2,965,631 I See Note ( 1 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Securi ty 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Options $ 0.5 08/03/2012 J ( 3 ) 1,500,000 08/03/2012 08/03/2022 Common Stock 1,500,000 ( 3 ) 1,500,000 D
Options $ 0.5 11/14/2012 J ( 3 ) 1,500,000 08/03/2012 08/03/2022 Common Stock 1,500,000 ( 3 ) 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Groussman Mark
4400 BISCAYNE BOULEVARD, SUITE #850
MIAMI, FL33137
Former Chief Executive Officer
Signatures
/s/ Mark Groussman 12/06/2012
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents shares held by Melechdavid, Inc. Mr. Groussman is the President of Melechdavid, Inc. and in such capacity holds voting and dispositive power over shares held by Melechdavid, Inc.
( 2 )Represents shares of common stock received upon the cashless exercise of a warrant to purchase 600,000 shares of the Company's common stock at an exercise price of $0.50 per share. Upon issuance, the 302,970 shares of common stock were assigned to a custodial account for Mr. Groussman's minor child over which Mr. Groussman's wife is custodian. Mr. Groussman disclaims any beneficial ownership over such shares.
( 3 )Represents ten year options to purchase 1,500,000 shares of Common Stock at an exercise price of $0.50 per share issuable to Mr. Groussman pursuant to his employment agreement dated August 3, 2012. The options were issued under the Company's 2012 Equity Incentive Plan. On November 14, 2012, Mr. Groussman agreed to forfeit the options back to the Company for cancellation.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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