Aqua Metals, Inc. — Director's Dealing 2015

Aug 25, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Aqua Metals, Inc. (AQMS)
CIK: 0001621832
Period of Report: 2015-08-21

Reporting Person: Clarke Stephen R. (Director, President and CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-08-21	Common Stock	P	2500	$4.9543	Acquired	1006137	Direct
2015-08-24	Common Stock	P	2500	$4.7278	Acquired	1008637	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	732559	Indirect

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.85 to $5.00, inclusive. The reporting person undertakes to provide to Aqua Metals, Inc. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnotes (1) and (2) to this Form 4.

F2: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.65 to $4.85, inclusive.

F3: The shares are owned directly by AIC Nevada, Inc. ("AIC"), and indirectly by Mr. Clarke, who is a director of AIC and is considered to have voting and dispositive power over the shares held by AIC. Mr. Clarke is the President and Chief Executive Officer, a director and a 10% stockholder of the Issuer.