Edgar Filing: Comstock Mining Inc.

Ownership Submission

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Â INTERGROUP CORP

2. Date of Event Requiring Statement (Month/Day/Year)
10/20/2010

3. Issuer Name and Ticker or Trading Symbol
Comstock Mining Inc. [LODE]

(Last)

(First)

(Middle)

10940 WILSHIRE BLVD.,Â SUITE 2150

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	__X__ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

5. If Amendment, Date Original Filed(Month/Day/Year)

(Street)

LOS ANGELES,Â CAÂ 90024

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 Beneficially Owned

1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	537,070	D	Â
Common Stock	217,096	I	by Santa Fe Financial Corporation ⁽¹⁾
Common Stock	426,307	I	by Portsmouth Sqaure, Inc. ⁽²⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
7 1/2% Series A-1 Preferred Convertible Stock (6,572 shares ⁽³⁾	10/20/2010⁽³⁾	Â ⁽³⁾	Common Stock	10,094,592 ⁽³⁾	$ 0.651 ⁽³⁾	D	Â
7 1/2% Series A-1 Convertible Preferred Stock (2,249 shares) ⁽³⁾	10/20/2010⁽³⁾	Â ⁽³⁾	Common Stock	3,454,464 ⁽³⁾	$ 0.651 ⁽³⁾	I	by Santa Fe ⁽¹⁾
7 1/2% Series A-1 Convertible Preferred Stock (4,410 shares) ⁽³⁾	10/20/2010⁽³⁾	Â ⁽³⁾	Common Stock	6,773,260 ⁽³⁾	$ 0.651 ⁽³⁾	I	by Portsmouth ⁽²⁾
Warrants to Purchase Common Stock	Â ⁽⁴⁾	Â ⁽⁵⁾	Common Stock	40,000	$ 4	D	Â
Warrants to Purchase Common Stock	Â ⁽⁴⁾	Â ⁽⁶⁾	Common Stock	20,000	$ 4	I	by Santa Fe ⁽¹⁾
Warrants to Purchase Common Stock	Â ⁽⁴⁾	Â ⁽⁵⁾	Common Stock	40,000	$ 4	I	by Portsmouth ⁽²⁾
Warrants to Purchase Common Stock	Â ⁽⁴⁾	Â ⁽⁷⁾	Common Stock	87,500	$ 3.5	D	Â
Warrants to Purchase Common Stock	Â ⁽⁴⁾	Â ⁽⁸⁾	Common Stock	43,750	$ 3.5	I	by Santa Fe ⁽¹⁾
Warrants to Purchase Common Stock	Â ⁽⁴⁾	Â ⁽⁷⁾	Common Stock	87,500	$ 3.5	I	by Portsmouth ⁽²⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
INTERGROUP CORP 10940 WILSHIRE BLVD. SUITE 2150 LOS ANGELES,Â CAÂ 90024	Â	Â X	Â	Â

Signatures

The InterGroup Corporation by /s/ Michael G. Zybala, Asst. Secretary and General Counsel		11/01/2010
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(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).
(1)	Santa Fe Financial Corporation ("Santa Fe") is a 76%-owned subsidiary of The InterGroup Corporation ("InterGroup").
(2)	Portsmouth Square, Inc. ("Portsmouth") is a 68.8%-owned subsidiary of Santa Fe. InterGroup owns an additional 11.7% of Portsmouth.
(3)	Each share of 7 1/2% Series A-1 Convertible Preferred Stock ("A-1 Preferred") has a stated value of $1,000 per share and can be converted into shares of Common Stock at the holder's election at a rate of $0.651 per share (subject to certain adjustments). A-1 Preferred shares are convertible at any time after issuance (10/20/2010) and have no expiration.
(4)	All Warrants are presently exercisable.
(5)	Warrants expire as follow: April 30, 2013 - 10,000 shares; June 7, 2013 - 10,000; and August 12, 2013 - 20,000 shares.
(6)	Warrants expire as follow: April 30, 2013 - 5,00 shares; June 7, 2013 - 5,000 shares; August 12, 2013 - 10,000 shares.
(7)	Warrants expire as follow:December 9, 2012 - 12,500 shares; January 19, 2013 - 12,500 shares; April 20, 2013 - 12,500 shares; May 11, 2013 - 12,500 shares; June 8, 2013 - 12,500 shares; June 14, 2013 - 12,500 shares; and June 21, 2013 -12,500 shares.
(8)	Warrants expire as follow: December 9, 2012 - 6,250 shares; January 19, 20103 - 6,250 shares; April 20, 2013 - 6,250 shares; May 11, 2013 - 6,250 shares; June 8, 2013 - 6,250 shares; June 14, 2013 - 6,250 shares; and June 21, 2013 - 6,250 shares.

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