Ownership Submission
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 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 *
SHERBORNE JOHN ELLIOTT JR
  2. Issuer Name and Ticker or Trading Symbol
GEOVIC MINING CORP. [TSX-GMC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President, New Venture
(Last)
(First)
(Middle)
1200 SEVENTEENTH ST, SUITE 980
3. Date of Earliest Transaction (Month/Day/Year)
09/16/2011
(Street)

DENVER, CO 80202
4. If Amendment, Date Original Filed(Month/Day/Year)
09/27/2011
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 (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 09/16/2011 09/16/2011 I   100,000 A $ 0.08 268,955 D  

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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 Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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
(Month/Day/Year)
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
Option to purchase common stock $ 0.08 09/16/2011 09/16/2011 D     100,000 12/01/2006 12/31/2013 Common Stock 100,000 (1) (2) 1,266,031 (1) (2) D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
SHERBORNE JOHN ELLIOTT JR
1200 SEVENTEENTH ST, SUITE 980
DENVER, CO 80202
  X     President, New Venture  

Signatures

 /s/ John E. Sherborne   10/13/2011
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Includes 66,000 options exercisable at USD$0.08 and expiring 11/23/2016; 2,780 options exercisable at USD$0.23 and expiring 11/23/2016; 117,530 options exercisable at USD$0.08 and expiring 12/31/2017; 15,510 options exercisable at USD$0.23 and expiring 12/31/2017; 10,016 options exercisable at USD$0.08 and expiring 12/31/2013; 400,000 options exercisable at USD$0.15 and expiring 12/31/2013; 50,016 options exercisable at USD$0.08 and expiring 12/31/2014; 40,000 options exercisable at USD$0.38 and expiring 12/31/2014; 60,011 options exercisable at USD$1.30 and expiring 12/31/2015; 20,000 options exercisable at USD$1.08 and expiring 08/15/2016; 16,668 options exercisable at USD$1.08 and expiring 08/15/2016; 9,226 options exercisable at CDN$2.36 and expiring 10/26/2017; 78,038 options exercisable at CDN$1.68 and expiring 01/02/2018; [continued on footnote (2)]
(2) 15,000 options exercisable at CDN$0.65 and expiring 02/03/2019; 115,774 options exercisable at CDN$2.36 and expiring 10/26/2017; 46,962 options exercisable at CDN$1.68 and expiring 01/02/2018; 22,500 options exercisable at CDN$0.65 and expiring 02/03/2019; 90,000 options exercisable at CDN$0.90 and expiring 01/10/2020; and 90,000 options exercisable at CDN$0.70 and expiring 01/20/2021.

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