Filing Details

Accession Number:
0001144204-10-055702
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-10-27 12:34:50
Reporting Period:
2010-10-22
Filing Date:
2010-10-27
Accepted Time:
2010-10-27 12:34:50
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1084226 Searchlight Minerals Corp. SRCH Metal Mining (1000) 980232244
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1332724 S Carl Ager 2441 W. Horizon Ridge Pkwy
Suite #120
Henderson NV 89052
Vp, Secretary And Treasurer Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2010-10-22 1,000 $0.61 170,593 No 4 S Direct
Common Stock Disposition 2010-10-25 1,000 $0.61 169,593 No 4 S Direct
Common Stock Disposition 2010-10-26 1,850 $0.60 167,743 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 S Direct
No 4 S Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Non-Qualified Stock Options $0.44 2005-11-21 2010-11-21 500,000 500,000 Direct
Common Stock Non-Qualified Stock Options $1.70 2006-04-07 2011-04-07 60,000 60,000 Direct
Common Stock Non-Qualified Stock Options $2.40 2006-06-06 2011-06-06 250,000 250,000 Direct
Common Stock Non-Qualified Stock Options $4.04 2007-02-16 2012-02-16 24,800 24,800 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2010-11-21 500,000 500,000 Direct
2011-04-07 60,000 60,000 Direct
2011-06-06 250,000 250,000 Direct
2012-02-16 24,800 24,800 Direct
Footnotes
  1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person and Jeffries effective September 29, 2010.
  2. Does not include any securities owned by Nanominerals. Mr. Ager is a 17.5% stockholder of Nanominerals, a company that owns 16,400,000 of the issuer's outstanding shares of common stock and warrants to purchase up to 200,000 shares of common stock. However, Mr. Ager does not have any voting or investment powers over the 16,400,000 shares or the 200,000 warrants owned by Nanominerals . For purposes of Section 16, Mr. Ager disclaims beneficial ownership of Nanominerals' securities, except to the extent of his pecuniary interest, if any, therein. This report shall not be deemed an admission that Mr. Ager is the beneficial owner of Nanominerals' securities for purposes of Section 16 or for any other purpose .