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Filing Details

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
Common Stock	Disposition	2010-10-27	800	$0.60	167,052	No	4	S	Direct
Common Stock	Disposition	2010-10-29	25,000	$0.60	142,052	No	4	S	Direct
Common Stock	Disposition	2010-10-29	25,000	$0.63	117,052	No	4	S	Direct
Common Stock	Disposition	2010-10-29	10,000	$0.64	107,052	No	4	S	Direct
Common Stock	Disposition	2010-10-29	10,000	$0.64	97,052	No	4	S	Direct
Common Stock	Disposition	2010-10-29	15,000	$0.65	82,052	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
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

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.
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.
On October 29, 2010, the reporting person filed an amendment to the Form 4 originally filed by the reporting person on October 13, 2010. The purpose of the amendment was to correct a typographical error in the number of shares reported to be sold by the reporting person on October 11, 2010. As a result of the amendment, immediately prior to the first sale reported on this Form 4, the reporting person beneficially owned 167,852 shares of the issuer's outstanding common stock.