Filing Details
- Accession Number:
- 0001144204-10-057410
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2010-11-04 06:29:09
- Reporting Period:
- 2010-11-01
- Filing Date:
- 2010-11-04
- Accepted Time:
- 2010-11-04 06:29:09
- 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 | 2010-11-01 | 9,700 | $0.63 | 72,352 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2010-11-01 | 4,400 | $0.64 | 67,952 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2010-11-02 | 17,250 | $0.66 | 50,702 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2010-11-02 | 26,500 | $0.67 | 24,202 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2010-11-03 | 5,000 | $0.68 | 19,202 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2010-11-03 | 7,000 | $0.69 | 12,202 | 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 | |
| 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.
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