Filing Details
- Accession Number:
- 0001144204-15-018037
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2015-03-24 14:46:04
- Reporting Period:
- 2015-03-18
- Filing Date:
- 2015-03-24
- Accepted Time:
- 2015-03-24 14:46:04
- 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 |
---|---|---|---|---|---|---|---|
1246393 | B Martin Oring | 7582 Hawks Landing Drive West Palm Beach FL 33412 | Ceo And President | 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 | Acquisiton | 2015-03-18 | 29,785 | $0.25 | 367,160 | No | 4 | P | Indirect | By Martin Oring Financial Trust |
Common Stock | Acquisiton | 2015-03-18 | 8,050 | $0.25 | 516,800 | No | 4 | P | Indirect | By Wealth Preservation Defined Benefit Plan |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | P | Indirect | By Martin Oring Financial Trust |
No | 4 | P | Indirect | By Wealth Preservation Defined Benefit Plan |
Footnotes
- The reported securities were purchased by the Martin Oring Financial Trust for $0.25 per share in consideration for the cancellation of $7,446 in debt owing by Searchlight Minerals Corp. (the "Company") to the Martin Oring Financial Trust for March18, 2015 interest payments due on certain notes.
- Mrs. Olivia Oring is one of the trustees of the Martin Oring Financial Trust Dated December 20, 2006, which was created for the benefit of Mr. Oring's children and grandchildren. Mrs. Olivia Oring is Mr. Oring's wife.
- The reported securities were purchased by the Wealth Preservation Defined Benefit Plan for $0.25 per share in consideration for the cancellation of $2,013 in debt owing by the Company to the Wealth Preservation Defined Benefit Plan for March 18, 2015 interest payments due on certain notes.
- These shares are held by Wealth Preservation, Defined Benefit Plan, of which Mr. Martin Oring and Mrs. Olivia Oring are sole beneficiaries and trustees, and in such capacity are deemed to hold voting and dispositive power over the securities held by the Wealth Preservation Defined Benefit Plan.