Home > Insider Trading > Filing (0001144204-15-062502)

Filing Details

Accession Number:: 0001144204-15-062502
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2015-11-03 16:30:33
Reporting Period:: 2015-09-18

Filing Date:: 2015-11-03
Accepted Time:: 2015-11-03 16:30:33
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	#100 - 2360 West Horizon Ridge Pkwy. Henderson NV 89052	Ceo And President	Yes	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2015-09-18	21,275	$0.00	388,435	No	4	P	Indirect	By Martin Oring Financial Trust
Common Stock	Acquisiton	2015-09-18	5,750	$0.00	22,550	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

Reported Derivative Transactions

Show Other Fields >>

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Common Stock Purchase Warrants	Acquisiton	2015-09-18	21,275	$0.00	21,275	$0.50
Common Stock	Common Stock Purchase Warrants	Acquisiton	2015-09-18	5,750	$0.00	5,750	$0.50

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
582,975	2015-09-18	2020-09-18	No	4	P	Indirect
2,407,560	2015-09-18	2020-09-18	No	4	P	Indirect

Footnotes

The reported securities are included within 21,275 Units purchased by the Martin Oring Financial Trust for $0.35 per Unit in consideration for the cancellation of $7,446 in debt owing by Searchlight Minerals Corp. (the "Company") to the Martin Oring Financial Trust for September 18, 2015 interest payments due on certain notes. Each Unit consists of one share of common stock and one common stock purchase warrant, where each full warrant will entitle the warrant holder to purchase one share of the Company's common stock at an exercise price of $0.50 per share.
Mrs. Olivia Oring is one of the trustees of the Martin Oring Financial Trust Dated December 20, 2006 ("Financial Trust"), which was created for the benefit of Mr. Oring's children and grandchildren. Mr. Oring has no voting or investment power, direct or indirect, over the Financial Trust.
The reported securities are included within 5,750 Units purchased by the Wealth Preservation Defined Benefit Plan for $0.35 per Unit in consideration for the cancellation of $2,013 in debt owing by the Company to the Wealth Preservation Defined Benefit Plan for September 18, 2015 interest payments due on certain notes. Each Unit consists of one share of common stock and one common stock purchase warrant, where each full warrant will entitle the warrant holder to purchase one share of the Company's common stock at an exercise price of $0.50 per share.
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. Mrs. Olivia Oring is Mr. Oring's wife.