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Filing Details

Accession Number:: 0001140361-16-058787
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2016-03-22 21:57:44
Reporting Period:: 2016-03-18

Filing Date:: 2016-03-22
Accepted Time:: 2016-03-22 21:57:44
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	Director	Officer	Large Shareholder	Other
1270742	Lcg Holdings Llc	1114 Avenue Of The Americas 29Th Floor New York NY 10036	No	No	Yes	No
1316580	Luxor Capital Group, Lp	1114 Avenue Of The Americas 29Th Floor New York NY 10036	No	No	Yes	No
1356913	Ltd Offshore Partners Capital Luxor	C/O M&Amp;C Corporate Svcs Ltd Po Box 309 Gt Ugland House George Town E9 00000	No	No	Yes	No
1393021	Luxor Capital Partners, Lp	1114 Avenue Of The Americas 29Th Floor New York NY 10036	No	No	Yes	No
1434200	Ltd Offshore Spectrum Luxor	C/O Maples Corporate Services Ltd P.o. Box 309 Gt George Town E9 KY1-1104	No	No	Yes	No
1479129	Luxor Wavefront, Lp	1114 Avenue Of The Americas 29Th Floor New York NY 10036	No	No	Yes	No
1609548	Thebes Partners Offshore, Ltd.	C/O Maples Corporate Services Limited Box 309, Ugland House Grand Cayman E9 KY1-1104	No	No	Yes	No
1649417	Thebes Offshore Master Fund, Lp	C/O Maples Corporate Services Limited Box 309, Ugland House Grand Cayman E9 KY1-1104	No	No	Yes	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, Par Value $.001	Acquisiton	2016-03-18	55,742,143	$0.00	68,197,288	No	4	J	Indirect	By Luxor Capital Partners, LP
Common Stock, Par Value $.001	Acquisiton	2016-03-18	2,010,857	$0.00	2,868,437	No	4	J	Indirect	By Separately Managed Account
Common Stock, Par Value $.001	Acquisiton	2016-03-18	18,363,857	$0.00	21,021,710	No	4	J	Indirect	By Luxor Wavefront, LP
Common Stock, Par Value $.001	Acquisiton	2016-03-18	768,857	$0.00	1,114,376	No	4	J	Indirect	By Thebes Offshore Master Fund, LP
Common Stock, Par Value $.001	Acquisiton	2016-03-18	11,144,914	$0.04	79,342,202	No	4	P	Indirect	By Luxor Capital Partners, LP
Common Stock, Par Value $.001	Acquisiton	2016-03-18	31,712,229	$0.04	37,179,695	No	4	P	Indirect	By Luxor Capital Partners Offshore Master Fund, LP

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	J	Indirect	By Luxor Capital Partners, LP
No	4	J	Indirect	By Separately Managed Account
No	4	J	Indirect	By Luxor Wavefront, LP
No	4	J	Indirect	By Thebes Offshore Master Fund, LP
No	4	P	Indirect	By Luxor Capital Partners, LP
No	4	P	Indirect	By Luxor Capital Partners Offshore Master Fund, LP

Reported Derivative Transactions

Show Other Fields >>

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock, Par Value $.001	Warrant (Right to Buy)	Disposition	2016-03-18	247,706	$0.00	247,706	$1.27
Common Stock, Par Value $.001	Warrant (Right to Buy)	Acquisiton	2016-03-18	247,706	$0.00	247,706	$1.27
Common Stock, Par Value $.001	Warrant (Right to Buy)	Disposition	2016-03-18	28,618	$0.00	28,618	$1.27
Common Stock, Par Value $.001	Warrant (Right to Buy)	Acquisiton	2016-03-18	28,618	$0.00	28,618	$1.27
Common Stock, Par Value $.001	Warrant (Right to Buy)	Disposition	2016-03-18	3,275,074	$0.00	1,686,562	$1.27
Common Stock, Par Value $.001	Warrant (Right to Buy)	Acquisiton	2016-03-18	3,275,074	$0.00	1,686,562	$1.27
Common Stock, Par Value $.001	Warrant (Right to Buy)	Disposition	2016-03-18	109,506	$0.00	109,506	$1.27
Common Stock, Par Value $.001	Warrant (Right to Buy)	Acquisiton	2016-03-18	109,506	$0.00	109,506	$1.27
Common Stock, Par Value $.001	Warrant (Right to Buy)	Disposition	2016-03-18	1,730,303	$0.00	1,730,303	$1.27
Common Stock, Par Value $.001	Warrant (Right to Buy)	Acquisiton	2016-03-18	1,730,303	$0.00	1,730,303	$1.27
Common Stock, Par Value $.001	Secured Convertible Promissory Notes	Disposition	2016-03-18	0	$0.00	0	$0.00
Common Stock, Par Value $.001	Secured Convertible Promissory Notes	Disposition	2016-03-18	0	$0.00	0	$0.00
Common Stock, Par Value $.001	Secured Convertible Promissory Notes	Disposition	2016-03-18	0	$0.00	0	$0.00
Common Stock, Par Value $.001	Secured Convertible Promissory Notes	Disposition	2016-03-18	0	$0.00	0	$0.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2016-11-30	No	4	J	Indirect
247,706	2017-11-30	No	4	J	Indirect
0	2016-11-30	No	4	J	Indirect
28,618	2017-11-30	No	4	J	Indirect
0	2016-11-30	No	4	J	Indirect
1,686,562	2017-11-30	No	4	J	Indirect
0	2016-11-30	No	4	J	Indirect
109,506	2017-11-30	No	4	J	Indirect
0	2016-11-30	No	4	J	Indirect
1,730,303	2017-11-30	No	4	J	Indirect
0		No	4	J	Indirect
0		No	4	J	Indirect
0		No	4	J	Indirect
0		No	4	J	Indirect

Footnotes

This Form 4 is filed jointly by Luxor Capital Group, LP ("Luxor Capital Group"), Luxor Capital Partners, LP ("Onshore Fund"), Luxor Capital Partners Offshore, Ltd. ("Offshore Feeder Fund"), Luxor Spectrum Offshore, Ltd. ("Spectrum Feeder Fund"), Luxor Spectrum, LLC ("Spectrum Onshore Fund"), Luxor Wavefront, LP ("Wavefront Fund"), Thebes Partners Offshore, Ltd. ("Thebes Feeder Fund"), LCG Holdings, LLC ("LCG Holdings"), Luxor Management, LLC ("Luxor Management") and Christian Leone (collectively, the "Reporting Persons").
Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that may be deemed to collectively beneficially own more than 10% of the Issuer's outstanding shares of Common Stock. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.
Securities acquired in connection with the Reporting Persons' conversion of Secured Convertible Promissory Notes, dated September 18, 2013 (the "Notes"), pursuant to an Amendment to the Notes that allowed the Reporting Persons to convert the Notes into shares of Common Stock at a rate of $0.035 per share.
Securities owned directly by Onshore Fund. Each of LCG Holdings and Luxor Capital Group, as the general partner and investment manager, respectively, of Onshore Fund, may be deemed to beneficially own the securities owned directly by Onshore Fund. Luxor Management, as the general partner of Luxor Capital Group, and Christian Leone, as the managing member of each of LCG Holdings and Luxor Management, may be deemed to beneficially own the securities owned directly by Onshore Fund.
Securities held in an account separately managed by Luxor Capital Group (the "Separately Managed Account"). Luxor Capital Group, as the investment manager of the Separately Managed Account, may be deemed to beneficially own the securities held in the Separately Managed Account. Luxor Management, as the general partner of Luxor Capital Group, and Christian Leone, as the managing member of Luxor Management, may be deemed to beneficially own the securities held in the Separately Managed Account.
Securities owned directly by Wavefront Fund. Each of LCG Holdings and Luxor Capital Group, as the general partner and investment manager, respectively, of Wavefront Fund, may be deemed to beneficially own the securities owned directly by Wavefront Fund. Luxor Management, as the general partner of Luxor Capital Group, and Christian Leone, as the managing member of each of LCG Holdings and Luxor Management, may be deemed to beneficially own the securities owned directly by Wavefront Fund.
Securities owned directly by Thebes Offshore Master Fund, LP ("Thebes Master Fund"). Thebes Feeder Fund, the owner of a controlling interest in, and together with a minority investor, the owner of 100% of the interests in Thebes Master Fund, may be deemed to beneficially own the securities owned directly by Thebes Master Fund. Each of LCG Holdings and Luxor Capital Group, as the general partner and investment manager, respectively, of Thebes Master Fund, may be deemed to beneficially own the securities owned directly by Thebes Master Fund. Luxor Management, as the general partner of Luxor Capital Group, and Christian Leone, as the managing member of each of LCG Holdings and Luxor Management, may be deemed to beneficially own the securities owned directly by Thebes Master Fund.
Securities owned directly by Luxor Capital Partners Offshore Master Fund, LP ("Offshore Master Fund"). Offshore Feeder Fund, as the owner of a controlling interest in Offshore Master Fund, may be deemed to beneficially own the securities owned directly by Offshore Master Fund. Each of LCG Holdings and Luxor Capital Group, as the general partner and investment manager, respectively, of Offshore Master Fund, may be deemed to beneficially own the securities owned directly by Offshore Master Fund. Luxor Management, as the general partner of Luxor Capital Group, and Christian Leone, as the managing member of each of LCG Holdings and Luxor Management, may be deemed to beneficially own the securities owned directly by Offshore Master Fund.
The disclosed transaction is the result of an amendment to the expiration dates of certain outstanding Warrants as approved by the Issuer's Board of Directors. Prior to the amendment, the Warrants were set to expire on November 30, 2016. The Warrants are now set to expire on November 30, 2017. The terms and conditions of the Warrants remain the same in all other respects.
The Reporting Persons have agreed that the Warrants shall not be exercisable until at least September 18, 2016.
Securities owned directly by Luxor Spectrum Offshore Master Fund, LP ("Spectrum Master Fund"). Spectrum Feeder Fund, as the owner of a controlling interest in Spectrum Master Fund, may be deemed to beneficially own the securities owned directly by Spectrum Master Fund. Each of LCG Holdings and Luxor Capital Group, as the general partner and investment manager, respectively, of Spectrum Master Fund, may be deemed to beneficially own the securities owned directly by Spectrum Master Fund. Luxor Management, as the general partner of Luxor Capital Group, and Christian Leone, as the managing member of each of LCG Holdings and Luxor Management, may be deemed to beneficially own the securities owned directly by Spectrum Master Fund.
Securities owned directly by Spectrum Onshore Fund. LCG Holdings, as the managing member of Spectrum Onshore Fund, may be deemed to beneficially own the securities owned directly by Spectrum Onshore Fund. Christian Leone, as the managing member of LCG Holdings, may be deemed to beneficially own the securities owned directly by Spectrum Onshore Fund.