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Filing Details

Accession Number:: 0001140361-11-046481
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2011-09-20 17:13:09
Reporting Period:: 2011-09-16

Filing Date:: 2011-09-20
Accepted Time:: 2011-09-20 17:13:09
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	Director	Officer	Large Shareholder	Other
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
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
1434201	Luxor Spectrum Llc	1114 Avenue Of The Americas 29Th Floor New York NY 10036	No	No	Yes	No
1479129	Luxor Wavefront, Lp	1114 Avenue Of The Americas 29Th Floor New York NY 10036	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	Acquisiton	2011-09-16	249,649	$0.87	4,057,861	No	4	P	Direct
Common Stock	Acquisiton	2011-09-16	45	$1.13	4,057,906	No	4	P	Direct
Common Stock	Acquisiton	2011-09-16	310,351	$0.87	1,154,939	No	4	P	Indirect	See
Common Stock	Acquisiton	2011-09-16	55	$1.13	1,154,994	No	4	P	Indirect	See
Common Stock	Acquisiton	2011-09-19	367,463	$1.45	4,425,369	No	4	P	Direct
Common Stock	Acquisiton	2011-09-19	9,738	$1.19	4,435,107	No	4	P	Direct
Common Stock	Acquisiton	2011-09-19	7,624	$1.19	4,442,731	No	4	P	Direct
Common Stock	Acquisiton	2011-09-19	32,537	$1.45	1,187,531	No	4	P	Indirect	See
Common Stock	Acquisiton	2011-09-19	862	$1.19	1,188,393	No	4	P	Indirect	See
Common Stock	Acquisiton	2011-09-19	676	$1.19	1,189,069	No	4	P	Indirect	See
Common Stock	Acquisiton	2011-09-20	469,720	$1.17	4,912,451	No	4	P	Direct
Common Stock	Acquisiton	2011-09-20	38,447	$1.17	1,227,516	No	4	P	Indirect	See

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct
No	4	P	Direct
No	4	P	Indirect	See
No	4	P	Indirect	See
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Indirect	See
No	4	P	Indirect	See
No	4	P	Indirect	See
No	4	P	Direct
No	4	P	Indirect	See

Footnotes

Reflects the securities of the issuer owned directly by Luxor Capital Partners Offshore Master Fund, LP (the "Offshore Master Fund"). The Offshore Master Fund also directly owns warrants which expire on November 12, 2012 ("2012 Warrants") exercisable for an additional 1,091,698 shares of common stock ("Shares").
Reflects the securities of the issuer held in accounts managed separately (the "Separately Managed Accounts") by Luxor Capital Group, LP ("Luxor Capital Group"). The Managed Accounts also hold 2012 Warrants exercisable for an additional 242,117 Shares.
Luxor Capital Group acts as the investment manager of Luxor Capital Partners, LP (the "Onshore Fund"), Luxor Spectrum, LLC (the "Spectrum Onshore Fund"), Luxor Wavefront, LP (the "Wavefront Fund"), the Offshore Master Fund, Luxor Capital Partners Offshore, Ltd. (the "Offshore Feeder Fund"), Luxor Spectrum Offshore Master Fund, LP (the "Spectrum Offshore Master Fund") and Luxor Spectrum Offshore, Ltd. (the "Spectrum Offshore Feeder Fund") (collectively, the "Luxor Funds") and the Separately Managed Accounts.
Luxor Management, LLC ("Luxor Management") is the general partner of Luxor Capital Group. Mr. Leone is the managing member of Luxor Management. LCG Holdings, LLC ("LCG Holdings") is the general partner of the Onshore Fund, the Wavefront Fund, the Offshore Master Fund and the Offshore Spectrum Master Fund and the managing member of the Spectrum Onshore Fund. Mr. Leone is the managing member of LCG Holdings. The Offshore Master Fund is a subsidiary of the Offshore Feeder Fund, and the Spectrum Offshore Master Fund is a subsidiary of the Spectrum Offshore Feeder Fund.
After the transactions reported herein, (a) the Onshore Fund directly owns 4,035,589 Shares, 2012 Warrants exercisable for an additional 2,451,628 Shares and warrants which expire on June 1, 2015 (the "2015 Warrants") exercisable for 1,511,109 Shares, (b) the Spectrum Onshore Fund directly owns 129,577 Shares and 2012 Warrants exercisable for an additional 24,536 Shares, (c) the Wavefront Fund directly owns 1,948,595 Shares and 2015 Warrants exercisable for an additional 488,891 Shares, and (d) the Spectrum Offshore Master Fund directly owns 1,139,334 Shares and 2012 Warrants exercisable for an additional 212,381 Shares.
The issuer entered into a Common Stock Purchase Agreement dated December 22, 2010 with an investor. As a result of multiple issuances of Shares by the issuer under such agreement and due to anti-dilution provisions in the 2012 Warrants, the exercise price of the 2012 Warrants was reduced to $1.79 per share, and the number of Shares the 2012 Warrants are exercisable for were adjusted pursuant to the terms therein to the numbers described in this Form 4. Due to a termination of a management agreement with one of the Separately Managed Accounts, certain shares previously held in the Separately Managed Accounts prior to the transactions reported herein are no longer managed by Luxor Capital Group.
Luxor Capital Group, Luxor Management and Mr. Leone may each be deemed to indirectly beneficially own the shares of common stock held by the Luxor Funds and the Separately Managed Accounts. LCG Holdings may be deemed to indirectly beneficially own the shares of common stock held by the Onshore Fund, the Spectrum Onshore Fund, the Wavefront Fund, the Offshore Master Fund and the Offshore Spectrum Master Fund. For purposes of this Form 4, Luxor Capital Group, Luxor Management, LCG Holdings and Mr. Leone each disclaims beneficial ownership of the shares of common stock owned by the Luxor Funds and the Separately Managed Accounts, except to the extent of their or his pecuniary interest therein.