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
  1. 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.
  2. 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.
  3. 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.
  4. 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.