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Filing Details

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

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2016-03-18	6,291,314	$0.00	6,679,749	No	4	P	Indirect	By Martin Oring Financial Trust
Common Stock	Acquisiton	2016-03-18	1,700,371	$0.00	1,722,921	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 issued pursuant to the conversion of all the principal and accrued but unpaid interest owing by Searchlight Minerals Corp. (the "Company") to the Martin Oring Financial Trust pursuant to its Secured Convertible Promissory Notes dated September 18, 2013, in the amount $220,196.00 as of March 18, 2016. Such debt was converted at a conversion price of $0.035 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 were issued pursuant to the conversion of all the principal and accrued but unpaid interest owing by Searchlight Minerals Corp. (the "Company") to the Wealth Preservation Defined Benefit Plan pursuant to its Secured Convertible Promissory Notes dated September 18, 2013, in the amount $59,513.00 as of March 18, 2016. Such debt was converted at a conversion price of $0.035 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.