AGER CARL S 4
4 · Searchlight Minerals Corp. · Filed Oct 29, 2010
Insider Transaction Report
Form 4
AGER CARL S
DirectorVP, Secretary and Treasurer
Transactions
- Sale
Common Stock
2010-10-27$0.60/sh−800$480→ 167,052 total - Sale
Common Stock
2010-10-29$0.63/sh−25,000$15,625→ 117,052 total - Sale
Common Stock
2010-10-29$0.64/sh−10,000$6,400→ 97,052 total - Sale
Common Stock
2010-10-29$0.60/sh−25,000$15,000→ 142,052 total - Sale
Common Stock
2010-10-29$0.64/sh−10,000$6,350→ 107,052 total - Sale
Common Stock
2010-10-29$0.65/sh−15,000$9,750→ 82,052 total
Holdings
- 24,800
Non-Qualified Stock Options
Exercise: $4.04From: 2007-02-16Exp: 2012-02-16→ Common Stock (24,800 underlying) - 250,000
Non-Qualified Stock Options
Exercise: $2.40From: 2006-06-06Exp: 2011-06-06→ Common Stock (250,000 underlying) - 500,000
Non-Qualified Stock Options
Exercise: $0.44From: 2005-11-21Exp: 2010-11-21→ Common Stock (500,000 underlying) - 60,000
Non-Qualified Stock Options
Exercise: $1.70From: 2006-04-07Exp: 2011-04-07→ Common Stock (60,000 underlying)
Footnotes (3)
- [F1]The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person and Jeffries effective September 29, 2010.
- [F2]Does not include any securities owned by Nanominerals. Mr. Ager is a 17.5% stockholder of Nanominerals, a company that owns 16,400,000 of the issuer's outstanding shares of common stock and warrants to purchase up to 200,000 shares of common stock. However, Mr. Ager does not have any voting or investment powers over the 16,400,000 shares or the 200,000 warrants owned by Nanominerals . For purposes of Section 16, Mr. Ager disclaims beneficial ownership of Nanominerals' securities, except to the extent of his pecuniary interest, if any, therein. This report shall not be deemed an admission that Mr. Ager is the beneficial owner of Nanominerals' securities for purposes of Section 16 or for any other purpose.
- [F3]On October 29, 2010, the reporting person filed an amendment to the Form 4 originally filed by the reporting person on October 13, 2010. The purpose of the amendment was to correct a typographical error in the number of shares reported to be sold by the reporting person on October 11, 2010. As a result of the amendment, immediately prior to the first sale reported on this Form 4, the reporting person beneficially owned 167,852 shares of the issuer's outstanding common stock.