AGER CARL S 4
4 · Searchlight Minerals Corp. · Filed Nov 4, 2010
Insider Transaction Report
Form 4
AGER CARL S
DirectorVP, Secretary and Treasurer
Transactions
- Sale
Common Stock
2010-11-03$0.68/sh−5,000$3,400→ 19,202 total - Sale
Common Stock
2010-11-01$0.64/sh−4,400$2,816→ 67,952 total - Sale
Common Stock
2010-11-01$0.63/sh−9,700$6,111→ 72,352 total - Sale
Common Stock
2010-11-02$0.66/sh−17,250$11,385→ 50,702 total - Sale
Common Stock
2010-11-02$0.67/sh−26,500$17,755→ 24,202 total - Sale
Common Stock
2010-11-03$0.69/sh−7,000$4,830→ 12,202 total
Holdings
- 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) - 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)
Footnotes (2)
- [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.