WILLIAMS MELVIN L 4
4 · Searchlight Minerals Corp. · Filed Sep 23, 2011
Insider Transaction Report
Form 4
Transactions
- Award
Incentive Stock Options
2011-09-21+75,000→ 75,000 totalExercise: $1.22From: 2011-09-21Exp: 2016-09-21→ Common Stock (75,000 underlying)
Holdings
- 7,500(indirect: By IRA)
Shares of Common Stock
- 82,500
Shares of Common Stock
- 20,000(indirect: By Cupit Milligan Ogden & Williams PSP & Tr Dated 1/1/1997)
Shares of Common Stock
- 18,600
Incentive Stock Option
Exercise: $4.04From: 2007-02-16Exp: 2012-02-16→ Common Stock (18,600 underlying)
Footnotes (2)
- [F1]The 20,000 shares of common stock of Searchlight Minerals Corp. are held by the Cupit Milligan Ogden & Williams PSP & Tr Dated 1/1/1997, which is a retirement trust. Melvin Williams is the trustee and sole beneficiary of the trust.
- [F2]Reflects the issuance of options to purchase up to 75,000 shares of common stock granted to Mr. Williams on September 21, 2011 for his service as an officer of Searchlight Minerals Corp. The options vest immediately and expire on the five year anniversary of the date that they vest.