4//SEC Filing
Searchlight Minerals Corp. 4
Accession 0001144204-14-076117
CIK 0001084226operating
Filed
Dec 28, 7:00 PM ET
Accepted
Dec 29, 4:10 PM ET
Size
9.4 KB
Accession
0001144204-14-076117
Insider Transaction Report
Form 4
Transactions
- Award
Common Stock
2014-12-23+359,430→ 441,930 total - Award
Options
2014-12-23+824,000→ 824,000 totalExercise: $0.50From: 2014-12-23Exp: 2019-12-23→ Common Stock (824,000 underlying)
Holdings
- 7,500(indirect: By IRA)
Common Stock
- 20,000(indirect: By Cupit Milligan Ogden & Williams PSP & Tr Dated 1/1/1997)
Common Stock
Footnotes (3)
- [F1]As of November 30, 2014, Searchlight Minerals Corp. (the "Company") had an outstanding balance of $115,017.68 owing to the firm of Cupit, Milligan, Ogden & Williams, of which Melvin L. Williams is a principal. This balance was satisfied by the Company issuing 359,430 shares of restricted common stock to Mr. Williams on December 23, 2014 at the closing price per share of $0.32.
- [F2]The 20,000 shares of common stock of the Company are held by the Cupit Milligan Ogden & Williams PSP & Tr Dated 1/1/1997, which is a retirement trust. Mr. Williams is the trustee and sole beneficiary of the trust.
- [F3]Reflects the issuance of options to purchase up to 824,000 shares of common stock granted to Mr. Williams on December 23, 2014. All options are vested and expire on the five year anniversary of the date of grant.
Documents
Issuer
Searchlight Minerals Corp.
CIK 0001084226
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0001084226
Filing Metadata
- Form type
- 4
- Filed
- Dec 28, 7:00 PM ET
- Accepted
- Dec 29, 4:10 PM ET
- Size
- 9.4 KB