Searchlight Minerals Corp. 4
4 · Searchlight Minerals Corp. · Filed Sep 1, 2015
Insider Transaction Report
Form 4
Transactions
- Award
OPTIONS
2015-08-28+165,000→ 165,000 totalExercise: $0.50From: 2015-12-19Exp: 2020-12-19→ Common Stock (165,000 underlying)
Footnotes (3)
- [F1]Reflects the issuance of options to purchase up to 165,000 shares of common stock on August 28, 2015 for services provided as an officer of Searchlight Minerals Corp.
- [F2]The per share exercise price shall be equal to the greater of: (i) $0.50; and (ii) the fair market value of Searchlight Minerals Corp.'s common stock based on the closing price on December 18, 2015.
- [F3]The options shall vest and become exercisable, in whole or in part, from and after December 19, 2015, so long as the holder has continually provided services to Searchlight Minerals Corp. in the same capacity from the date of issuance through December 19, 2015.