4//SEC Filing
Searchlight Minerals Corp. 4
Accession 0001144204-15-062502
CIK 0001084226operating
Filed
Nov 2, 7:00 PM ET
Accepted
Nov 3, 4:30 PM ET
Size
13.2 KB
Accession
0001144204-15-062502
Insider Transaction Report
Form 4
ORING MARTIN B
Director
Transactions
- Purchase
Common Stock
2015-09-18+5,750→ 22,550 total(indirect: By Wealth Preservation Defined Benefit Plan) - Purchase
Common Stock Purchase Warrants
2015-09-18+21,275→ 582,975 total(indirect: By Trust)Exercise: $0.50From: 2015-09-18Exp: 2020-09-18→ Common Stock (21,275 underlying) - Purchase
Common Stock
2015-09-18+21,275→ 388,435 total(indirect: By Trust) - Purchase
Common Stock Purchase Warrants
2015-09-18+5,750→ 2,407,560 total(indirect: By Wealth Preservation Defined Benefit Plan)Exercise: $0.50From: 2015-09-18Exp: 2020-09-18→ Common Stock (5,750 underlying)
Footnotes (4)
- [F1]The reported securities are included within 21,275 Units purchased by the Martin Oring Financial Trust for $0.35 per Unit in consideration for the cancellation of $7,446 in debt owing by Searchlight Minerals Corp. (the "Company") to the Martin Oring Financial Trust for September 18, 2015 interest payments due on certain notes. Each Unit consists of one share of common stock and one common stock purchase warrant, where each full warrant will entitle the warrant holder to purchase one share of the Company's common stock at an exercise price of $0.50 per share.
- [F2]Mrs. Olivia Oring is one of the trustees of the Martin Oring Financial Trust Dated December 20, 2006 ("Financial Trust"), which was created for the benefit of Mr. Oring's children and grandchildren. Mr. Oring has no voting or investment power, direct or indirect, over the Financial Trust.
- [F3]The reported securities are included within 5,750 Units purchased by the Wealth Preservation Defined Benefit Plan for $0.35 per Unit in consideration for the cancellation of $2,013 in debt owing by the Company to the Wealth Preservation Defined Benefit Plan for September 18, 2015 interest payments due on certain notes. Each Unit consists of one share of common stock and one common stock purchase warrant, where each full warrant will entitle the warrant holder to purchase one share of the Company's common stock at an exercise price of $0.50 per share.
- [F4]These shares are held by Wealth Preservation, Defined Benefit Plan, of which Mr. Martin Oring and Mrs. Olivia Oring are sole beneficiaries and trustees, and in such capacity are deemed to hold voting and dispositive power over the securities held by the Wealth Preservation Defined Benefit Plan. Mrs. Olivia Oring is Mr. Oring's wife.
Documents
Issuer
Searchlight Minerals Corp.
CIK 0001084226
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0001084226
Filing Metadata
- Form type
- 4
- Filed
- Nov 2, 7:00 PM ET
- Accepted
- Nov 3, 4:30 PM ET
- Size
- 13.2 KB