4//SEC Filing
Searchlight Minerals Corp. 4
Accession 0001144204-16-090139
CIK 0001084226operating
Filed
Mar 23, 8:00 PM ET
Accepted
Mar 24, 4:40 PM ET
Size
8.2 KB
Accession
0001144204-16-090139
Insider Transaction Report
Form 4
ORING MARTIN B
Director
Transactions
- Purchase
Common Stock
2016-03-18+6,291,314→ 6,679,749 total(indirect: By Trust) - Purchase
Common Stock
2016-03-18+1,700,371→ 1,722,921 total(indirect: By Wealth Preservation Defined Benefit Plan)
Footnotes (4)
- [F1]The reported securities were issued pursuant to the conversion of all the principal and accrued but unpaid interest owing by Searchlight Minerals Corp. (the "Company") to the Martin Oring Financial Trust pursuant to its Secured Convertible Promissory Notes dated September 18, 2013, in the amount $220,196.00 as of March 18, 2016. Such debt was converted at a conversion price of $0.035 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 were issued pursuant to the conversion of all the principal and accrued but unpaid interest owing by Searchlight Minerals Corp. (the "Company") to the Wealth Preservation Defined Benefit Plan pursuant to its Secured Convertible Promissory Notes dated September 18, 2013, in the amount $59,513.00 as of March 18, 2016. Such debt was converted at a conversion price of $0.035 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
- Mar 23, 8:00 PM ET
- Accepted
- Mar 24, 4:40 PM ET
- Size
- 8.2 KB