4/A//SEC Filing
Searchlight Minerals Corp. 4/A
Accession 0001144204-16-093554
CIK 0001084226operating
Filed
Apr 7, 8:00 PM ET
Accepted
Apr 8, 8:08 PM ET
Size
7.1 KB
Accession
0001144204-16-093554
Insider Transaction Report
Form 4/AAmended
ORING MARTIN B
Director
Transactions
- Award
OPTIONS
2015-08-28+2,000,000→ 2,000,000 total(indirect: By Trust)Exercise: $0.50From: 2015-12-19Exp: 2020-12-19→ Common Stock (2,000,000 underlying)
Footnotes (5)
- [F1]Reflects the issuance of options to purchase up to 2,000,000 shares of common stock on August 28, 2015 for services provided as a director and 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.
- [F4]These securities are held by 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. Mrs. Olivia Oring is one of the trustees of the Financial Trust.
- [F5]This Form 4 is being amended solely to correct the Nature of the Indirect Beneficial Ownership noted in Table II.
Documents
Issuer
Searchlight Minerals Corp.
CIK 0001084226
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0001084226
Filing Metadata
- Form type
- 4/A
- Filed
- Apr 7, 8:00 PM ET
- Accepted
- Apr 8, 8:08 PM ET
- Size
- 7.1 KB