SEC Form 4 · accession 0001144204-15-000507
Searchlight Minerals Corp. · SRCH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert D McDougal
Director
Period of report
Dec 31, 2014
Accepted (ET)
Jan 5, 2015 · 5:06 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001084226
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OptionsF2 | $0.2981 | Dec 31, 2014 | A | 18,000 | A | Dec 31, 2014 | Dec 31, 2019 | Common Stock | 18,000 | 18,000 | I |
Explanation of responses
- F1Reflects the issuance of options to purchase up to 18,000 shares of common stock granted to Mr. McDougal on December 31, 2014 for his service as a non-employee director of Searchlight Minerals Corp. for the quarter ended December 31, 2014. The options vest immediately and expire on the five year anniversary of the date that they vest.
- F2Mr. McDougal is a trustee for the Robert D. McDougal and Edna D. McDougal Family Trust Dated December 13, 2007. Mr. McDougal has voting and investment power over the shares.