SEC Form 4 · accession 0001144204-15-018037
Searchlight Minerals Corp. · SRCH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Martin B Oring
Officer — CEO and President · Director
Period of report
Mar 18, 2015
Accepted (ET)
Mar 24, 2015 · 2:46 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001084226
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Mar 18, 2015 | P | 29,785 | $0.25 | A | 367,160 | I | By Martin Oring Financial Trust |
| Common StockF4 | Mar 18, 2015 | P | 8,050 | $0.25 | A | 516,800 | I | By Wealth Preservation Defined Benefit Plan |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reported securities were purchased by the Martin Oring Financial Trust for $0.25 per share in consideration for the cancellation of $7,446 in debt owing by Searchlight Minerals Corp. (the "Company") to the Martin Oring Financial Trust for March18, 2015 interest payments due on certain notes.
- F2Mrs. Olivia Oring is one of the trustees of the Martin Oring Financial Trust Dated December 20, 2006, which was created for the benefit of Mr. Oring's children and grandchildren. Mrs. Olivia Oring is Mr. Oring's wife.
- F3The reported securities were purchased by the Wealth Preservation Defined Benefit Plan for $0.25 per share in consideration for the cancellation of $2,013 in debt owing by the Company to the Wealth Preservation Defined Benefit Plan for March 18, 2015 interest payments due on certain notes.
- F4These 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.