SEC Form 4 · accession 0001144204-17-000830
Searchlight Minerals Corp. · SRCH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jordan Estra
Director
Period of report
Dec 31, 2016
Accepted (ET)
Jan 5, 2017 · 3:00 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 | $0.07 | Dec 31, 2016 | A | 18,000 | A | Dec 31, 2016 | Dec 31, 2021 | 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. Estra on December 31, 2016 for his service as a non-employee director of Searchlight Minerals Corp. for the quarter ended December 31, 2016. The options vest immediately and expire on the five year anniversary of the date they vest.
- F2Mr. Estra is the President of the Ophir Consulting Group, Inc., a Florida corporation. Mr. Estra owns all of his stock jointly with his wife.