FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

ORING MARTIN B
2. Issuer Name and Ticker or Trading Symbol

Searchlight Minerals Corp. [ SRCH ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
CEO and President
(Last)          (First)          (Middle)

7582 HAWKS LANDING DRIVE
3. Date of Earliest Transaction (MM/DD/YYYY)

9/18/2013
(Street)

WEST PALM BEACH, FL 33412
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
7% Convertible Notes due 2018   (1) $0.4   9/18/2013     P      $185000       9/18/2013   9/18/2018   Common Stock   462500   $185000   $185000   I   By Martin Oring Financial Trust   (2)
7% Convertible Notes due 2018   (1) $0.4   9/18/2013     P      $50000       9/18/2013   9/18/2018   Common Stock   125000   $50000   $50000   I   By Wealth Preservation, Defined Benefit Plan   (3)

Explanation of Responses:
( 1)  On September 18, 2013, Searchlight Minerals Corp. completed a private placement (the "Offering") of secured convertible promissory notes, convertible into shares of common stock at a conversion price of $0.40 per share (the "7% Convertible Notes"). Certain affiliates of Mr. Oring purchased an aggregate of $235,000 of 7% Convertible Notes (the "Initial Investment"). Pursuant to the terms of the transaction documents governing the Offering, such affiliates of Mr. Oring may purchase an additional principal amount of 7% Convertible Notes in the aggregate amount of not greater than fifteen percent (15%) of the Initial Investment, during the one year period following the closing of the Offering.
( 2)  The 7% Convertible Notes in the amount of $185,000 are held by the Martin Oring Financial Trust Dated December 20, 2006 (the "Trust") for the benefit of Mr. Oring's children and grandchildren. Mrs. Olivia Oring is one of the trustees of the Trust. Mrs. Olivia Oring is Mr. Oring's wife. The Trust has the right to purchase an additional $27,750 of 7% Convertible Notes.
( 3)  The 7% Convertible Notes in the amount of $50,000 are held by the Wealth Preservation Defined Benefit Plan (the "Plan"). Mr. Oring and Mrs. Olivia Oring are sole beneficiaries of the Plan. The Plan has the right to purchase an additional $7,500 of 7% Convertible Notes.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
ORING MARTIN B
7582 HAWKS LANDING DRIVE
WEST PALM BEACH, FL 33412
X
CEO and President

Signatures
/s/ Martin B. Oring 9/23/2013
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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