Statement of Changes in Beneficial Ownership (4)
December 29 2014 - 4:11PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden
hours per response...
0.5
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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
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1. Name and Address of Reporting Person
*
WILLIAMS MELVIN L
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2. Issuer Name
and
Ticker or Trading Symbol
Searchlight Minerals Corp.
[
SRCH
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director
_____ 10% Owner
__
X
__ Officer (give title below)
_____ Other (specify below)
CFO
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(Last)
(First)
(Middle)
1695 MEADOW WOOD LANE, SUITE 100
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3. Date of Earliest Transaction
(MM/DD/YYYY)
12/23/2014
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(Street)
RENO, NV 89502
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock
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12/23/2014
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A
(1)
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359430
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A
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(1)
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441930
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D
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Common Stock
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7500
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I
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By Roth IRA
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Common Stock
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20000
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I
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By Cupit Milligan Ogden & Williams PSP & Tr Dated 1/1/1997
(2)
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Options
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$0.50
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12/23/2014
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A
(3)
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824000
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12/23/2014
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12/23/2019
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Common Stock
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824000
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(3)
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824000
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D
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Explanation of Responses:
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(
1)
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As of November 30, 2014, Searchlight Minerals Corp. (the "Company") had an outstanding balance of $115,017.68 owing to the firm of Cupit, Milligan, Ogden & Williams, of which Melvin L. Williams is a principal. This balance was satisfied by the Company issuing 359,430 shares of restricted common stock to Mr. Williams on December 23, 2014 at the closing price per share of $0.32.
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(
2)
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The 20,000 shares of common stock of the Company are held by the Cupit Milligan Ogden & Williams PSP & Tr Dated 1/1/1997, which is a retirement trust. Mr. Williams is the trustee and sole beneficiary of the trust.
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(
3)
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Reflects the issuance of options to purchase up to 824,000 shares of common stock granted to Mr. Williams on December 23, 2014. All options are vested and expire on the five year anniversary of the date of grant.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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WILLIAMS MELVIN L
1695 MEADOW WOOD LANE, SUITE 100
RENO, NV 89502
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CFO
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Signatures
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/s/ Melvin L. Williams
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12/29/2014
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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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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