Amended Annual Statement of Changes in Beneficial Ownership (5/a)

FORM 5

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
[ ] Form 3 Holdings Reported
[ X ] Form 4 Transactions Reported

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL 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 ^* Luxor Capital Group, LP	2. Issuer Name and Ticker or Trading Symbol Searchlight Minerals Corp. [SRCH]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director __ X __ 10% Owner _____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle) 1114 AVENUE OF THE AMERICAS, 29TH FLOOR	3. Statement for Issuer's Fiscal Year Ended (MM/DD/YYYY) 12/31/2015
(Street) NEW YORK, NY 10036 (City) (State) (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY) 2/16/2016	6. Individual or Joint/Group Filing (Check Applicable Line) ___ Form Filed by One Reporting Person _ X _ 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)
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common stock, par value $0.01 ⁽¹⁾ ⁽²⁾	7/1/2015		J4 ⁽³⁾	171545	D	⁽³⁾	12455145	I ⁽⁴⁾	By Luxor Capital Partners, LP
Common stock, par value $0.01 ⁽¹⁾ ⁽²⁾	7/1/2015		J4 ⁽³⁾	171374	D	⁽³⁾	5467466	I ⁽⁵⁾	By Luxor Capital Partners Offshore Master Fund, LP
Common stock, par value $0.01 ⁽¹⁾ ⁽²⁾	7/1/2015		J4 ⁽³⁾	342919	A	⁽³⁾	345519	I ⁽⁶⁾	By Thebes Offshore Master Fund, LP

*Table II - Derivative Securities Acquired, Disposed of, or 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 (MM/DD/YYYY)		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 at End of Issuer's Fiscal Year (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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)	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)
7% Convertible Notes due 2018	$0.40	7/1/2015		J4 ⁽³⁾		$26000	9/18/2013	9/18/2018	Common Stock, par value $.001	$26000	⁽³⁾	$1885000	I ⁽⁴⁾	By Luxor Capital Partners, LP
7% Convertible Notes due 2018	$0.40	7/1/2015		J4 ⁽³⁾	$26000		9/18/2013	9/18/2018	Common Stock, par value $.001	$26000	⁽³⁾	$26000	I ⁽⁶⁾	By Thebes Offshore Master Fund, LP
Warrant (Right to Buy)	$1.74	7/1/2015		J4 ⁽³⁾		35080	⁽⁹⁾	11/30/2016	Common Stock, par value $.001	35080	⁽³⁾	1475295	I ⁽⁵⁾	By Luxor Capital Partners Offshore Master Fund, LP
Warrant (Right to Buy)	$1.74	7/1/2015		J4 ⁽³⁾	35080		⁽⁹⁾	11/30/2016	Common Stock, par value $.001	35080	⁽³⁾	93367	I ⁽⁶⁾	By Thebes Offshore Master Fund, LP
Warrant (Right to Buy)	$1.85	7/1/2015		J4 ⁽³⁾		33624	⁽⁹⁾	11/30/2016	Common Stock, par value $.001	33624	⁽³⁾	1438000	I ⁽⁴⁾	By Luxor Capital Partners, LP
Warrant (Right to Buy)	$1.85	7/1/2015		J4 ⁽³⁾	33624		⁽⁹⁾	11/30/2016	Common Stock, par value $.001	33624	⁽³⁾	0	I ⁽⁶⁾	By Thebes Offshore Master Fund, LP
Warrant (Right to Buy) ⁽⁷⁾	$0.30	7/1/2015		J4 ⁽³⁾		2306	9/18/2014	9/18/2019	Common Stock, par value $.001	2306	⁽³⁾	164907	I ⁽⁴⁾	By Luxor Capital Partners, LP
Warrant (Right to Buy) ⁽⁷⁾	$0.30	7/1/2015		J4 ⁽³⁾	2306		9/18/2014	9/18/2019	Common Stock, par value $.001	2306	⁽³⁾	2306	I ⁽⁶⁾	By Thebes Offshore Master Fund, LP
Warrant (Right to Buy) ⁽⁸⁾	$0.50	7/1/2015		J4 ⁽³⁾		58615	3/25/2015	3/25/2020	Common Stock, par value $.001	58615	⁽³⁾	4191385	I ⁽⁴⁾	By Luxor Capital Partners, LP
Warrant (Right to Buy) ⁽⁸⁾	$0.50	7/1/2015		J4 ⁽³⁾	58615		3/25/2015	3/25/2020	Common Stock, par value $.001	58615	⁽³⁾	58615	I ⁽⁶⁾	By Thebes Offshore Master Fund, LP
Warrant (Right to Buy)	$0.375	7/1/2015		J4 ⁽³⁾		20841	⁽⁹⁾	6/1/2017	Common Stock, par value $.001	20841	⁽³⁾	1490268	I ⁽⁴⁾	By Luxor Capital Partners, LP
Warrant (Right to Buy)	$0.375	7/1/2015		J4 ⁽³⁾	20841		⁽⁹⁾	6/1/2017	Common Stock, par value $.001	20841	⁽³⁾	20841	I ⁽⁶⁾	By Thebes Offshore Master Fund, LP

Explanation of Responses:
( 1)	This Form 5 is filed jointly by Luxor Capital Group, LP ("Luxor Capital Group"), Luxor Capital Partners, LP ("Onshore Fund"), Luxor Capital Partners Offshore, Ltd. ("Offshore Feeder Fund), Thebes Partners Offshore, Ltd. ("Thebes Feeder Fund"), LCG Holdings, LLC ("LCG Holdings"), Luxor Management, LLC ("Luxor Management") and Christian Leone (collectively, the "Reporting Persons"). Transactions reported herein do not include or reflect securities beneficially owned and previously disclosed on Forms 4.
( 2)	Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that may be deemed to collectively beneficially own more than 10% of the Issuer's outstanding shares of Common Stock. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.
( 3)	Reflects distributions in-kind and subsequent contributions of securities by limited partners of the Reporting Persons resulting in a change in form of beneficial ownership of securities previously reported.
( 4)	Securities owned directly by Onshore Fund. Each of LCG Holdings and Luxor Capital Group, as the general partner and investment manager, respectively, of Onshore Fund, may be deemed to beneficially own the securities owned directly by Onshore Fund. Luxor Management, as the general partner of Luxor Capital Group, and Christian Leone, as the managing member of each of LCG Holdings and Luxor Management, may be deemed to beneficially own the securities owned directly by Onshore Fund.
( 5)	Securities owned directly by Luxor Capital Partners Offshore Master Fund, LP ("Offshore Master Fund"). Offshore Feeder Fund, as the owner of a controlling interest in Offshore Master Fund, may be deemed to beneficially own the securities owned directly by Offshore Master Fund. Each of LCG Holdings and Luxor Capital Group, as the general partner and investment manager, respectively, of Offshore Master Fund, may be deemed to beneficially own the securities owned directly by Offshore Master Fund. Luxor Management, as the general partner of Luxor Capital Group, and Christian Leone, as the managing member of each of LCG Holdings and Luxor Management, may be deemed to beneficially own the securities owned directly by Offshore Master Fund.
( 6)	Securities owned directly by Thebes Offshore Master Fund, LP ("Thebes Master Fund"). Thebes Feeder Fund, the owner of a controlling interest in, and together with a minority investor, the owner of 100% of the interests in Thebes Master Fund, may be deemed to beneficially own the securities owned directly by Thebes Master Fund. Each of LCG Holdings and Luxor Capital Group, as the general partner and investment manager, respectively, of Thebes Master Fund, may be deemed to beneficially own the securities owned directly by Thebes Master Fund. Luxor Management, as the general partner of Luxor Capital Group, and Christian Leone, as the managing member of each of LCG Holdings and Luxor Management, may be deemed to beneficially own the securities owned directly by Thebes Master Fund.
( 7)	Securities acquired in lieu of cash, at the option of the Reporting Persons, in connection with the semi-annual interest payment on the Issuer's Secured Convertible Promissory Notes, dated September 18, 2013, owned by the Reporting Persons. In lieu of cash, the Reporting Persons received Units, priced at $0.20 per Unit, consisting of one share of Common Stock and one-half Warrant.
( 8)	The reported securities are included within Units acquired by the Reporting Person at a purchase price of $0.3529 per Unit. Each Unit consists of one share of Common Stock and one Warrant to purchase one share of Common Stock.
( 9)	The Warrants are currently exercisable.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Luxor Capital Group, LP 1114 AVENUE OF THE AMERICAS 29TH FLOOR NEW YORK, NY 10036		X
LUXOR CAPITAL PARTNERS OFFSHORE LTD C/O M&C CORPORATE SVCS LTD PO BOX 309 GT UGLAND HOUSE GEORGE TOWN, E9 00000		X
Thebes Partners Offshore, Ltd. C/O MAPLES CORPORATE SERVICES LIMITED BOX 309, UGLAND HOUSE GRAND CAYMAN, E9 KY1-1104		X
LCG HOLDINGS LLC 1114 AVENUE OF THE AMERICAS 29TH FLOOR NEW YORK, NY 10036		X
Luxor Capital Partners, LP 1114 AVENUE OF THE AMERICAS 29TH FLOOR NEW YORK, NY 10036		X

Signatures
Norris Nissim, as General Counsel of Luxor Management, LLC, General Partner of Luxor Capital Group, LP		2/17/2016
^** 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).
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