- Statement of Changes in Beneficial Ownership (4)
October 04 2010 - 6:43PM
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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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
ESTRA JORDAN
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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)
__
X
__ Director
_____ 10% Owner
_____ Officer (give title below)
_____ Other (specify below)
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(Last)
(First)
(Middle)
5888 NORTH OCEAN BOULEVARD
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3. Date of Earliest Transaction
(MM/DD/YYYY)
9/30/2010
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(Street)
OCEAN RIDGE, FL 33435
(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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2000
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D
(1)
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COMMON STOCK
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2000
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I
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By IRA
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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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$0.975
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9/30/2010
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A
(2)
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18462
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9/30/2010
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9/30/2015
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COMMON STOCK
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18462
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$0
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18462
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I
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Ophir Consulting Group, Inc.
(3)
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OPTIONS
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$0.70
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6/30/2010
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6/30/2015
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COMMON STOCK
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25714
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25714
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I
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Ophir Consulting Group, Inc.
(3)
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OPTIONS
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$1.20
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3/31/2010
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3/31/2015
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COMMON STOCK
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5000
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5000
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I
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Ophir Consulting Group, Inc.
(3)
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OPTIONS
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$1.59
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(4)
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(4)
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COMMON STOCK
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200000
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200000
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D
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Explanation of Responses:
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(
1)
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All 2,000 shares are held jointly with Mr. Estra's wife.
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(
2)
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Reflects the issuance of options to purchase up to 18,462 shares of common stock granted to Mr. Estra for his services as a
non-management director of Searchlight Minerals Corp. for the quarter ended September 30, 2010. The options vest
immediately, and expire on the five year anniversary of the date that they vest.
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(
3)
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Mr. Estra is the President of the Ophir Consulting Group, Inc., a Florida corporation. Mr. Estra owns all of its stock
jointly with his wife.
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(
4)
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Reflects the issuance of options to purchase up to 200,000 shares of common stock granted to Mr. Estra on March 1, 2010 for
his services as a director of Searchlight Minerals Corp. The options will vest pro rata over four years, from March 1, 2011
through March 1, 2014. The options each expire on the five year anniversary of the date that they vest.
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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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ESTRA JORDAN
5888 NORTH OCEAN BOULEVARD
OCEAN RIDGE, FL 33435
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X
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Signatures
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/s/ JORDAN M. ESTRA
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10/4/2010
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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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