0001144204-16-090139.txt : 20160324
0001144204-16-090139.hdr.sgml : 20160324
20160324164042
ACCESSION NUMBER: 0001144204-16-090139
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160318
FILED AS OF DATE: 20160324
DATE AS OF CHANGE: 20160324
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Searchlight Minerals Corp.
CENTRAL INDEX KEY: 0001084226
STANDARD INDUSTRIAL CLASSIFICATION: METAL MINING [1000]
IRS NUMBER: 980232244
STATE OF INCORPORATION: NV
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: #120 - 2441 WEST HORIZON RIDGE PARKWAY
CITY: HENDERSON
STATE: NV
ZIP: 89052
BUSINESS PHONE: (702) 939-5247
MAIL ADDRESS:
STREET 1: #120 - 2441 WEST HORIZON RIDGE PARKWAY
CITY: HENDERSON
STATE: NV
ZIP: 89052
FORMER COMPANY:
FORMER CONFORMED NAME: PHAGE GENOMICS, INC
DATE OF NAME CHANGE: 20050516
FORMER COMPANY:
FORMER CONFORMED NAME: PHAGE GENOMICS INC
DATE OF NAME CHANGE: 20031231
FORMER COMPANY:
FORMER CONFORMED NAME: REGMA BIO TECHNOLOGIES LTD
DATE OF NAME CHANGE: 20020221
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: ORING MARTIN B
CENTRAL INDEX KEY: 0001246393
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-30995
FILM NUMBER: 161527464
MAIL ADDRESS:
STREET 1: 10817 GRANDE BLVD.
CITY: WEST PALM BEACH
STATE: FL
ZIP: 33412
4
1
v435271_form4.xml
OWNERSHIP DOCUMENT
X0306
4
2016-03-18
0
0001084226
Searchlight Minerals Corp.
SRCH
0001246393
ORING MARTIN B
#100 - 2360 WEST HORIZON RIDGE PKWY.
HENDERSON
NV
89052
1
1
0
0
CEO and President
Common Stock
2016-03-18
4
P
0
6291314
A
6679749
I
By Martin Oring Financial Trust
Common Stock
2016-03-18
4
P
0
1700371
A
1722921
I
By Wealth Preservation Defined Benefit Plan
The reported securities were issued pursuant to the conversion of all the principal and accrued but unpaid interest owing by Searchlight Minerals Corp. (the "Company") to the Martin Oring Financial Trust pursuant to its Secured Convertible Promissory Notes dated September 18, 2013, in the amount $220,196.00 as of March 18, 2016. Such debt was converted at a conversion price of $0.035 per share.
Mrs. Olivia Oring is one of the trustees of the Martin Oring Financial Trust Dated December 20, 2006 ("Financial Trust"), which was created for the benefit of Mr. Oring's children and grandchildren. Mr. Oring has no voting or investment power, direct or indirect, over the Financial Trust.
The reported securities were issued pursuant to the conversion of all the principal and accrued but unpaid interest owing by Searchlight Minerals Corp. (the "Company") to the Wealth Preservation Defined Benefit Plan pursuant to its Secured Convertible Promissory Notes dated September 18, 2013, in the amount $59,513.00 as of March 18, 2016. Such debt was converted at a conversion price of $0.035 per share.
These shares are held by Wealth Preservation, Defined Benefit Plan, of which Mr. Martin Oring and Mrs. Olivia Oring are sole beneficiaries and trustees, and in such capacity are deemed to hold voting and dispositive power over the securities held by the Wealth Preservation Defined Benefit Plan. Mrs. Olivia Oring is Mr. Oring's wife.
/s/ Martin B. Oring
2016-03-24