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
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Expires: February 28, 2011
Estimated average burden
hours per response... 0.5
                      
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
                      

1. Name and Address of Reporting Person *

AGER CARL S 		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)
VP, Secretary and Treasurer
(Last)          (First)          (Middle)

2441 W. HORIZON RIDGE PKWY, SUITE #120 		3. Date of Earliest Transaction (MM/DD/YYYY)

10/11/2010
(Street)

HENDERSON, NV 89052
(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
Common Stock   10/11/2010     S (1)    7776   D $0.84   244193   (2) D    
Common Stock   10/12/2010     S (1)    5001   D $0.84   239192   (2) D    
Common Stock   10/12/2010     S (1)    7099   D $0.85   232093   (2) D    
Common Stock   10/13/2010     S (1)    833   D $0.86   231260   (2) D    
Common Stock   10/13/2010     S (1)    2342   D $0.84   228918   (2) D    
Common Stock   10/13/2010     S (1)    3825   D $0.82   225093   (2) D    

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
Non-Qualified Stock Options   $0.44                    11/21/2005   11/21/2010   Common Stock   500000     0   D    
Non-Qualified Stock Options   $1.70                    4/7/2006   4/7/2011   Common Stock   60000     0   D    
Non-Qualified Stock Options   $2.40                    6/6/2006   6/6/2011   Common Stock   250000     0   D    
Non-Qualified Stock Options   $4.04                    2/16/2007   2/16/2012   Common Stock   24800     0   D    

Explanation of Responses:
( 1)  The sales reported on this Form 4 were effected pursuant to a Rule 10b5 trading plan adopted by the reporting person and Jeffries effective September 29, 2010.
( 2)  Does not include any securities owned by Nanominerals. Mr. Ager is a 17.5% stockholder of Nanominerals, a company that owns 16,400,000 of the issuer's outstanding shares of common stock and warrants to purchase up to 200,000 shares of common stock. However, Mr. Ager does not have any voting or investment powers over the 16,400,000 shares or the 200,000 warrants owned by Nanominerals. For purposes of Section 16, Mr. Ager disclaims beneficial ownership of Nanominerals' securities, except to the extent of his pecuniary interest, if any, therein. This report shall not be deemed an admission that Mr. Ager is the beneficial owner of Nanominerals' securities for purposes of Section 16 or for any other purpose.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
AGER CARL S
2441 W. HORIZON RIDGE PKWY
SUITE #120
HENDERSON, NV 89052 		X
VP, Secretary and Treasurer

Signatures
/s/ Carl S. Ager 10/13/2010
** 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.
Searchlight Minerals (PK) (USOTC:SRCH)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Searchlight Minerals (PK) Charts.
Searchlight Minerals (PK) (USOTC:SRCH)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Searchlight Minerals (PK) Charts.