XOTC:SRCH Searchlight Minerals Corp Insider Activity 4 Filing - 6/30/2012

Effective Date 6/30/2012

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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

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(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
MCDOUGAL ROBERT D
  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
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
3500 LAKESIDE COURT, SUITE 206
3. Date of Earliest Transaction (Month/Day/Year)
06/30/2012
(Street)

RENO, NV 89509
4. If Amendment, Date Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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
SHARES OF COMMON STOCK               52,675 I Robert D. McDougal and Edna D. McDougal Family Trust dated December 13, 2007(1)
SHARES OF COMMON STOCK               238,155 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(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
Options $0.94 06/30/2012   A(2)   18,000   06/30/2012 06/30/2017 Common Stock 18,000 $ 0 18,000 D  
Options $1.92             03/31/2012 03/31/2017 Common Stock 9,375   9,375 D  
Options $0.65             12/31/2011 12/31/2016 Common Stock 18,000   18,000 D  
Options $1.06             09/30/2011 09/30/2016 Common Stock 16,981   16,981 D  
Options $0.405             06/30/2011 06/30/2016 Common Stock 18,000   18,000 D  
Options $0.51             03/31/2011 03/31/2016 Common Stock 35,294   35,294 D  
Options $0.65             12/31/2010 12/31/2015 Common Stock 27,692   27,692 D  
Options $0.975             09/30/2010 09/30/2015 Common Stock 18,462   18,462 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
MCDOUGAL ROBERT D
3500 LAKESIDE COURT
SUITE 206
RENO, NV 89509
  X      

Signatures

 /s/ Robert D. McDougal   07/02/2012
** Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) The 52,675 shares of common stock of Searchlight Minerals Corp. are held by Mr. McDougal as a trustee for the Robert D. McDougal and Edna D. McDougal Family Trust Dated December 13, 2007. Mr. McDougal has voting and investment power over the shares.
(2) Reflects the issuance of options to purchase up to 18,000 shares of common stock granted to Mr. McDougal on June 30, 2012 for his service as a non-employee director of Searchlight Minerals Corp. The options vest immediately and expire on the five year anniversary of the date that they vest.

Note: 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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XOTC:SRCH Insider Activity 4 Filling

XOTC:SRCH Stock - Get Insider Activity SEC Filing of XOTC:SRCH stocks, including company profile, shares outstanding, strategy, business segments, operations, officers, consolidated financial statements, financial notes and ownership information.

XOTC:SRCH Searchlight Minerals Corp Insider Activity 4 Filing - 6/30/2012
Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol |  Title Star Rating |  Category |  Total Assets |  Top Holdings |  Top Sectors |  Symbol |  Name Title |  Date |  Author |  Collection |  Interest |  Popularity Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol / Ticker |  Title Star Rating |  Category |  Total Assets |  Symbol / Ticker |  Name Title |  Date |  Author |  Collection |  Popularity |  Interest Title |  Date |  Company |  Symbol |  Interest |  Popularity Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Title |  Date |  Company |  Symbol |  Interest |  Popularity

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