Earnings Feed
Start Free
Home/Filings/4/0000899243-18-002706
4//SEC Filing

VARDE PARTNERS INC 4

Accession 0000899243-18-002706

CIK 0001437557other
View on SEC.govCompany Profile

Filed

Feb 1, 7:00 PM ET

Accepted

Feb 2, 6:40 PM ET

Size

27.9 KB

Accession

0000899243-18-002706

Insider Transaction Report

Form 4
Period: 2018-01-31
LILIS ENERGY, INC.LLEX
VARDE INVESTMENT PARTNERS LP
10% Owner
Transactions
  • Purchase

    Series C Convertible Paricipating Preferred Stock

    2018-01-31$1000.00/sh+3,000$3,000,000→ 1,307,765.88 total(indirect: See footnotes)
    Exercise: $6.15From: 2018-01-31→ Common Stock, $0.001 par value (585,365 underlying)
  • Purchase

    Series C Convertible Paricipating Preferred Stock

    2018-01-31$1000.00/sh+41,600$41,600,000→ 18,134,353 total(indirect: See footnotes)
    Exercise: $6.15From: 2018-01-31→ Common Stock, $0.001 par value (8,117,073 underlying)
  • Purchase

    Series C Convertible Paricipating Preferred Stock

    2018-01-31$1000.00/sh+6,000$6,000,000→ 2,615,531.76 total(indirect: See footnotes)
    Exercise: $6.15From: 2018-01-31→ Common Stock, $0.001 par value (1,170,731 underlying)
  • Purchase

    Series C Convertible Paricipating Preferred Stock

    2018-01-31$1000.00/sh+29,600$29,600,000→ 12,903,290 total(indirect: See footnotes)
    Exercise: $6.15From: 2018-01-31→ Common Stock, $0.001 par value (5,775,610 underlying)
  • Purchase

    Series C Convertible Paricipating Preferred Stock

    2018-01-31$1000.00/sh+13,000$13,000,000→ 5,666,985 total(indirect: See footnotes)
    Exercise: $6.15From: 2018-01-31→ Common Stock, $0.001 par value (2,536,585 underlying)
  • Purchase

    Series C Convertible Paricipating Preferred Stock

    2018-01-31$1000.00/sh+6,800$6,800,000→ 2,964,269.33 total(indirect: See footnotes)
    Exercise: $6.15From: 2018-01-31→ Common Stock, $0.001 par value (1,326,829 underlying)
Varde Investment Partners G.P., LLC
10% Owner
Transactions
  • Purchase

    Series C Convertible Paricipating Preferred Stock

    2018-01-31$1000.00/sh+41,600$41,600,000→ 18,134,353 total(indirect: See footnotes)
    Exercise: $6.15From: 2018-01-31→ Common Stock, $0.001 par value (8,117,073 underlying)
  • Purchase

    Series C Convertible Paricipating Preferred Stock

    2018-01-31$1000.00/sh+6,800$6,800,000→ 2,964,269.33 total(indirect: See footnotes)
    Exercise: $6.15From: 2018-01-31→ Common Stock, $0.001 par value (1,326,829 underlying)
  • Purchase

    Series C Convertible Paricipating Preferred Stock

    2018-01-31$1000.00/sh+29,600$29,600,000→ 12,903,290 total(indirect: See footnotes)
    Exercise: $6.15From: 2018-01-31→ Common Stock, $0.001 par value (5,775,610 underlying)
  • Purchase

    Series C Convertible Paricipating Preferred Stock

    2018-01-31$1000.00/sh+6,000$6,000,000→ 2,615,531.76 total(indirect: See footnotes)
    Exercise: $6.15From: 2018-01-31→ Common Stock, $0.001 par value (1,170,731 underlying)
  • Purchase

    Series C Convertible Paricipating Preferred Stock

    2018-01-31$1000.00/sh+13,000$13,000,000→ 5,666,985 total(indirect: See footnotes)
    Exercise: $6.15From: 2018-01-31→ Common Stock, $0.001 par value (2,536,585 underlying)
  • Purchase

    Series C Convertible Paricipating Preferred Stock

    2018-01-31$1000.00/sh+3,000$3,000,000→ 1,307,765.88 total(indirect: See footnotes)
    Exercise: $6.15From: 2018-01-31→ Common Stock, $0.001 par value (585,365 underlying)
VARDE PARTNERS INC
10% Owner
Transactions
  • Purchase

    Series C Convertible Paricipating Preferred Stock

    2018-01-31$1000.00/sh+41,600$41,600,000→ 18,134,353 total(indirect: See footnotes)
    Exercise: $6.15From: 2018-01-31→ Common Stock, $0.001 par value (8,117,073 underlying)
  • Purchase

    Series C Convertible Paricipating Preferred Stock

    2018-01-31$1000.00/sh+3,000$3,000,000→ 1,307,765.88 total(indirect: See footnotes)
    Exercise: $6.15From: 2018-01-31→ Common Stock, $0.001 par value (585,365 underlying)
  • Purchase

    Series C Convertible Paricipating Preferred Stock

    2018-01-31$1000.00/sh+13,000$13,000,000→ 5,666,985 total(indirect: See footnotes)
    Exercise: $6.15From: 2018-01-31→ Common Stock, $0.001 par value (2,536,585 underlying)
  • Purchase

    Series C Convertible Paricipating Preferred Stock

    2018-01-31$1000.00/sh+6,800$6,800,000→ 2,964,269.33 total(indirect: See footnotes)
    Exercise: $6.15From: 2018-01-31→ Common Stock, $0.001 par value (1,326,829 underlying)
  • Purchase

    Series C Convertible Paricipating Preferred Stock

    2018-01-31$1000.00/sh+29,600$29,600,000→ 12,903,290 total(indirect: See footnotes)
    Exercise: $6.15From: 2018-01-31→ Common Stock, $0.001 par value (5,775,610 underlying)
  • Purchase

    Series C Convertible Paricipating Preferred Stock

    2018-01-31$1000.00/sh+6,000$6,000,000→ 2,615,531.76 total(indirect: See footnotes)
    Exercise: $6.15From: 2018-01-31→ Common Stock, $0.001 par value (1,170,731 underlying)
VARDE PARTNERS LP
10% Owner
Transactions
  • Purchase

    Series C Convertible Paricipating Preferred Stock

    2018-01-31$1000.00/sh+29,600$29,600,000→ 12,903,290 total(indirect: See footnotes)
    Exercise: $6.15From: 2018-01-31→ Common Stock, $0.001 par value (5,775,610 underlying)
  • Purchase

    Series C Convertible Paricipating Preferred Stock

    2018-01-31$1000.00/sh+13,000$13,000,000→ 5,666,985 total(indirect: See footnotes)
    Exercise: $6.15From: 2018-01-31→ Common Stock, $0.001 par value (2,536,585 underlying)
  • Purchase

    Series C Convertible Paricipating Preferred Stock

    2018-01-31$1000.00/sh+6,800$6,800,000→ 2,964,269.33 total(indirect: See footnotes)
    Exercise: $6.15From: 2018-01-31→ Common Stock, $0.001 par value (1,326,829 underlying)
  • Purchase

    Series C Convertible Paricipating Preferred Stock

    2018-01-31$1000.00/sh+41,600$41,600,000→ 18,134,353 total(indirect: See footnotes)
    Exercise: $6.15From: 2018-01-31→ Common Stock, $0.001 par value (8,117,073 underlying)
  • Purchase

    Series C Convertible Paricipating Preferred Stock

    2018-01-31$1000.00/sh+6,000$6,000,000→ 2,615,531.76 total(indirect: See footnotes)
    Exercise: $6.15From: 2018-01-31→ Common Stock, $0.001 par value (1,170,731 underlying)
  • Purchase

    Series C Convertible Paricipating Preferred Stock

    2018-01-31$1000.00/sh+3,000$3,000,000→ 1,307,765.88 total(indirect: See footnotes)
    Exercise: $6.15From: 2018-01-31→ Common Stock, $0.001 par value (585,365 underlying)
Footnotes (12)
  • [F1]On January 30, 2018, the Issuer and The Varde Fund XI (Master), L.P. ("Fund XI"), The Varde Fund XII (Master), L.P. ("Fund XII"), The Varde Skyway Master Fund, L.P. ("Skyway Fund"), Varde Investment Partners (Offshore) Master, L.P. ("VIPO"), The Varde Fund VI-A, L.P. ("Fund VI-A") and Varde Investment Partners, L.P. ("VIP") (collectively, the "Purchasers") entered into a Securities Purchase Agreement (the "Securities Purchase Agreement"), pursuant to which on January 31, 2018 (the "Closing Date") the Purchasers purchased 100,000 shares of Series C Preferred Stock, from the Issuer in a private placement.
  • [F10]Varde Partners, L.P. ("Managing Member") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. ("General Partner") is the general partner of the Managing Member. Following the transaction described above, George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Series C Preferred Stock because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities.
  • [F11]Due to limitations of the electronic filing system, certain Reporting Persons are filing a separate Form 4.
  • [F12]Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.
  • [F2]The Series C Preferred Stock is perpetual and has no expiration date.
  • [F3]The amount reported reflects the amount of shares of Common Stock issuable upon conversion of the Series C Preferred Stock.
  • [F4]Reflects securities held directly by Fund XI. The Varde Fund XI G.P., LLC ("Fund XI GP") is the general partner of Fund XI.
  • [F5]Reflects securities held directly by Fund XII. The Varde Fund XII G.P., L.P. ("Fund XII GP") is the general partner of Fund XII, and The Varde Fund XII UGP, LLC ("Fund XII UGP") is the general partner of Fund XII GP.
  • [F6]Reflects securities held directly by Skyway Fund. The Varde Skyway Fund G.P., LLC ("Skyway Fund GP") is the general partner of Skyway Fund.
  • [F7]Reflects securities held directly by VIPO. Varde Investment Partners G.P., LLC ("VIP GP") is the general partner of VIP Offshore.
  • [F8]Reflects securities held directly by The Fund VI-A. VIP GP is the general partner of Fund VI-A.
  • [F9]10 Reflects securities held directly by VIP. VIP GP is the general partner of Fund VIP.

Documents

1 file

Issuer

LILIS ENERGY, INC.

CIK 0001437557

→
Entity typeother
IncorporatedDE

Related Parties

1
  • filerCIK 0001054846

Filing Metadata

Form type
4
Filed
Feb 1, 7:00 PM ET
Accepted
Feb 2, 6:40 PM ET
Size
27.9 KB
View on SEC.gov