UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

~~Washington~~WASHINGTON, ~~D.C.~~DC 20549

FORM 8-K

CURRENT REPORT PURSUANT TO

~~Pursuant to Section~~SECTION 13 orOR 15(d) ofOF ~~the~~THE

~~Securities~~SECURITIES ~~Exchange~~EXCHANGE ~~Act~~ACT ofOF 1934

Date of Report (Date of earliest event reported)~~: August 31, 2015~~

September 21, 2015 (September 16, 2015)

ZAZA ENERGY CORPORATION

(Exact name of registrant as specified in its charter)

Delaware	001-35432	45-2986089
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(I.R.S. Employer Identification No.)
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

1301 McKinney Street, Suite 2800 Houston, Texas		77010
(Address of principal executive offices)		(Zip Code)

1301 McKinney Street, Suite 2800
Houston, Texas 77010

(Address of principal executive offices, including zip code)

(713) 595-1900

(Registrant’s telephone number, including area code)

NOT APPLICABLE

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

~~o Written~~oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

~~o Soliciting~~oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

~~o Pre~~oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

~~o Pre~~oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 21.0401. ~~Triggering~~Entry ~~Events~~into ~~That Accelerate or Increase~~ a ~~Direct~~Material ~~Financial~~Definitive ~~Obligation or an Obligation under an Off-Balance Sheet Arrangement.~~Agreement

AsOn ~~previously~~September 16, ~~disclosed~~2015, ZaZa Energy Corporation (~~“we” or~~ the “Company”) ~~was~~entered ~~unable~~into toExchange ~~make~~Agreements (the ~~interest~~“Exchange ~~payment~~Agreements”) ~~due on August 1, 2015~~ with ~~respect~~each toof ~~its~~(a) Todd 9A.~~00%~~ ~~Convertible~~Brooks ~~Senior~~(President ~~Notes~~and ~~due~~Chief ~~2017~~Executive ~~(the~~Officer ~~“Convertible~~of ~~Senior~~the ~~Notes”~~Company)~~. Pursuant~~ toand ~~the~~Blackstone ~~indenture~~Oil & ~~for~~Gas, ~~the~~LLC ~~Convertible~~(an ~~Senior~~entity ~~Notes~~controlled by Mr. Brooks) (together, the “~~Convertible~~Brooks ~~Senior~~Note ~~Notes Indenture~~Holders”), ~~the~~(b) John ~~Company~~E. ~~had~~Hearn, Jr. (a ~~30-day~~Director ~~grace~~of ~~period,~~the orCompany) ~~until~~and ~~August 31,~~Lara ~~2015~~Energy, Inc. to(an ~~make~~entity ~~the~~controlled ~~interest~~by ~~payment~~Mr. Hearn) on(together, the ~~Convertible~~“Hearn ~~Senior~~Note ~~Notes. As~~Holders”) ofand ~~August~~(c) ~~31,~~Gaston ~~2015,~~L. Kearby (a Director of the Company) ~~was~~and ~~still~~Omega ~~unable~~Energy toLLC ~~make~~(an ~~the~~entity ~~required~~controlled ~~interest~~by ~~payment~~Mr. Kearby) ~~under~~(together, the ~~Convertible~~“Kearby ~~Senior~~Note ~~Notes; thus~~Holders,” ~~pursuant~~and tocollectively with the ~~terms~~Brooks ofNote ~~the~~Holders ~~Convertible~~and ~~Senior~~the ~~Notes~~Hearn ~~Indenture~~Note Holders, the ~~entire~~“Subordinated ~~debt~~Note ~~represented~~Holders”) bypursuant to which the ~~Convertible~~Subordinated ~~Senior~~Note ~~Notes~~Holders ~~became~~each ~~immediately~~agreed ~~due~~to ~~and~~exchange ~~payable~~their onapproximately ~~August 31,~~$15.8 ~~2015~~million principal plus accumulated interest (approximately $50.1 million in principal ~~Also,~~and ~~because~~interest ofin the ~~failure~~aggregate) toin ~~make~~8.00% ~~the~~Subordinated ~~interest~~Notes ~~payment~~ due on2017 ~~August 1,~~(the ~~2015,~~“Subordinated ~~the~~Notes”) ~~Convertible~~for ~~Senior~~the ~~Notes~~right ~~began~~to ~~accruing~~receive ~~defaulted~~an ~~interest~~0.8% onoverriding ~~August 2,~~royalty ~~2015~~interest at(for a ~~rate~~total ~~equal~~of to 2.04%) ~~per~~in ~~annum~~any infuture ~~excess~~interests ofthat the ~~currently~~Company ~~applicable~~or ~~rate~~its ofaffiliates ~~9.00%~~acquire ~~per~~during ~~annum~~the next five years (the “Future ORRI”). AsThe ofexchange ~~August~~was closed on September 3117, 2015, ~~there~~thereby ~~was~~extinguishing $4250.1 million, ~~including~~of ~~accrued~~the Company’s debt plus accumulated and unpaid interest, ~~outstanding~~on ~~under~~those ~~the~~Subordinated ~~Convertible Senior~~ Notes.

~~Both~~The ~~the~~foregoing ~~failure~~descriptions toof ~~make~~ the ~~Convertible~~Exchange ~~Senior~~Agreements ~~Notes interest payment~~ and the ~~acceleration~~Future ofORRI ~~the debt represented by the Convertible Senior Notes were an “Event of Default” under the cross-default provisions of that securities purchase agreement~~ (~~as amended~~collectively, the “~~Senior Secured Notes Purchase Agreement~~Agreements”), ~~dated~~are ~~February 21,~~qualified ~~2012,~~ by ~~and~~reference ~~among the Company and the purchases party thereto pursuant~~ to ~~which~~ the ~~Company~~full ~~has~~text ~~issued its 10.00% Senior Secured Notes due 2017 (the “Senior Secured Notes”). There was previously an Event~~ of ~~Default under~~ the ~~Senior~~form Secured Notes Purchase Agreement when, on July 15, 2015, the Company was unable to fulfill its obligation to prepay approximately $13.9 million in aggregate principal amount outstanding under the Senior Secured Notes (the “Senior Secured Notes Prepayment Default”). Thus, the interest rate on Senior Secured Notes increased on July 16, 2015 to 13.00% per annum. An additional Event of ~~Default under the Senior Secured Notes Purchase Agreement occurred on August 21~~Agreements, ~~2015,~~copies ~~when the Company was unable to make the interest payment due to the holders~~ of ~~the~~which ~~Senior~~are ~~Secured~~attached ~~Notes~~hereto ~~(the~~as ~~“Senior~~Exhibits ~~Secured Notes Interest Payment Default”)~~10. ~~Each~~1 ~~of the Senior Secured Notes Prepayment Default~~ and ~~the~~incorporated ~~Senior~~herein Secured Notes Interest Payment Default gives each holder of the Senior Secured Notes the ability, with proper notice, to accelerate the debt associated with such holder’s Senior Secured Notes. Any “Event of Default” under the Senior Secured Notes Purchase Agreement gives the right to the holders of a majority in principal amount of the Senior Secured Notes outstanding (currently, as of the filing of this report, Senator Sidecar Master Fund LP and MSDC ZEC Investments, LLC) to accelerate all debt represented by ~~the Senior Secured Notes, not just the debt associated with the Senior Secured Notes held by those holders~~reference. ~~As of the time of filing of this report, the Company has not received notice of acceleration from any of the holders of the Senior Secured Notes.~~

~~The~~Item ~~Company is continuing to work with the holders of the Senior Secured Notes and the Convertible Senior Notes to develop a solution to liquidity challenges~~7.01. ~~However,~~Regulation ~~there~~FD ~~can be no assurance that a mutually acceptable resolution will be agreed to or, if so, on what terms~~Disclosure.

2On September 21, 2015, the Company issued a press release relating to entry into the Exchange Agreements. A copy of the Company’s press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

~~SIGNATURES~~Item 9.01. Financial Statements and Exhibits.

~~Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized~~(d) Exhibits.

~~Dated:~~The ~~September 4,~~following ~~2015~~exhibits are filed in accordance with the provisions of Item 601 of Regulation S-K:

ZaZa Energy Corporation By: /s/ Scott Gaille Scott Gaille Chief Compliance Officer and General Counsel

Exhibit No.		Description

10.1		Form of Exchange Agreement and Assignment of Overriding Royalty Interest

99.1		Press Release of ZaZa Energy Corporation, dated September 21, 2015

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

	ZAZA ENERGY CORPORATION

Date: September 21, 2015	By:	/s/ Todd A. Brooks
	Todd A. Brooks President and Chief Executive Officer

EXHIBIT INDEX

Exhibit No.		Description

10.1		Form of Exchange Agreement and Assignment of Overriding Royalty Interest

99.1		Press Release of ZaZa Energy Corporation, dated September 21, 2015

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