LILIS ENERGY, INC. 4
4 · LILIS ENERGY, INC. · Filed Feb 8, 2017
Insider Transaction Report
Form 4
Short Brennan Dane
Chief Operating Officer
Transactions
- Award
Common Stock
2017-01-27+75,000→ 75,000 total - Award
Stock Option (Right to Buy)
2017-01-27+250,000→ 250,000 totalExercise: $4.35→ Common Stock (250,000 underlying)
Footnotes (3)
- [F1]Represents restricted stock granted by the Issuer pursuant to the 2016 Omnibus Incentive Plan. This restricted stock award vests over two years, with 34% vesting on the date of the grant, 33% vesting on the first anniversary of the date of the grant and 33% vesting on the second anniversary of the date of the grant, subject to continued service through each vesting date.
- [F2]Represents options to purchase common stock granted by the Issuer pursuant to the 2016 Omnibus Incentive Plan. This option vests over two years, with 34% vesting on the date of the grant, 33% vesting on the first anniversary of the date of the grant and 33% vesting on the second anniversary of the date of the grant, subject to continued service through each vesting date.
- [F3]This option to purchase common stock expires ten years from the date the options first vest and become exercisable.