LILIS ENERGY, INC. 4
4 · LILIS ENERGY, INC. · Filed May 5, 2017
Insider Transaction Report
Form 4
Fuchs Ariella S
General Counsel
Transactions
- Tax Payment
Common Stock
2017-05-05−61,545→ 88,455 total - Award
Common Stock
2017-05-05+150,000→ 150,000 total
Footnotes (2)
- [F1]Represents restricted stock granted by the Issuer pursuant to the 2016 Omnibus Incentive Plan. This restricted stock award vests immediately upon the grant date.
- [F2]This forfeiture was undertaken solely to satisfy tax withholding liabilities relating to the vesting of restricted share awards held by the Reporting Person. The Reporting Person made the withholding election on May 5, 2017 with respect to restricted shares that vested on May 5, 2017. The aggregate value of the common shares so withheld was based on the closing price of the common shares on the NASDAQ Capital Market on the vesting date, which was $4.26.