LILIS ENERGY, INC. 4
4 · LILIS ENERGY, INC. · Filed Jul 13, 2017
Insider Transaction Report
Form 4
Ormand Ronald D
Director
Transactions
- Gift
Common Stock
2017-06-19−5,000→ 3,673,086 total - Tax Payment
Common Stock
2017-07-07−120,833→ 3,552,253 total
Footnotes (2)
- [F1]This reported transaction was a gift from the Reporting Person to a charity or charitable foundation.
- [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 July 7, 2017 with respect to restricted shares that vested on July 7, 2017. The amount of shares that vested on July 7, 2017 was 420,833 and the Reporting Person retained 300,000 shares. The aggregate value of the common shares so withheld was based on the closing price of the common shares on the NYSE MKT on July 7, 2017, which was $4.80.