Blackwell Seth D Blackwell 4
4 · LILIS ENERGY, INC. · Filed Nov 13, 2017
Insider Transaction Report
Form 4
Blackwell Seth D Blackwell
See Remarks
Transactions
- Award
Stock Option (Right to Buy)
2017-11-09+100,000→ 100,000 totalExercise: $4.48Exp: 2027-05-02→ Common Stock (100,000 underlying)
Footnotes (2)
- [F1]Represents options to purchase common stock granted by Lilis Energy, Inc. ("Lilis") pursuant to the 2016 Omnibus Incentive Plan. The Reporting Person was granted an option to purchase 200,000 shares of common stock on May 2, 2017, which vests upon Lilis achieving specific performance criteria, subject to continued service through up to each vesting date. The performance criteria for two installments were met, resulting in the vesting of the option as to 100,000 shares.
- [F2]This option to purchase common stock expires ten years from the grant date.