4//SEC Filing
Short Brennan Dane 4
Accession 0001144204-18-004725
CIK 0001437557other
Filed
Jan 29, 7:00 PM ET
Accepted
Jan 30, 7:53 PM ET
Size
8.1 KB
Accession
0001144204-18-004725
Insider Transaction Report
Form 4
Short Brennan Dane
Chief Operating Officer
Transactions
- Tax Payment
Common Stock
2018-01-27−7,114→ 418,180 total - Award
Stock Option (Right to Buy)
2018-01-30+50,000→ 300,000 totalExercise: $4.48Exp: 2027-05-02→ Common Stock (50,000 underlying)
Footnotes (3)
- [F1]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 January 27, 2018 with respect to restricted shares that vested on January 27, 2018. The aggregate value of the common shares so withheld was based on the closing price of the common shares on the NYSE American on January 26, 2018 (the last trading day immediately prior to the vesting date), which was $4.50.
- [F2]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 500,000 shares of common stock on May 2, 2017, 250,000 of which vested immediately, and 250,000 of which vests upon Lilis achieving specific performance criteria, subject to continued service up to each vesting date. The performance criteria for one installment was met, resulting in the vesting of the option as to 50,000 shares.
- [F3]This option to purchase common stock expires ten years from the grant date.
Documents
Issuer
LILIS ENERGY, INC.
CIK 0001437557
Entity typeother
Related Parties
1- filerCIK 0001697250
Filing Metadata
- Form type
- 4
- Filed
- Jan 29, 7:00 PM ET
- Accepted
- Jan 30, 7:53 PM ET
- Size
- 8.1 KB