4//SEC Filing
Ormand Ronald D 4
Accession 0001144204-18-034486
CIK 0001437557other
Filed
Jun 17, 8:00 PM ET
Accepted
Jun 18, 6:06 AM ET
Size
16.2 KB
Accession
0001144204-18-034486
Insider Transaction Report
Form 4
Ormand Ronald D
Director
Transactions
- Exercise of In-Money
Warrant (right to buy)
2018-06-01−522,728→ 0 total(indirect: See Footnote)Exercise: $2.50From: 2016-06-22Exp: 2018-06-22→ Common Stock (522,728 underlying) - Exercise of In-Money
Common Stock
2018-06-01$2.50/sh+522,728$1,306,820→ 4,549,981 total(indirect: See Footnote) - Tax Payment
Common Stock
2018-06-01$5.95/sh−219,634$1,306,822→ 4,330,347 total(indirect: See Footnote)
Footnotes (3)
- [F1]These securities referenced in Column 4 of Table 1 and Column 5 of Table 2 are held by Perugia Investments L.P. Reporting Person is the manager of Perugia and has sole voting and dispositive power over the securities held by Perugia.
- [F2]On June 1, 2018, the reporting person provided notice of exercise of its warrant to purchase 522,728 shares of LLEX common stock for $2.50 a share on a cashless basis. Issuer executed the transaction on June 8, 2018, based on May 31, 2018 stock prices, resulting in LLEX's withholding of 219,634 of the warrant shares to pay the exercise price and issuing to the reporting person the remaining 303,094 shares.
- [F3]Of the securities referenced in Column 5, 2,706,792 shares of common stock are held by Perugia Investments L.P., 1,583,555 shares of common stock are held directly by Mr. Ormand, and 40,000 shares of common stock are held the Bruin Trust, an irrevocable trust managed by Jerry Ormand, Mr. Ormand's brother, as trustee and whose beneficiaries include the adult children of Mr. Ormand.
Issuer
LILIS ENERGY, INC.
CIK 0001437557
Entity typeother
Related Parties
1- filerCIK 0001420058
Filing Metadata
- Form type
- 4
- Filed
- Jun 17, 8:00 PM ET
- Accepted
- Jun 18, 6:06 AM ET
- Size
- 16.2 KB