Christensen Mark Daniel 4
4 · LILIS ENERGY, INC. · Filed Jun 29, 2018
Insider Transaction Report
Form 4
Christensen Mark Daniel
Director
Transactions
- Tax Payment
Common Stock
2018-06-13$5.15/sh−33,098$170,455→ 1,138,446 total(indirect: See Footnote) - Exercise of In-Money
Warrants (Right to Buy)
2018-06-13−68,182→ 0 total(indirect: See Footnote)Exercise: $2.50From: 2016-06-22Exp: 2018-06-22→ Common Stock (68,182 underlying) - Exercise of In-Money
Common Stock
2018-06-13$2.50/sh+68,182$170,455→ 1,171,544 total(indirect: See Footnote)
Holdings
- 23,954
Common Stock
- 179,347(indirect: See Footnote)
Common Stock
Footnotes (3)
- [F1]These securities referenced are held indirectly by Trace Capital Inc. The Reporting Person's wife is the natural person with sole voting and dispositive power for the purchase of the 68,182 shares by Trace Capital Inc. In addition, the amount of securities shown as being held by Trace Capital Inc. in Footnote 5 of the preceding Form 4 dated April 20, 2018 was inadvertently reported in the aggregate amount as being 1,103,263 shares of common stock, instead of 1,103,362. The error has been corrected in this Form 4.
- [F2]On June 13, 2018, the Reporting Person provided notice of exercise of warrants to purchase 68,182 shares of LLEX common stock for $2.50 a share on a cashless basis. Issuer executed the transaction on June 14, 2018, based on June 13, 2018 stock prices, resulting in LLEX withholding 33,098 shares to pay the exercise price.
- [F3]These securities referenced are held indirectly through Christensen GM&P Holding Corp., for which Reporting Person is the natural person with ultimate voting and dispositive power.