4//SEC Filing
LILIS ENERGY, INC. 4
Accession 0001213900-14-000647
CIK 0001437557operating
Filed
Feb 3, 7:00 PM ET
Accepted
Feb 4, 7:42 PM ET
Size
10.3 KB
Accession
0001213900-14-000647
Insider Transaction Report
Form 4
GABBARD ALAN BRADLEY
DirectorPresident and CFO
Transactions
- Conversion
Common Stock
2014-01-31$2.00/sh+110,861$221,722→ 484,010 total - Conversion
8% Senior Secured 2014 Convertible Debenture
2014-01-31→ 0 totalExercise: $2.00From: 2013-06-18Exp: 2014-05-16→ Common Stock (110,861 underlying) - Other
Common Stock Warrant (right to buy)
2014-01-31+110,861→ 110,861 totalExercise: $2.50From: 2014-08-01Exp: 2017-01-31→ Common Stock (110,861 underlying)
Footnotes (3)
- [F1]Shares of common stock (the "Common Stock") of Lilis Energy, Inc. (the "Company") were issued in connection with the Reporting Person's conversion of $217,990 of 8% Senior Secured 2014 Convertible Debentures (the "Debentures") and accrued interest of $3,730.05 at $2.00 per share pursuant to the terms of the Debentures.
- [F2]The conversion price of the Debentures was automatically adjusted to $2.00 per share pursuant to the private offering conducted by the Company as reported on the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on January 28, 2014.
- [F3]The warrant was issued to the Reporting Person pursuant to the Debenture Conversion Agreement (the "Agreement") between the Company and the holders of the Debentures pursuant to which the Reporting Person received a warrant to purchase one share of Common Stock for each share of Common Stock issued upon conversion of his Debentures.
Documents
Issuer
LILIS ENERGY, INC.
CIK 0001437557
Entity typeoperating
Related Parties
1- filerCIK 0001437557
Filing Metadata
- Form type
- 4
- Filed
- Feb 3, 7:00 PM ET
- Accepted
- Feb 4, 7:42 PM ET
- Size
- 10.3 KB