LILIS ENERGY, INC. 4
4 · LILIS ENERGY, INC. · Filed Mar 18, 2015
Insider Transaction Report
Form 4
NANKE KEVIN K
EVP and CFO
Transactions
- Award
Common Stock
2015-03-06+100,000→ 100,000 total - Award
Stock Option (Right to Buy)
2015-03-06+750,000→ 750,000 totalExercise: $0.99→ Common Stock (750,000 underlying)
Footnotes (3)
- [F1]Granted by Issuer in connection with Reporting Person's compensation under the Employment Agreement between the Issuer and Reporting Person, dated March 6, 2015.
- [F2]This option to purchase common stock vests, and becomes exercisable, in three equal installments on each of March 6, 2016, March 6, 2017 and March 6, 2018.
- [F3]This option to purchase common stock expires upon the earlier of (a) five (5) years from the date the options vest and become exercisable or (b) March 6, 2025.