LILIS ENERGY, INC. 4
4 · LILIS ENERGY, INC. · Filed Mar 22, 2016
Insider Transaction Report
Form 4
Dawson R Glenn
Director
Transactions
- Purchase
Warrant (Right to Buy)
2016-01-18+200,000→ 200,000 totalExercise: $0.25From: 2016-03-18Exp: 2019-03-18→ Common Stock (200,000 underlying) - Purchase
Subordinated Convertible Note
2016-01-18→ 100,000 totalExercise: $0.50From: 2016-03-18→ Common Stock (100,000 underlying)
Footnotes (2)
- [F1]The Subordinated Convertible Note (the "Note") accrues interest at a rate of 12% per annum and matures on April 1, 2017. The outstanding principal and accrued interest on the Note can be converted at any time, subject to stockholder approval prior to repayment of the Note.
- [F2]A warrant to purchase 200,000 shares of common stock was issued by the Company as additional consideration for the purchase price of the Note.