LILIS ENERGY, INC. 4
4 · LILIS ENERGY, INC. · Filed Jun 27, 2016
Insider Transaction Report
Form 4
NANKE KEVIN K
EVP and CFO
Transactions
- Conversion
Subordinated Convertible Note
2016-06-23→ 0 total→ Common Stock (90,909 underlying) - Conversion
Common Stock
2016-06-23+90,909→ 90,919 total - Award
Stock Option (Right to Buy)
2016-06-24+625,000→ 625,000 totalExercise: $1.34Exp: 2026-06-24→ Common Stock (625 underlying)
Footnotes (3)
- [F1]The Subordinated Convertible Notes held by the Reporting Person was acquired and then converted in full into Lilis Energy, Inc. common stock at $1.10 on June 23, 2016 and was set to mature on April 1, 2017.
- [F2]All share amounts that appear in this report have been adjusted to reflect a 1-for-10 reverse stock split of Lilis Energy, Inc.'s outstanding common stock effected on June 23, 2016.
- [F3]This option vests over two years, with 34% vesting on the date of the grant, 33% vesting on the first anniversary of the date of the grant and 33% vesting on the second anniversary of the date of the grant, subject to continued service through each vesting date.