LILIS ENERGY, INC. 4
4 · LILIS ENERGY, INC. · Filed Jul 11, 2016
Insider Transaction Report
Form 4
Dawson R Glenn
Director
Transactions
- Award
Common Stock
2016-07-07+170,500→ 215,955 total - Conversion
Common Stock
2016-06-23+45,455→ 45,455 total - Conversion
Subordinated Convertible Note
2016-06-23→ 0 total→ Common Stock (45,455 underlying)
Footnotes (3)
- [F1]The Subordinated Convertible Notes held by the Reporting Person were converted in full into Lilis Energy, Inc. common stock at $1.10 on June 23, 2016 and was set to mature on June 30, 2016.
- [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]Granted by the Issuer pursuant to the 2016 Omnibus Incentive Plan. The shares vest 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.