LILIS ENERGY, INC. 4
4 · LILIS ENERGY, INC. · Filed Aug 23, 2016
Insider Transaction Report
Form 4
Dawson R Glenn
Director
Transactions
- Purchase
Series B 6% Convertible Preferred Stock
2016-08-22+125→ 125 total→ Common Stock (113,636 underlying) - Purchase
Warrant (Right to Buy)
2016-08-22+1→ 1 totalExercise: $2.50→ Common Stock (56,819 underlying)
Footnotes (5)
- [F1]The Series B 6% Convertible Preferred Stock is convertible into the issuer's common stock at a rate determined by dividing the stated value ($1,000) by $1.10.
- [F2]The Series B 6% Convertible Preferred Stock is exercisable immediately upon issuance, subject to certain conditions including the receipt of requisite stockholder approval pursuant to the Certificate of Designation.
- [F3]The Series B 6% Convertible Preferred Stock has no expiration date.
- [F4]The reporting person purchased 125 shares of Series B 6% Convertible Preferred Stock and a warrant to purchase 56,819 shares of the issuer's common stock for an aggregate purchase price of $125,000.
- [F5]The Warrant has a term of two years and exercisable immediately upon issuance, subject to certain conditions including the receipt of requisite stockholder approval pursuant to the terms of the Warrant.