4//SEC Filing
LILIS ENERGY, INC. 4
Accession 0001213900-16-016425
CIK 0001437557operating
Filed
Aug 25, 8:00 PM ET
Accepted
Aug 26, 6:02 PM ET
Size
9.2 KB
Accession
0001213900-16-016425
Insider Transaction Report
Form 4
NANKE KEVIN K
EVP and CFO
Transactions
- Purchase
Series B 6% Convertible Preferred Stock
2016-08-24+200→ 200 total(indirect: See footnote)→ Common Stock (181,818 underlying) - Purchase
Warrant (Right to Buy)
2016-08-24+90,909→ 1 total(indirect: See footnote)Exercise: $2.50→ Common Stock (90,909 underlying)
Footnotes (7)
- [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 200 shares of Series B 6% Convertible Preferred Stock and a warrant to purchase 90,909 shares of the issuer's common stock for an aggregate purchase price of $200,000.
- [F5]KKN Holdings LLC for which the Reporting Person has voting and dispositive control over the securities held by it.
- [F6]Represents shares of underlying common stock.
- [F7]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.
Documents
Issuer
LILIS ENERGY, INC.
CIK 0001437557
Entity typeoperating
Related Parties
1- filerCIK 0001437557
Filing Metadata
- Form type
- 4
- Filed
- Aug 25, 8:00 PM ET
- Accepted
- Aug 26, 6:02 PM ET
- Size
- 9.2 KB