LILIS ENERGY, INC. 4
4 · LILIS ENERGY, INC. · Filed Aug 26, 2016
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.