4//SEC Filing
Erin Energy Corp. 4
Accession 0001402281-16-000149
CIK 0001402281operating
Filed
Aug 18, 8:00 PM ET
Accepted
Aug 19, 5:48 PM ET
Size
15.7 KB
Accession
0001402281-16-000149
Insider Transaction Report
Form 4
Omidele Segun
Sr VP Business Development
Transactions
- Exercise/Conversion
Common Stock
2016-08-17$2.04/sh+70,581$143,985→ 679,329 total - Disposition to Issuer
Common Stock
2016-08-17$2.63/sh−16,247$42,806→ 608,748 total - Tax Payment
Common Stock
2016-08-17$2.63/sh−54,334$143,154→ 624,995 total - Exercise/Conversion
Common Stock
2016-08-19$2.04/sh+147,057$299,996→ 755,805 total - Exercise/Conversion
Incentive Stock Option (Right to Buy)
2016-08-17−70,581→ 4,264,724 totalExercise: $2.04From: 2012-09-01Exp: 2016-09-01→ Common Stock (70,581 underlying) - Exercise/Conversion
Incentive Stock Option (Right to Buy)
2016-08-19−147,057→ 4,117,667 totalExercise: $2.04From: 2012-09-01Exp: 2016-09-01→ Common Stock (147,057 underlying) - Tax Payment
Common Stock
2016-08-19$2.70/sh−111,109$299,994→ 644,696 total
Footnotes (4)
- [F1]Issued upon exercise of incentive stock options granted to Reporting Person under the Issuer's 2009 Equity Incentive Plan.
- [F2]Corresponds to the exercise price of the stock option. Reporting person sold these shares at an average price of $2.6347.
- [F3]Represents the number of shares sold by the Reporting Person to cover payment of the exercise cost and tax withholding obligations arising from the exercise, in connection with the exercise of an incentive stock option granted to Reporting person on September 1, 2011 pursuant to the Issuer's 2009 Equity Incentive Plan. This sale is made to satisfy payment of the exercise cost and tax withholding obligations funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
- [F4]Reporting Person received 35,948 shares of the Issuer's Common Stock upon net share settlement of Reporting Person's exercise of options to purchase 147,057 shares of Issuer's Common Stock, with the remaining 111,109 shares being retained by the Issuer to pay the exercise cost arising from the exercise in connection with the net settlement of the incentive stock option and does not represent a sale by the Reporting Person.
Documents
Issuer
Erin Energy Corp.
CIK 0001402281
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001402281
Filing Metadata
- Form type
- 4
- Filed
- Aug 18, 8:00 PM ET
- Accepted
- Aug 19, 5:48 PM ET
- Size
- 15.7 KB