Erin Energy Corp. 4
4 · Erin Energy Corp. · Filed Jan 24, 2017
Insider Transaction Report
Form 4
Omidele Segun
DirectorChief Executive Officer
Transactions
- Exercise/Conversion
Common Stock
2017-01-20$2.16/sh+113,624$245,428→ 758,320 total - Tax Payment
Common Stock
[F1]2017-01-20$3.55/sh−81,783$290,330→ 676,537 total - Exercise/Conversion
Incentive Stock Option (Right to Buy)
[F2]2017-01-20$2.16/sh−113,624$245,428→ 4,004,043 totalExercise: $2.16Exp: 2017-02-28→ Common Stock (113,624 underlying)
Footnotes (2)
- [F1]Reporting Person received 31,841 shares of the Issuer's Common Stock upon net share settlement of Reporting Person's exercise of options to purchase 113,624 shares of Issuer's Common Stock, with the remaining 81,783 shares being retained by the Issuer to pay the exercise price and to satisfy the minimum tax withholding requirements arising from the exercise.
- [F2]One-Third of the shares underlying the option vest on each of the first, second and third anniversaries of the date of grant (fully vested on the third anniversary of the grant date). The date of the grant for the option was February 28, 2012.
Signature
/s/ Jean-Michel Malek, Attorney-In-Fact|2017-01-24