4//SEC Filing
Erin Energy Corp. 4
Accession 0001402281-17-000026
CIK 0001402281operating
Filed
Feb 28, 7:00 PM ET
Accepted
Mar 1, 7:55 PM ET
Size
10.7 KB
Accession
0001402281-17-000026
Insider Transaction Report
Form 4
Omidele Segun
Sr VP Business Development
Transactions
- Award
Common Stock
2017-02-15$3.90/sh+35,897$139,998→ 891,922 total - Tax Payment
Common Stock
2017-02-17$3.80/sh−19,377$73,633→ 859,138 total - Tax Payment
Common Stock
2017-02-17$3.80/sh−19,140$72,732→ 839,998 total - Tax Payment
Common Stock
2017-02-15$3.90/sh−13,407$52,287→ 878,515 total
Footnotes (5)
- [F1]Common stock of Issuer granted to Reporting Person on February 15, 2017 pursuant to Issuer's Amended 2009 Equity Incentive Plan in lieu of Reporting Person's 2016 annual incentive for payout in 2017. 100% of the shares become vested and nonforfeitable on the date of Grant and are subject to the terms and conditions of the Restricted Shares Grant Agreement.
- [F2]The price per share is $0. The grant was valued at $3.90 per share.
- [F3]Reporting person received 22,490 shares of the Issuer's Common Stock upon net share settlement in connection with the immediate vesting of 35,897 shares of common stock on February 15, 2017, with the remaining 13,407 shares being retained by the Issuer to pay the tax withholding requirements arising from the net share settlement of the restricted stock grant.
- [F4]Reporting person received 28,091 shares of the Issuer's Common Stock upon net share settlement in connection with the February 17, 2017 vesting of 47,468 shares of common stock granted to Reporting Person on February 17, 2015, with the remaining 19,377 shares being retained by the Issuer to pay the tax withholding requirements arising from the net share settlement of the restricted stock grant.
- [F5]Reporting person received 32,230 shares of the Issuer's Common Stock upon net share settlement in connection with the February 17, 2017 vesting of 51,370 shares of common stock granted to Reporting Person on February 17, 2016, with the remaining 19,140 shares being retained by the Issuer to pay the tax withholding requirements arising from the net share settlement of the restricted stock grant.
Documents
Issuer
Erin Energy Corp.
CIK 0001402281
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001402281
Filing Metadata
- Form type
- 4
- Filed
- Feb 28, 7:00 PM ET
- Accepted
- Mar 1, 7:55 PM ET
- Size
- 10.7 KB