Erin Energy Corp. 4
4 · Erin Energy Corp. · Filed May 31, 2017
Insider Transaction Report
Form 4
Ayoade Sakiru Adefemi (Femi)
DirectorChief Executive Officer
Transactions
- Award
Common Stock
2017-05-18+29,166→ 29,166 total
Holdings
- 133,333
Incentive Stock Option (Right to Buy)
Exercise: $1.80Exp: 2022-05-22→ Common Stock (133,333 underlying)
Footnotes (3)
- [F1]The Price per share is $0. The grant was valued at $1.80 per share.
- [F2]Common stock of Issuer granted to Reporting Person pursuant to Issuer's 2009 Equity Incentive Plan and subject thereto. Grant of restricted stock subject to forfeiture. 100% of the shares become vested and nonforfeitable on the twelve (12)month anniversary of May 18, 2017 (the "Vesting Commencement Date"), subject to recipient's continued service as a member of the Company's Board of Directors and subject to the terms and conditions of a Restricted Stock Purchase Agreement to be entered into by and between the Company and Grantee.
- [F3]Option to purchase common stock of Issuer granted to Reporting Person pursuant to Issuer's 2009 Equity Incentive Plan and subject thereto. The option vests at the rate of one-third of the total shares on May 18, 2018 (44,444), May 18, 2019 (44,444), and May 18, 2020 (44,445).