4//SEC Filing
Ayoade Sakiru Adefemi (Femi) 4
Accession 0001402281-18-000008
CIK 0001402281other
Filed
Feb 22, 7:00 PM ET
Accepted
Feb 23, 2:53 PM ET
Size
9.4 KB
Accession
0001402281-18-000008
Insider Transaction Report
Form 4
Ayoade Sakiru Adefemi (Femi)
DirectorChief Executive Officer
Transactions
- Award
Common Stock
2018-02-21+88,000→ 220,217 total - Award
Common Stock
2018-02-21+15,051→ 44,217 total - Award
Common Stock
2018-02-21+88,000→ 132,217 total
Footnotes (4)
- [F1]Restricted Common stock of Issuer granted to Reporting Person on February 21, 2018 pursuant to Issuer's Amended 2009 Equity Incentive Plan in lieu of Reporting Person's 2017 annual incentive for payout in 2018. 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 $3.75 per share.
- [F3]Restricted common stock of Issuer granted to Reporting Person on February 21, 2018 pursuant to Issuer's Amended 2009 Equity Incentive Plan and subject thereto. Grant of restricted shares subject to forfeiture. 50% of shares become vested on the one-year anniversary of Grant Date and 50% become vested on the two-year anniversary of Grant Date, for so long as the recipient of the stock remains an employee of, or consultant to, the Company and subject to the terms and conditions of the Restricted Shares Grant Agreement.
- [F4]Restricted common stock of Issuer granted to Reporting Person on February 21, 2018 pursuant to Issuer's Amended 2009 Equity Incentive Plan and subject thereto. Vesting occurs on the three-year anniversary of the grant date, based on the relative Total Shareholder Return ("TSR")of the Issuer as compared to the TSR of each of the companies in the Issuer's peer group over the three-year period beginning on January 1, 2018 through December 31, 2020, and subject to the Reporting Person's continuous employment through the vesting date and the terms and conditions of the Performance Shares Grant Agreement. Shares reported represent the target shares, and actual vesting could be anywhere from 0 to 150% of the number of shares initially granted, with any unvested shares subject to forfeiture.
Documents
Issuer
Erin Energy Corp.
CIK 0001402281
Entity typeother
Related Parties
1- filerCIK 0001707752
Filing Metadata
- Form type
- 4
- Filed
- Feb 22, 7:00 PM ET
- Accepted
- Feb 23, 2:53 PM ET
- Size
- 9.4 KB