4//SEC Filing
Wood David M. 4
Accession 0001437557-19-000016
CIK 0001437557other
Filed
Feb 12, 7:00 PM ET
Accepted
Feb 13, 4:29 PM ET
Size
269.3 KB
Accession
0001437557-19-000016
Insider Transaction Report
Form 4
Wood David M.
Director
Transactions
- Award
Common Stock
2019-02-11$2.17/sh+34,562$75,000→ 74,562 total - Award
Common Stock
2019-02-11$2.17/sh+10,000$21,700→ 40,000 total - Award
Stock Option (Right to Buy)
2019-02-11+45,000→ 45,000 totalExercise: $2.17→ Common Stock (45,000 underlying)
Footnotes (4)
- [F1]Represents restricted stock granted by the Issuer pursuant to the 2016 Omnibus Incentive Plan for Reporting Person's service on the Board of Directors. These shares vest over three years, with 34% vesting on the first anniversary of the date of the grant, 33% vesting on the second anniversary of the date of the grant, and 33% vesting on the third anniversary of the date of the grant, subject to continued service through each vesting date.
- [F2]Represents restricted stock granted by the Issuer to the Reporting Person on January 31, 2019 for the Reporting Person's service on the Board of Directors.
- [F3]Represents option to purchase common stock granted by the Issuer pursuant to the 2016 Omnibus Incentive Plan for Reporting Person's service on the Board of Directors, which vest, and become exercisable, in four installments: 25,000 options which vest immediately, and then in three equal installments on each of January 31, 2020, January 31, 2021, and January 31, 2022, subject to continued service through each vesting date.
- [F4]This option to purchase common stock expires ten years from the date the options first vest and become exercisable.
Issuer
LILIS ENERGY, INC.
CIK 0001437557
Entity typeother
Related Parties
1- filerCIK 0001381436
Filing Metadata
- Form type
- 4
- Filed
- Feb 12, 7:00 PM ET
- Accepted
- Feb 13, 4:29 PM ET
- Size
- 269.3 KB