SEC Form 4/A · accession 0001402281-16-000030
Erin Energy Corp. · ERN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Public Investment Corp (SOC) Ltd
10% Owner
Period of report
May 27, 2015
Accepted (ET)
Feb 9, 2016 · 3:38 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001402281
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3,F4 | May 27, 2015 | A | 12,788 | $0.00 | A | 62,854,636 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Common 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 will become vested and nonforfeitable on the twelve (12) month anniversary of May 27, 2015 (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 the Grantee.
- F2The reporting person Dr. Daniel M. Matjila is currently the Chief Executive Officer and an Executive Director of the reporting entity Public Investment Corporation (SOC) Limited. Pursuant to an agreement between Dr. Matjila and Public Investment Corporation (SOC) Limited, Dr. Matjila assigned any compensation he received from the Company to Public Investment Corporation (SOC) Limited. Dr. Matjila disclaims beneficial ownership of such shares.
- F3The price per share is $0. The grant was valued at $7.82 per share.
- F4The aggregate total is adjusted to reflect a six-to-one reverse stock split of the Company's common stock which became effective on April 22, 2015.