SEC Form 4 · accession 0001402281-16-000056
Erin Energy Corp. · ERN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jean-Michel Malek
Officer — SVP, General Counsel&Secretary
Period of report
Feb 17, 2016
Accepted (ET)
Feb 19, 2016 · 5:00 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 | Feb 17, 2016 | A | 83,048 | $2.19 | A | 112,215 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Common stock of Issuer granted to Reporting Person on February 17, 2016 pursuant to Issuer's 2009 Equity Incentive Plan and subject thereto. Grant of restricted stock 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 Stock Purchase Agreement.
- F2The price per share is $0. The grant was valued at $2.19 per share.