SEC Form 4 · accession 0001402281-16-000113
Erin Energy Corp. · ERN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kase Lukman Lawal
10% Owner
Period of report
Mar 31, 2016
Accepted (ET)
May 27, 2016 · 9:15 pm EDT
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 | Mar 31, 2016 | A | 53,191 | $0.00 | A | 2,532,348 | D | |
| Common StockF3 | May 13, 2016 | P | 10,000 | $1.95 | A | 2,542,348 | D | |
| Common StockF4 | May 16, 2016 | P | 13,000 | $1.99 | A | 2,555,348 | D | |
| Common StockF5 | May 17, 2016 | P | 11,500 | $2.09 | A | 2,566,848 | D | |
| Common StockF6 | May 18, 2016 | P | 7,500 | $2.08 | A | 2,574,348 | D | |
| Common StockF7,F8 | May 25, 2016 | A | 28,571 | $0.00 | A | 2,602,919 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Common stock of Issuer granted to Reporting Person on March 31, 2016 pursuant to Issuer's 2009 Equity Incentive Plan in lieu of Reporting Person's cash salary for first quarter 2016. 100% of the shares become vested and nonforfeitable on the date of Grant and are subject to the terms and conditions of the Restricted Stock Purchase Agreement.
- F2The price per share is $0. The grant was valued at $1.88 per share.
- F3This price reflects the weighted average purchase price for open-market purchases of shares made by the filing person on May 13, 2016, at a weighted average price of $1.95. The filing person further undertakes to provide upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares purchased at each separate price.
- F4This price reflects the weighted average purchase price for open-market purchases of shares made by the filing person on May 16, 2016, at a weighted average price of $1.99. The filing person further undertakes to provide upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares purchased at each separate price.
- F5This price reflects the weighted average purchase price for open-market purchases of shares made by the filing person on May 17, 2016, at a weighted average price of $2.09. The filing person further undertakes to provide upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares purchased at each separate price.
- F6This price reflects the weighted average purchase price for open-market purchases of shares made by the filing person on May 18, 2016, at a weighted average price of $2.08. The filing person further undertakes to provide upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares purchased at each separate price.
- F7Common stock of Issuer granted to Reporting Person on May 25, 2016 pursuant to Issuer's 2009 Equity Incentive Plan in lieu of Reporting Person's pro-rated cash salary for the period April 1-May 25, 2016. 100% of the shares become vested and nonforfeitable on the date of Grant and are subject to the terms and conditions of the Restricted Stock Purchase Agreement.
- F8The price per share is $0. The grant was valued at $2.10 per share.