SEC Form 4 · accession 0001402281-16-000117
Erin Energy Corp. · ERN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Segun Omidele
Officer — Chief Executive Officer · Director
Period of report
Mar 12, 2016
Accepted (ET)
Jun 2, 2016 · 9:41 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 12, 2016 | F | 12,057 | $2.31 | D | 608,748 | D | |
| Common StockF3 | May 31, 2016 | S | 100 | $2.75 | D | 608,648 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents the number of shares sold by the Reporting Person to cover tax withholding obligations in connection with the March 12, 2016 vesting of Restricted Common stock granted to Reporting Person on March 12, 2014 pursuant to Issuer's 2009 Equity Incentive Plan and subject thereto. This sale is made to satisfy the tax withholding obligations funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
- F2Reporting person sold these shares pursuant to a Rule 10b5-1 plan at an average price of $2.31.
- F3Reporting person sold these shares pursuant to a Rule 10b5-1 plan at an average price of $2.75.