SEC Form 4 · accession 0001402281-16-000130
Erin Energy Corp. · ERN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Segun Omidele
Officer — Chief Executive Officer · Director
Period of report
Aug 1, 2016
Accepted (ET)
Aug 3, 2016 · 6:55 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 | Aug 1, 2016 | M | 500 | $2.04 | A | 609,248 | D | |
| Common Stock | Aug 1, 2016 | D | 500 | $2.37 | D | 608,748 | D | |
| Common StockF1,F2 | Aug 1, 2016 | M | 100 | $2.04 | A | 608,848 | D | |
| Common Stock | Aug 1, 2016 | D | 100 | $2.38 | D | 608,748 | D | |
| Common StockF1,F2 | Aug 1, 2016 | M | 1,300 | $2.04 | A | 610,048 | D | |
| Common Stock | Aug 1, 2016 | D | 1,300 | $2.40 | D | 608,748 | D | |
| Common StockF1,F2 | Aug 1, 2016 | M | 300 | $2.04 | A | 609,048 | D | |
| Common Stock | Aug 1, 2016 | D | 300 | $2.41 | D | 608,748 | D | |
| Common StockF1,F2 | Aug 1, 2016 | M | 200 | $2.04 | A | 608,948 | D | |
| Common Stock | Aug 1, 2016 | D | 200 | $2.42 | D | 608,748 | D | |
| Common StockF1,F2 | Aug 1, 2016 | M | 1,000 | $2.04 | A | 609,748 | D | |
| Common Stock | Aug 1, 2016 | D | 1,000 | $2.43 | D | 608,748 | D | |
| Common StockF1,F2 | Aug 1, 2016 | M | 1,303 | $2.04 | A | 610,051 | D | |
| Common Stock | Aug 1, 2016 | D | 1,303 | $2.44 | D | 608,748 | D | |
| Common StockF1,F2 | Aug 1, 2016 | M | 600 | $2.04 | A | 609,348 | D | |
| Common Stock | Aug 1, 2016 | D | 600 | $2.45 | D | 608,748 | D | |
| Common StockF1,F2 | Aug 1, 2016 | M | 1,018 | $2.04 | A | 609,766 | D | |
| Common Stock | Aug 1, 2016 | D | 1,018 | $2.46 | D | 608,748 | D | |
| Common StockF1,F2 | Aug 1, 2016 | M | 1,479 | $2.04 | A | 610,227 | D | |
| Common Stock | Aug 1, 2016 | D | 1,479 | $2.47 | D | 608,748 | D | |
| Common StockF1,F2 | Aug 1, 2016 | M | 200 | $2.04 | A | 608,948 | D | |
| Common Stock | Aug 1, 2016 | D | 200 | $2.4801 | D | 608,748 | D | |
| Common StockF1,F2 | Aug 1, 2016 | M | 900 | $2.04 | A | 609,648 | D | |
| Common Stock | Aug 1, 2016 | D | 900 | $2.49 | D | 608,748 | D | |
| Common StockF1,F2 | Aug 1, 2016 | M | 800 | $2.04 | A | 609,548 | D | |
| Common Stock | Aug 1, 2016 | D | 800 | $2.50 | D | 608,748 | D | |
| Common StockF1,F2 | Aug 1, 2016 | M | 10 | $2.04 | A | 608,758 | D | |
| Common Stock | Aug 1, 2016 | D | 10 | $2.51 | D | 608,748 | D | |
| Common StockF1,F2 | Aug 1, 2016 | M | 190 | $2.04 | A | 608,938 | D | |
| Common Stock | Aug 1, 2016 | D | 190 | $2.52 | D | 608,748 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Incentive Stock Option (Right to Buy) | $2.04 | Aug 1, 2016 | M | 9,900 | D | Sep 1, 2012 | Sep 1, 2016 | Common Stock | 9,900 | 4,405,405 | D |
Explanation of responses
- F1Issued upon exercise of incentive stock options granted to Reporting Person under the Issuer's 2009 Equity Incentive Plan.
- F2Corresponds to the exercise price of the stock option. Reporting person sold these shares pursuant to a Rule 10b5-1 Plan.