SEC Form 4 · accession 0001402281-16-000131
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 · 6:57 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 | 100 | $2.04 | A | 608,848 | D | |
| Common Stock | Aug 1, 2016 | D | 100 | $2.53 | D | 608,748 | D | |
| Common StockF1,F2 | Aug 2, 2016 | M | 10,000 | $2.04 | A | 618,748 | D | |
| Common Stock | Aug 2, 2016 | D | 10,000 | $2.32 | 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 | 100 | D | Sep 1, 2012 | Sep 1, 2016 | Common Stock | 100 | 4,405,305 | D |
| Incentive Stock Option (Right to Buy) | $2.04 | Aug 2, 2016 | M | 10,000 | D | Sep 1, 2012 | Sep 1, 2016 | Common Stock | 10,000 | 4,395,305 | 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.