SEC Form 4 · accession 0001402281-16-000135
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 3, 2016
Accepted (ET)
Aug 5, 2016 · 6:58 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 3, 2016 | M | 2,600 | $2.04 | A | 611,348 | D | |
| Common Stock | Aug 3, 2016 | D | 2,600 | $2.36 | D | 608,748 | D | |
| Common StockF1,F2 | Aug 3, 2016 | M | 1,100 | $2.04 | A | 609,848 | D | |
| Common Stock | Aug 3, 2016 | D | 1,100 | $2.37 | D | 608,748 | D | |
| Common StockF1,F2 | Aug 3, 2016 | M | 2,398 | $2.04 | A | 611,146 | D | |
| Common Stock | Aug 3, 2016 | D | 2,398 | $2.38 | D | 608,748 | D | |
| Common StockF1,F2 | Aug 3, 2016 | M | 3,700 | $2.04 | A | 612,448 | D | |
| Common Stock | Aug 3, 2016 | D | 3,700 | $2.39 | D | 608,748 | D | |
| Common StockF1,F2 | Aug 3, 2016 | M | 2 | $2.04 | A | 608,750 | D | |
| Common Stock | Aug 3, 2016 | D | 2 | $2.41 | D | 608,748 | D | |
| Common StockF1,F2 | Aug 3, 2016 | M | 200 | $2.04 | A | 608,948 | D | |
| Common Stock | Aug 3, 2016 | D | 200 | $2.46 | D | 608,748 | D | |
| Common StockF1,F2 | Aug 4, 2016 | M | 500 | $2.04 | A | 609,248 | D | |
| Common Stock | Aug 4, 2016 | D | 500 | $2.35 | D | 608,748 | D | |
| Common StockF1,F2 | Aug 4, 2016 | M | 4,400 | $2.04 | A | 613,148 | D | |
| Common Stock | Aug 4, 2016 | D | 4,400 | $2.36 | D | 608,748 | D | |
| Common StockF1,F2 | Aug 4, 2016 | M | 700 | $2.04 | A | 609,448 | D | |
| Common Stock | Aug 4, 2016 | D | 700 | $2.37 | D | 608,748 | D | |
| Common StockF1,F2 | Aug 4, 2016 | M | 3,100 | $2.04 | A | 611,848 | D | |
| Common Stock | Aug 4, 2016 | D | 3,100 | $2.38 | D | 608,748 | D | |
| Common StockF1,F2 | Aug 4, 2016 | M | 600 | $2.04 | A | 609,348 | D | |
| Common Stock | Aug 4, 2016 | D | 600 | $2.39 | D | 608,748 | D | |
| Common StockF1,F2 | Aug 4, 2016 | M | 100 | $2.04 | A | 608,848 | D | |
| Common Stock | Aug 4, 2016 | D | 100 | $2.43 | D | 608,748 | D | |
| Common StockF1,F2 | Aug 4, 2016 | M | 600 | $2.04 | A | 609,348 | D | |
| Common Stock | Aug 4, 2016 | D | 600 | $2.44 | 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 3, 2016 | M | 10,000 | D | Sep 1, 2012 | Sep 1, 2016 | Common Stock | 10,000 | 4,385,305 | D |
| Incentive Stock Option (Right to Buy) | $2.04 | Aug 4, 2016 | M | 10,000 | D | Sep 1, 2012 | Sep 1, 2016 | Common Stock | 10,000 | 4,375,305 | 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.