SEC Form 4 · accession 0001402281-16-000144
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 9, 2016
Accepted (ET)
Aug 10, 2016 · 6:48 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 9, 2016 | M | 595 | $2.04 | A | 609,343 | D | |
| Common Stock | Aug 9, 2016 | D | 595 | $2.38 | D | 608,748 | D | |
| Common StockF1,F2 | Aug 9, 2016 | M | 900 | $2.04 | A | 609,648 | D | |
| Common Stock | Aug 9, 2016 | D | 900 | $2.39 | D | 608,748 | D | |
| Common StockF1,F2 | Aug 9, 2016 | M | 5 | $2.04 | A | 608,753 | D | |
| Common Stock | Aug 9, 2016 | D | 5 | $2.40 | D | 608,748 | D | |
| Common StockF1,F2 | Aug 9, 2016 | M | 200 | $2.04 | A | 608,948 | D | |
| Common Stock | Aug 9, 2016 | D | 200 | $2.405 | D | 608,748 | D | |
| Common StockF1,F2 | Aug 9, 2016 | M | 2,707 | $2.04 | A | 611,455 | D | |
| Common Stock | Aug 9, 2016 | D | 2,707 | $2.41 | D | 608,748 | D | |
| Common StockF1,F2 | Aug 9, 2016 | M | 100 | $2.04 | A | 608,848 | D | |
| Common Stock | Aug 9, 2016 | D | 100 | $2.4101 | D | 608,748 | D | |
| Common Stock | Aug 9, 2016 | M | 100 | $2.04 | A | 608,848 | D | |
| Common Stock | Aug 9, 2016 | D | 100 | $2.42 | D | 608,748 | D | |
| Common Stock | Aug 9, 2016 | M | 3,000 | $2.04 | A | 611,748 | D | |
| Common Stock | Aug 9, 2016 | D | 3,000 | $2.43 | D | 608,748 | D | |
| Common Stock | Aug 9, 2016 | M | 200 | $2.04 | A | 608,948 | D | |
| Common Stock | Aug 9, 2016 | D | 200 | $2.4301 | D | 608,748 | D | |
| Common Stock | Aug 9, 2016 | M | 93 | $2.04 | A | 608,841 | D | |
| Common Stock | Aug 9, 2016 | D | 93 | $2.435 | D | 608,748 | D | |
| Common Stock | Aug 9, 2016 | M | 400 | $2.04 | A | 609,148 | D | |
| Common Stock | Aug 9, 2016 | D | 400 | $2.44 | D | 608,748 | D | |
| Common Stock | Aug 9, 2016 | M | 1,600 | $2.04 | A | 610,348 | D | |
| Common Stock | Aug 9, 2016 | D | 1,600 | $2.45 | D | 608,748 | D | |
| Common Stock | Aug 9, 2016 | M | 100 | $2.04 | A | 608,848 | D | |
| Common Stock | Aug 9, 2016 | D | 100 | $2.46 | 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 9, 2016 | M | 10,000 | D | Sep 1, 2012 | Sep 1, 2016 | Common Stock | 10,000 | 4,345,305 | 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.