SEC Form 4 · accession 0001402281-16-000151
Erin Energy Corp. · ERN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel Ogbonna
Officer — SVP & CFO
Period of report
Sep 10, 2016
Accepted (ET)
Sep 14, 2016 · 6:37 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 | Sep 10, 2016 | F | 6,162 | $2.29 | D | 225,059 | 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 September 10, 2016 vesting of Restricted Common Stock granted to Reporting Person on September 10, 2015 pursuant to Issuer's 2009 Equity Incentive Plan and subject thereto. This sale was 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 at an average price of $2.29.