SEC Form 4 · accession 0001437749-15-003136
Erin Energy Corp. · ERN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Heidi Wong
Officer — SVP and CAO
Period of report
Feb 17, 2015
Accepted (ET)
Feb 20, 2015 · 5:31 pm EST
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 | Feb 17, 2015 | A | 395,570 | — | A | 1,815,399 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Restricted common stock of Issuer granted to Reporting Person on February 17, 2015 pursuant to Issuer's 2009 Equity Incentive Plan and subject thereto. Vesting occurs on the three-year anniversary of the grant date, based on the relative Total Shareholder Return ("TSR") of the Issuer as compared to the TSR of each of the companies in the Issuer's peer group over the three-year period beginning on the grant date, and subject to the Reporting Person's continuous employment through the vesting date and the terms and conditions of the Restricted Stock Purchase Agreement. Shares reported represent the target shares, and actual vesting could be anywhere from 0 to 150% of the number of shares initially granted, with any unvested shares subject to forfeiture.
- F2The price per share is $0. The grant was valued at $0.395 per share.