SEC Form 3 · accession 0001437749-15-011803
Erin Energy Corp. · ERN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher J. Hearne
Officer — Chief Financial Officer
Period of report
Jun 1, 2015
Accepted (ET)
Jun 4, 2015 · 4:17 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 | holding | — | — | — | 29,167 | 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)F2 | $7.98 | holding | — | — | — | Jun 1, 2016 | Jun 1, 2020 | Common Stock | 133,334 | — | D |
Explanation of responses
- F1Common stock of Issuer granted to Reporting Person on June 1, 2015 pursuant to Issuer's 2009 Equity Incentive Plan and subject thereto. Grant of restricted stock subject to forfeiture. 50% of shares become vested on the one-year anniversary of Grant Date and 50% become vested on the two-year anniversary of Grant Date, for so long as the recipient of the stock remains an employee of, or consultant to, the Company and subject to the terms and conditions of the Restricted Stock Purchase Agreement.
- F2Options to purchase common stock of Issuer granted to Reporting Person pursuant to Issuer's 2009 Equity Incentive Plan and subject thereto. Vesting at the rate of 1/3 of the total shares on 06/01/2016 (44,444), 06/01/2017 (44,444) and 06/01/2018 (44,446).