SEC Form 4 · accession 0001437749-15-013810
Erin Energy Corp. · ERN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Adama Traore
Officer — VP, Ctrlr & Chief Acct Ofcr
Period of report
May 27, 2015
Accepted (ET)
Jul 21, 2015 · 1:07 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,F3 | May 27, 2015 | A | 4,500 | — | A | 53,839 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Common stock of Issuer granted to Reporting Person on May 27, 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.
- F2The price per share is $0. The grant was valued at $7.82 per share.
- F3The aggregate total is adjusted to reflect a six-to-one reverse stock split of the Company's common stock which became effective on April 22, 2015.