SEC Form 4 · accession 0001489494-16-000008
Erin Energy Corp. · ERN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kase Lukman Lawal
Officer — Chairman & CEO · Director · 10% Owner
Period of report
Dec 31, 2015
Accepted (ET)
Jan 12, 2016 · 4:46 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 | Dec 31, 2015 | A | 31,250 | $0.00 | A | 2,113,861 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Common stock of Issuer granted to Reporting Person on December 31, 2015 pursuant to Issuer's 2009 Equity Incentive Plan in lieu of Reporting Person's cash salary for fourth quarter 2015. 100% of the shares become vested and nonforfeitable on the date of Grant and are subject to the terms and conditions of the Restricted Stock Purchase Agreement.
- F2The price per share is $0. The grant was valued at $3.20 per share.