SEC Form 4 · accession 0001144204-16-112328
LILIS ENERGY, INC. · LLEX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Peter Benz
Director
Period of report
Jul 7, 2016
Accepted (ET)
Jul 11, 2016 · 6:18 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001437557
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jul 7, 2016 | A | 50,000 | — | A | 1,085,234 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents restricted stock granted by the Issuer pursuant to the 2016 Omnibus Incentive Plan. These shares vest over two years, with 34% vesting on the date of the grant, 33% vesting on the first anniversary of the date of the grant and 33% vesting on the second anniversary of the date of the grant, subject to continued service through each vesting date.
- F2This represents shares of Issuer common stock held by (i) LMIF Investments, LLC ("LMIF"), Longview Marquis Master Fund, L.P. ("Longview") and SMF Investments, LLC ("SMF"). The natural persons with ultimate voting or investment control over the shares of common stock held by LMIF, Longview and SMF are the reporting person, S. Michael Rudolph and Merrick Okamoto. As a result, the reporting person may be deemed to have voting or investment control over these shares. The reporting person disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, the reporting person is the beneficial owners of any securities reported herein.