SEC Form 4 · accession 0001144204-17-024941
LILIS ENERGY, INC. · LLEX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph C Daches
Officer — Chief Financial Officer
Period of report
May 5, 2017
Accepted (ET)
May 5, 2017 · 8:18 pm 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 | May 5, 2017 | A | 235,000 | — | A | 280,000 | D | |
| Common StockF2 | May 5, 2017 | F | 64,273 | — | D | 215,727 | 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. This restricted stock award vests immediately upon the grant date.
- F2This forfeiture was undertaken solely to satisfy tax withholding liabilities relating to the vesting of restricted share awards held by the Reporting Person. The Reporting Person made the withholding election on May 5, 2017 with respect to restricted shares that vested on May 5, 2017. The aggregate value of the common shares so withheld was based on the closing price of the common shares on the NASDAQ Capital Market on the vesting date, which was $4.26.