SEC Form 4 · accession 0001144204-17-034205
LILIS ENERGY, INC. · LLEX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Abraham Mirman
Officer — Chief Executive Officer · Director
Period of report
Jun 24, 2017
Accepted (ET)
Jun 26, 2017 · 9:48 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 | Jun 24, 2017 | F | 53,942 | — | D | 2,440,099 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This 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 June 24, 2017 with respect to restricted shares that vested on June 24, 2017. The aggregate value of the common shares so withheld was based on the closing price of the common shares on the NYSE MKT on June 23, 2017 (the last trading day immediately prior to the vesting date), which was $5.01.