SEC Form 4 · accession 0001144204-17-036741
LILIS ENERGY, INC. · LLEX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald D Ormand
Officer — Executive Chairman · Director
Period of report
Jun 19, 2017
Accepted (ET)
Jul 13, 2017 · 6:01 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 19, 2017 | G | 5,000 | — | D | 3,673,086 | D | |
| Common StockF2 | Jul 7, 2017 | F | 120,833 | — | D | 3,552,253 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This reported transaction was a gift from the Reporting Person to a charity or charitable foundation.
- 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 July 7, 2017 with respect to restricted shares that vested on July 7, 2017. The amount of shares that vested on July 7, 2017 was 420,833 and the Reporting Person retained 300,000 shares. The aggregate value of the common shares so withheld was based on the closing price of the common shares on the NYSE MKT on July 7, 2017, which was $4.80.