SEC Form 4 · accession 0001144204-18-005578

LILIS ENERGY, INC. · LLEX

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director

Period of report

Jan 31, 2018

Accepted (ET)

Feb 2, 2018 · 9:42 pm EST

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 Stock^F1	Jan 31, 2018	A	10,000	—	A	57,790	D
Common Stock^F2	Jan 31, 2018	A	13,954	—	A	71,744	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Option (Right to Buy)^F3,F4	$4.30	Jan 31, 2018	A	45,000	A	—	—	Common Stock	45,000	45,000	D

F1Represents restricted stock granted by the Issuer pursuant to the 2016 Omnibus Incentive Plan for Reporting Person's service on the Board of Directors. These shares vest over three years, with 34% vesting on the date of the first anniversary of the grant, 33% vesting on the second anniversary of the date of the grant and 33% vesting on the third anniversary of the date of the grant, subject to continued service through each vesting date.
F2Represents restricted stock granted by the Issuer the Reporting Person on January 31, 2018 for Reporting Person's service on the Board of Directors.
F3Represents options to purchase common stock granted by the Issuer pursuant to the 2016 Omnibus Incentive Plan for Reporting Person's service on the Board of Directors, which vest, and become exercisable, in four installments. 25,000 options which vest immediately and then in three equal installments on each of January 31, 2019, January 31, 2020, and January 31, 2021, subject to service through each vesting date.
F4This option to purchase common stock expires ten years from the date the options first vest and become exercisable.