SEC Form 4 · accession 0001144204-18-035222
LILIS ENERGY, INC. · LLEX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nuno Brandolini
Director
Period of report
May 18, 2018
Accepted (ET)
Jun 22, 2018 · 6:03 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 Stock | May 18, 2018 | X | 60,000 | $2.50 | A | 609,445 | D | |
| Common Stock | May 18, 2018 | F | 33,860 | $4.43 | D | 575,585 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrants (Right to Buy) | $2.50 | May 18, 2018 | X | 60,000 | D | Jan 5, 2016 | May 18, 2018 | Common Stock | 60,000 | 0 | D |
Explanation of responses
- F1On May, 18, 2018, the reporting person provided notice of exercise of his warrant to purchase 60,000 shares of LLEX common stock for $2.50 a share on a cashless basis. Issuer executed the transaction on May 18, 2018 based on May 17, 2018 stock prices resulting in LLEX withholding 33,860 shares to pay the exercise price.