SEC Form 4 · accession 0001213900-15-002930
LILIS ENERGY, INC. · LLEX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald D Ormand
Director
Period of report
Apr 20, 2015
Accepted (ET)
Apr 22, 2015 · 7:17 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 | Apr 20, 2015 | A | 100,000 | $0.00 | A | 100,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F1,F2,F3 | $1.65 | Apr 20, 2015 | A | 450,000 | A | — | — | Common Stock | 450,000 | 450,000 | D |
Explanation of responses
- F1Granted by Issuer in connection with Reporting Person's compensation under the non-employee director award agreements between the Issuer and Reporting Person, dated April 20, 2015. The shares vest in three equal installments on each of April 20, 2016, April 20, 2017 and April 20, 2018.
- F2This option to purchase common stock vests, and becomes exercisable, in four installments. 250,000 options which vest immediately and then in three equal installments on each of April 20, 2016, April 20, 2017 and April 20, 2018.
- F3This option to purchase common stock expires on the tenth anniversary of the grant date.