SEC Form 4 · accession 0001213900-15-003129
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
Mar 30, 2015
Accepted (ET)
Apr 29, 2015 · 7:11 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001437557
Table I — non-derivative securities
No Table I lines on this filing.
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 | $0.90 | Mar 30, 2015 | A | 2,000,000 | A | — | — | Common Stock | 2,000,000 | 2,000,000 | D |
Explanation of responses
- F1Granted by Issuer in connection with Reporting Person's compensation under the Employment Agreement between the Issuer and Reporting Person, dated March 30, 2015.
- F2This option to purchase common stock vests, and becomes exercisable, in three equal installments on each of March 30, 2015, March 30, 2016 and March 30, 2017.
- F3This option to purchase common stock expires on March 30, 2025.
Remarks
EXHIBITS: Exhibit 24.1 - Power of Attorney