SEC Form 4 · accession 0001213900-16-014873
LILIS ENERGY, INC. · LLEX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald D Ormand
Officer — Executive Chairman · Director · 10% Owner
Period of report
Jul 7, 2016
Accepted (ET)
Jul 11, 2016 · 7:39 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 StockF1,F2 | Jul 7, 2016 | A | 1,250,000 | $0.00 | A | 2,495,752 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Granted by the Issuer pursuant to the 2016 Omnibus Incentive Plan. The shares vest over two years, with 34% vesting on the date of the grant, 33% vesting on the first anniversary of the date of the grant and 33% vesting on the second anniversary of the date of the grant, subject to continued service through each vesting date.
- F2The Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, the reporting person is the beneficial owners of any securities reported herein.