SEC Form 4/A · accession 0001213900-16-017371
LILIS ENERGY, INC. · LLEX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Peter Benz
Director
Period of report
Jul 7, 2016
Accepted (ET)
Oct 7, 2016 · 4:02 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,F2 | Jul 7, 2016 | A | 50,000 | — | A | 50,000 | D | |
| Common StockF2,F3 | Jul 25, 2016 | A | 10,000 | — | A | 60,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents restricted stock granted by the Issuer to the Reporting Person on July 7, 2016 for Reporting Person's service on the board of directors.
- F2The filing of Form 4 to correct the disclosure contained in the Form 4 filed on July 26, 2016. The Reporting Person disclaims beneficial ownership of any Issuer shares of Common Stock held by LMIF Investment LLC, ("LMIF"), Longview Marquis Master Fund LP ("Longview"), and SMF Investments LLC ("SMF"). The natural person with ultimate voting or investment control over the shares of Common Stock held by each of LMIF, Longview and SMIF is Merrick Okamoto. The Reporting Person disclaims beneficial ownership of such shares of Common Stock.
- F3Represents restricted stock granted by the Issuer pursuant to the 2016 Omnibus Incentive Plan. 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.