SEC Form 4 · accession 0001628280-18-009188
LILIS ENERGY, INC. · LLEX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald D Ormand
Officer — Executive Chairman of Board · Director
Period of report
Jul 7, 2018
Accepted (ET)
Jul 10, 2018 · 7:10 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, 2018 | F | 81,159 | $5.43 | D | 4,249,188 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These shares were withheld upon vesting of restricted shares in order to enable the reporting person to satisfy tax withholding obligations that arose upon such vesting, which will be paid by issuer to the appropriate taxing authority in cash.
- F2Of the securities referenced in Column 5, 2,706,792 shares of common stock are held by Perugia Investments L.P., 1,502,396 shares of common stock are held directly by Mr. Ormand, and 40,000 shares of common stock are held by the Bruin Trust, an irrevocable trust managed by Jerry Ormand, Mr. Ormand's brother, as trustee and whose beneficiaries include the adult children of Mr. Ormand.