SEC Form 4 · accession 0000785968-16-000100

MILLER ENERGY RESOURCES, INC. · MILL

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Scott M Boruff

Officer — Executive Chairman · Director · 10% Owner

Period of report

Mar 29, 2016

Accepted (ET)

Apr 1, 2016 · 10:08 am EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000785968

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1,F2,F3,F4	Mar 29, 2016	J	2,869,728	$0.00	D	0	D
Common Stock^F4	Mar 29, 2016	J	8,000	$0.00	D	0	I	Children

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	D/I
OPTION^F4	$6.00	Mar 29, 2016	J	625,000	D	Dec 23, 2011	Dec 23, 2015	Common Stock	625,000	D
OPTION^F4	$6.00	Mar 29, 2016	J	1,250,000	D	Dec 23, 2012	Dec 23, 2015	Common Stock	1,250,000	D
OPTION^F4	$6.00	Mar 29, 2016	J	1,875,000	D	Dec 23, 2013	Dec 23, 2015	Common Stock	1,875,000	D
OPTION^F4	$6.00	Mar 29, 2016	J	2,500,000	D	Dec 23, 2014	Dec 23, 2015	Common Stock	2,500,000	D
OPTION^F4	$5.89	Mar 29, 2016	J	83,333	D	May 27, 2012	May 27, 2021	Common Stock	83,333	D
OPTION^F4	$5.89	Mar 29, 2016	J	83,333	D	May 27, 2013	May 27, 2021	Common Stock	83,333	D
OPTION^F4	$5.89	Mar 29, 2016	J	83,334	D	May 27, 2014	May 27, 2021	Common Stock	83,334	D

Explanation of responses

F1This restricted stock grant was made pursuant to Mr. Boruff's Employment Agreement, which is effective as of the end of our fiscal year, at April 30, 2012. Certain financial measurements are required to be calculated before Mr. Boruff's award can be determined; therefore, the actual date of determination was July 3, 2012. These shares vest over four years in equal installments of 25,000 shares beginning on 4/30/2013 through 04/30/2017.
F2This restricted stock grant was made in lieu of a portion of Mr. Boruff's incentive cash bonus for fiscal 2012.
F3These shares were awarded in accordance with Mr. Boruff's employment agreement and are the final one-fourth of his 250,000 share restricted stock grant made on August 1, 2008. These shares vested on August 1, 2012.
F4Pursuant to the Issuer's Plan of Reorganization Pursuant to Chapter 11 of the Bankruptcy Code, which was confirmed by the United States Bankruptcy Court for the District of Alaska and became effective on March 29, 2016 (the "Plan"), all equity interests in the Issuer (including common stock and preferred stock, and derivative securities with respect thereto) that were outstanding prior to effectiveness were cancelled.

Remarks

This report is being filed to report the cancellation of the reporting person's Common Stock and other derivative securities in accordance with the Plan.