Form Type: 4/A

SEC EDGAR Link
Accession Number:0001683692-16-000011
Date:2016-09-19
Issuer: LILIS ENERGY, INC. (LLEX)
Original Submission Date:2016-09-21

Reporting Person:

SEAN O'SULLIVAN REVOCABLE LIVING TRUST
174 NASSAU STREET #3000
PRINCETON, NJ 08542

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2016-09-19 S 10,000 d $3.10 1,853,946 indirect f3
COMMON STOCK 2016-09-19 S 20,000 d $3.30 1,833,946 indirect f3
COMMON STOCK 2016-09-19 S 127,600 d $3.50 1,706,346 indirect f3
COMMON STOCK 2016-09-19 S 10,000 d $3.01 1,696,346 indirect f3
COMMON STOCK 2016-09-19 0 $0.00 195,650 f1 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
WARRANT 25.0 2016-09-19 deemed execution date 0 ( ) 2016-06-23 2018-06-23 common stock 200,000 $25.00 200,000 indirect see footnote 3
Footnotes
IDfootnote
f1 this represents shares of issuer common stock held by the reporting person sean o'sullivan revocable living trust. the natural person with ultimate voting control or investment control over the shares of common stock held by sean o'sullivan revocable living trust is sean o'sullivan.
f2 due to a clerical error, the reporting person is filling this amendment to correct the previously reported form 4 filed on september 21, 2016 that incorrectly reported the disposition of shares from the reporting person instead of from sosv investments llc. this amendment is being filed to correct that error.
f3 this represents shares of issuer common stock held by sosv investments llc f/k/a sosventures llc. the natural person with ultimate voting control or investment control over the shares of common stock held by sosv investments llc is sean o'sullivan, who is also the natural person with ultimate voting control or investment control over the reporting person.
f4 the reported price in column 4 is a weighted average price. these shares were sold in multiple transactions at prices ranging from $3.50 to $3.52 per share, inclusive. the reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the securities and exchange commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
f5 the exercise price is subject to downward adjustment if, prior to nine months after june 23, 2016, the issuer issues warrants in a capital raising transaction that entitle the holder to acquire common stock at a price per share that is less than $25.00
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