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Filing Details

Accession Number:: 0001683692-16-000005
Form Type:: 4/A
Zero Holdings:: No
Publication Time:: 2016-09-02 15:37:07
Reporting Period:: 2016-06-23

Filing Date:: 2016-09-02
Accepted Time:: 2016-09-02 15:37:07
Original Submission Date:: 2016-09-02
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1437557	Lilis Energy Inc.	LLEX	Crude Petroleum & Natural Gas (1311)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1683692	Trust Living Revocable O'sullivan Sean	174 Nassau Street #3000 Princeton NJ 08542		No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2016-06-23	242,172	$0.00	242,172	No	4	J	Direct
Common Stock	Acquisiton	2016-06-23	1,863,946	$0.00	2,106,118	No	4	J	Indirect	See Footnotes 2,3,4
Common Stock	Disposition	2016-08-30	5,000	$3.00	2,101,118	No	4	S	Indirect	See Footnotes 2,3,6
Common Stock	Disposition	2016-08-30	15,526	$3.00	2,085,582	No	4	S	Indirect	See Footnotes 2,3,7
Common Stock	Disposition	2016-08-30	19,596	$3.10	2,065,996	No	4	S	Indirect	See Footnotes 2,3,8

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	J	Direct
No	4	J	Indirect	See Footnotes 2,3,4
No	4	S	Indirect	See Footnotes 2,3,6
No	4	S	Indirect	See Footnotes 2,3,7
No	4	S	Indirect	See Footnotes 2,3,8

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Warrant	Acquisiton	2016-06-23	200,000	$25.00	200,000	$25.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
200,000	2016-06-23	2018-06-23	No	4	J	Indirect

Footnotes

On June 23, 2016, pursuant to an Agreement and Plan of Merger, dated December 29, 2015 (the "Merger Agreement"), as amended on January 20, 2016, March 24, 2016 and June 22, 2016,by and among Lilis Energy, Inc. ("Issuer"), Lilis Merger Sub, Inc., a wholly owned subsidiary of Issuer ("Merger Sub"), and Brushy Resources, Inc. ("Brushy"), Merger sub merged with and into Brushy with Brushy continuing as the surviving entity and a wholly owned subsidiary of the Issuer (the "Merger"). As result of the Merger, the shares of Brushy common stock were exchanged for shares of Issuer common stock at a ratio of 0.4550916 shares of Issuer common stock for every one share of Brushy common stock. This represents shares of Brushy common stock that were exchanged for shares of Issuer common stock in connection with the Merger.
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.
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.
This represents 242,172 share of Issuer common stock held by the reporting person and 1,863,946 shares of Issuer common stock held by SOSV Investments LLC f/k/a SOSVentures LLC.
The common stock shares were sold by the reporting person.
This represents 237,172 share of Issuer common stock held by the reporting person and 1,863,946 shares of Issuer common stock held by SOSV Investments LLC f/k/a SOSVentures LLC.
This represents 221,646 share of Issuer common stock held by the reporting person and 1,863,946 shares of Issuer common stock held by SOSV Investments LLC f/k/a SOSVentures LLC.
This represents 202,050 share of Issuer common stock held by the reporting person and 1,863,946 shares of Issuer common stock held by SOSV Investments LLC f/k/a SOSVentures LLC.
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.