0001402281-16-000149.txt : 20160819
0001402281-16-000149.hdr.sgml : 20160819
20160819174841
ACCESSION NUMBER: 0001402281-16-000149
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160817
FILED AS OF DATE: 20160819
DATE AS OF CHANGE: 20160819
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Erin Energy Corp.
CENTRAL INDEX KEY: 0001402281
STANDARD INDUSTRIAL CLASSIFICATION: DRILLING OIL & GAS WELLS [1381]
IRS NUMBER: 300349798
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1330 POST OAK BLVD
STREET 2: SUITE 2250
CITY: HOUSTON
STATE: TX
ZIP: 77056
BUSINESS PHONE: 713-797-2940
MAIL ADDRESS:
STREET 1: 1330 POST OAK BLVD
STREET 2: SUITE 2250
CITY: HOUSTON
STATE: TX
ZIP: 77056
FORMER COMPANY:
FORMER CONFORMED NAME: CAMAC Energy Inc.
DATE OF NAME CHANGE: 20100414
FORMER COMPANY:
FORMER CONFORMED NAME: Pacific Asia Petroleum Inc
DATE OF NAME CHANGE: 20070607
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Omidele Segun
CENTRAL INDEX KEY: 0001529417
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34525
FILM NUMBER: 161843885
MAIL ADDRESS:
STREET 1: 1330 POST OAK BLVD.
STREET 2: SUITE 2575
CITY: HOUSTON
STATE: TX
ZIP: 77056
4
1
wf-form4_147164330887138.xml
FORM 4
X0306
4
2016-08-17
0
0001402281
Erin Energy Corp.
ERN
0001529417
Omidele Segun
1330 POST OAK BLVD., SUITE 2250
HOUSTON
TX
77056
1
1
0
0
Chief Executive Officer
Common Stock
2016-08-17
4
M
0
70581
2.04
A
679329
D
Common Stock
2016-08-17
4
F
0
54334
2.6347
D
624995
D
Common Stock
2016-08-17
4
D
0
16247
2.6347
D
608748
D
Common Stock
2016-08-19
4
M
0
147057
2.04
A
755805
D
Common Stock
2016-08-19
4
F
0
111109
2.70
D
644696
D
Incentive Stock Option (Right to Buy)
2.04
2016-08-17
4
M
0
70581
0
D
2012-09-01
2016-09-01
Common Stock
70581.0
4264724
D
Incentive Stock Option (Right to Buy)
2.04
2016-08-19
4
M
0
147057
0
D
2012-09-01
2016-09-01
Common Stock
147057.0
4117667
D
Issued upon exercise of incentive stock options granted to Reporting Person under the Issuer's 2009 Equity Incentive Plan.
Corresponds to the exercise price of the stock option. Reporting person sold these shares at an average price of $2.6347.
Represents the number of shares sold by the Reporting Person to cover payment of the exercise cost and tax withholding obligations arising from the exercise, in connection with the exercise of an incentive stock option granted to Reporting person on September 1, 2011 pursuant to the Issuer's 2009 Equity Incentive Plan. This sale is made to satisfy payment of the exercise cost and tax withholding obligations funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
Reporting Person received 35,948 shares of the Issuer's Common Stock upon net share settlement of Reporting Person's exercise of options to purchase 147,057 shares of Issuer's Common Stock, with the remaining 111,109 shares being retained by the Issuer to pay the exercise cost arising from the exercise in connection with the net settlement of the incentive stock option and does not represent a sale by the Reporting Person.
/s/ Jean-Michel Malek, Attorney-In-Fact
2016-08-19