0000899243-18-002704.txt : 20180202 0000899243-18-002704.hdr.sgml : 20180202 20180202183840 ACCESSION NUMBER: 0000899243-18-002704 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20180131 FILED AS OF DATE: 20180202 DATE AS OF CHANGE: 20180202 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Hicks George G CENTRAL INDEX KEY: 0001706059 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35330 FILM NUMBER: 18572336 MAIL ADDRESS: STREET 1: 901 MARQUETTE AVENUE SOUTH STREET 2: SUITE 3300 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Varde Fund VI-A, L.P. CENTRAL INDEX KEY: 0001704987 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35330 FILM NUMBER: 18572327 BUSINESS ADDRESS: STREET 1: 901 MARQUETTE AVENUE SOUTH STREET 2: SUITE 3300 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 BUSINESS PHONE: 952-374-6998 MAIL ADDRESS: STREET 1: 901 MARQUETTE AVENUE SOUTH STREET 2: SUITE 3300 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Varde Fund XI (Master), L.P. CENTRAL INDEX KEY: 0001704962 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35330 FILM NUMBER: 18572335 BUSINESS ADDRESS: STREET 1: 901 MARQUETTE AVENUE SOUTH STREET 2: SUITE 3300 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 BUSINESS PHONE: 952-374-6998 MAIL ADDRESS: STREET 1: 901 MARQUETTE AVENUE SOUTH STREET 2: SUITE 3300 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Varde Skyway fund G.P., LLC CENTRAL INDEX KEY: 0001704964 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35330 FILM NUMBER: 18572329 BUSINESS ADDRESS: STREET 1: 901 MARQUETTE AVENUE SOUTH STREET 2: SUITE 3300 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 BUSINESS PHONE: 952-374-6998 MAIL ADDRESS: STREET 1: 901 MARQUETTE AVENUE SOUTH STREET 2: SUITE 3300 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Varde Fund XII G.P., L.P. CENTRAL INDEX KEY: 0001704881 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35330 FILM NUMBER: 18572332 BUSINESS ADDRESS: STREET 1: 901 MARQUETTE AVENUE SOUTH STREET 2: SUITE 3300 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 BUSINESS PHONE: 952-374-6998 MAIL ADDRESS: STREET 1: 901 MARQUETTE AVENUE SOUTH STREET 2: SUITE 3300 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Varde Fund XII (Master), L.P. CENTRAL INDEX KEY: 0001704882 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35330 FILM NUMBER: 18572333 BUSINESS ADDRESS: STREET 1: 901 MARQUETTE AVENUE SOUTH STREET 2: SUITE 3300 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 BUSINESS PHONE: 952-374-6998 MAIL ADDRESS: STREET 1: 901 MARQUETTE AVENUE SOUTH STREET 2: SUITE 3300 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Varde Fund XII UGP, LLC CENTRAL INDEX KEY: 0001704967 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35330 FILM NUMBER: 18572331 BUSINESS ADDRESS: STREET 1: 901 MARQUETTE AVENUE SOUTH STREET 2: SUITE 3300 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 BUSINESS PHONE: 952-374-6998 MAIL ADDRESS: STREET 1: 901 MARQUETTE AVENUE SOUTH STREET 2: SUITE 3300 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Varde Fund XI G.P., LLC CENTRAL INDEX KEY: 0001704880 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35330 FILM NUMBER: 18572334 BUSINESS ADDRESS: STREET 1: 901 MARQUETTE AVENUE SOUTH STREET 2: SUITE 3300 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 BUSINESS PHONE: 952-374-6998 MAIL ADDRESS: STREET 1: 901 MARQUETTE AVENUE SOUTH STREET 2: SUITE 3300 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Varde Investment Partners (Offshore) Master, L.P. CENTRAL INDEX KEY: 0001705023 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35330 FILM NUMBER: 18572328 BUSINESS ADDRESS: STREET 1: 901 MARQUETTE AVENUE SOUTH STREET 2: SUITE 3300 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 BUSINESS PHONE: 952-374-6998 MAIL ADDRESS: STREET 1: 901 MARQUETTE AVENUE SOUTH STREET 2: SUITE 3300 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Varde Skyway Master Fund, L.P. CENTRAL INDEX KEY: 0001704946 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35330 FILM NUMBER: 18572330 BUSINESS ADDRESS: STREET 1: 901 MARQUETTE AVENUE SOUTH STREET 2: SUITE 3300 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 BUSINESS PHONE: 952-374-6998 MAIL ADDRESS: STREET 1: 901 MARQUETTE AVENUE SOUTH STREET 2: SUITE 3300 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: LILIS ENERGY, INC. CENTRAL INDEX KEY: 0001437557 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 000000000 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 300 E. SONTERRA BLVD. STREET 2: SUITE NO. 1220 CITY: SAN ANTONIO STATE: TX ZIP: 78258 BUSINESS PHONE: (210) 999-5400 MAIL ADDRESS: STREET 1: 300 E. SONTERRA BLVD. STREET 2: SUITE NO. 1220 CITY: SAN ANTONIO STATE: TX ZIP: 78258 FORMER COMPANY: FORMER CONFORMED NAME: RECOVERY ENERGY, INC. DATE OF NAME CHANGE: 20091104 FORMER COMPANY: FORMER CONFORMED NAME: UNIVERSAL HOLDINGS INC DATE OF NAME CHANGE: 20080612 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2018-01-31 0 0001437557 LILIS ENERGY, INC. LLEX 0001706059 Hicks George G 901 MARQUETTE AVE. S., SUITE 3300 MINNEAPOLIS MN 055402 0 0 1 0 0001704962 Varde Fund XI (Master), L.P. 901 MARQUETTE AVE. S., SUITE 3300 MINNEAPOLIS MN 055402 0 0 1 0 0001704880 Varde Fund XI G.P., LLC 901 MARQUETTE AVE. S., SUITE 3300 MINNEAPOLIS MN 055402 0 0 1 0 0001704882 Varde Fund XII (Master), L.P. 901 MARQUETTE AVE. S., SUITE 3300 MINNEAPOLIS MN 055402 0 0 1 0 0001704881 Varde Fund XII G.P., L.P. 901 MARQUETTE AVE. S., SUITE 3300 MINNEAPOLIS MN 055402 0 0 1 0 0001704967 Varde Fund XII UGP, LLC 901 MARQUETTE AVE. S., SUITE 3300 MINNEAPOLIS MN 055402 0 0 1 0 0001704946 Varde Skyway Master Fund, L.P. 901 MARQUETTE AVE. S., SUITE 3300 MINNEAPOLIS MN 055402 0 0 1 0 0001704964 Varde Skyway fund G.P., LLC 901 MARQUETTE AVE. S., SUITE 3300 MINNEAPOLIS MN 055402 0 0 1 0 0001705023 Varde Investment Partners (Offshore) Master, L.P. 901 MARQUETTE AVE. S., SUITE 3300 MINNEAPOLIS MN 055402 0 0 1 0 0001704987 Varde Fund VI-A, L.P. 901 MARQUETTE AVE. S., SUITE 3300 MINNEAPOLIS MN 055402 0 0 1 0 Series C Convertible Paricipating Preferred Stock 6.15 2018-01-31 4 P 0 41600 1000.00 A 2018-01-31 Common Stock, $0.001 par value 8117073 18134353 I See footnotes Series C Convertible Paricipating Preferred Stock 6.15 2018-01-31 4 P 0 29600 1000.00 A 2018-01-31 Common Stock, $0.001 par value 5775610 12903290 I See footnotes Series C Convertible Paricipating Preferred Stock 6.15 2018-01-31 4 P 0 13000 1000.00 A 2018-01-31 Common Stock, $0.001 par value 2536585 5666985 I See footnotes Series C Convertible Paricipating Preferred Stock 6.15 2018-01-31 4 P 0 6000 1000.00 A 2018-01-31 Common Stock, $0.001 par value 1170731 2615531.76 I See footnotes Series C Convertible Paricipating Preferred Stock 6.15 2018-01-31 4 P 0 3000 1000.00 A 2018-01-31 Common Stock, $0.001 par value 585365 1307765.88 I See footnotes Series C Convertible Paricipating Preferred Stock 6.15 2018-01-31 4 P 0 6800 1000.00 A 2018-01-31 Common Stock, $0.001 par value 1326829 2964269.33 I See footnotes On January 30, 2018, the Issuer and The Varde Fund XI (Master), L.P. ("Fund XI"), The Varde Fund XII (Master), L.P. ("Fund XII"), The Varde Skyway Master Fund, L.P. ("Skyway Fund"), Varde Investment Partners (Offshore) Master, L.P. ("VIPO"), The Varde Fund VI-A, L.P. ("Fund VI-A") and Varde Investment Partners, L.P. ("VIP") (collectively, the "Purchasers") entered into a Securities Purchase Agreement (the "Securities Purchase Agreement"), pursuant to which on January 31, 2018 (the "Closing Date") the Purchasers purchased 100,000 shares of Series C Preferred Stock, from the Issuer in a private placement. The Series C Preferred Stock is perpetual and has no expiration date. The amount reported reflects the amount of shares of Common Stock issuable upon conversion of the Series C Preferred Stock. Reflects securities held directly by Fund XI. The Varde Fund XI G.P., LLC ("Fund XI GP") is the general partner of Fund XI. Reflects securities held directly by Fund XII. The Varde Fund XII G.P., L.P. ("Fund XII GP") is the general partner of Fund XII, and The Varde Fund XII UGP, LLC ("Fund XII UGP") is the general partner of Fund XII GP. Reflects securities held directly by Skyway Fund. The Varde Skyway Fund G.P., LLC ("Skyway Fund GP") is the general partner of Skyway Fund. Reflects securities held directly by VIPO. Varde Investment Partners G.P., LLC ("VIP GP") is the general partner of VIP Offshore. Reflects securities held directly by The Fund VI-A. VIP GP is the general partner of Fund VI-A. Reflects securities held directly by VIP. VIP GP is the general partner of Fund VIP. Varde Partners, L.P. ("Managing Member") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. ("General Partner") is the general partner of the Managing Member. Following the transaction described above, George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Series C Preferred Stock because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities. Due to limitations of the electronic filing system, certain Reporting Persons are filing a separate Form 4. Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose. GEORGE G. HICKS, By: , Name: George G. Hicks 2018-02-02 THE VARDE FUND XI (Master), L.P., By: Varde Partners, L.P., Its Managing Member, By: Varde Partners, Inc., Its General Partner, By: , Name: David A. Marple, Title: General Counsel 2018-02-02 THE VARDE FUND XI G.P., LLC, By: Vade Partners, L.P., Its Managing Member, By: Vade Partners, Inc., Its General Partner, By: , Name: David A. Marple, Title: General Counsel 2018-02-02 THE VARDE FUND XII (MASTER), L.P., By: The Vade Fund XII G.P., L.P., Its General Partner, By: The Vade Fund XII UGP, LLC, Its General Partner, By: Vade Partners, L.P., By: Vade Partners, Inc., By: , Name: David A. Marple, Title: General Counsel 2018-02-02 THE VARDE FUND XII G.P., L.P., By: The Vade Fund XII UGP, LLC, Its General Partner, By: Vade Partners, L.P., Its Managing Member, By: Vade Partners, Inc., Its General Partner, By: , Name: David A. Marple, Title: General Counsel 2018-02-02 THE VARDE FUND XII UGP, LLC, By: Vade Partners, L.P., Its Managing Member, By: Vade Partners, Inc., Its General Partner, By: , Name: David A. Marple, Title: General Counsel 2018-02-02 THE VARDE SKYWAY MASTER FUND, L.P., By: Vade Skyway Fund G.P., LLC, Its General Partner, By: Vade Partners, L.P., Its Managing Member, By: Vade Partners, Inc., Its General Partner, By: , Name: David A. Marple, Title: General Counsel 2018-02-02 THE VARDE SKYWAY FUND G.P., LLC, By: Vade Partners, L.P., Its Managing Member, By: Vade Partners, Inc., Its General Partner, By: , Name: David A. Marple, Title: General Counsel 2018-02-02 VARDE INVESTMENT PARTNERS (OFFSHORE) MASTER, L.P., By: Vade Investment Partners G.P., LLC, Its General Partner, By: Vade Partners, L.P., By: Vade Partners, Inc., By: , Name: David A. Marple, Title: General Counsel 2018-02-02 THE VARDE FUND VI-A, L.P., By: Vade Investment Partners G.P., LLC, Its General Partner, By: Vade Partners, L.P., Its Managing Member, By: Vade Partners, Inc., Its General Partner, By: , Name: David A. Marple, Title: General Counsel 2018-02-02