Runnels G Tyler Form 3 LILIS ENERGY / G TYLER RUNNELS ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

RUNNELS G TYLER

(Last) (First) (Middle)

2049 CENTURY PARK EAST, SUITE 320

(Street)

LOS ANGELES CA 90067

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
09/06/2017

3. Issuer Name and Ticker or Trading Symbol
LILIS ENERGY, INC. [ LLEX ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	1,603	D
Common Stock	29,300	I	See Footnote(1)
Common Stock	403	I	See Footnote(2)
Common Stock	1,255,645	I	See Footnote(3)
Common Stock	3	I	See Footnote(4)
Common Stock	267,436	I	See Footnote(5)
Common Stock	534,899	I	See Footnote(6)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Warrant (right to buy)	03/06/2017	03/06/2022	Common Stock	70,857	4.5	I	See Footnote(3)
Warrant (right to buy)	03/06/2017	03/06/2022	Common Stock	32,468	4.5	I	See Footnote(5)
Warrant (right to buy)	06/22/2016	06/22/2018	Common Stock	125,455	2.5	I	See Footnote(3)
Warrant (right to buy)	08/03/2016	08/03/2019	Common Stock	363,636	2.5	I	See Footnote(5)
Warrant (right to buy)	06/22/2016	06/22/2018	Common Stock	91,318	2.5	I	See Footnote(5)
Warrant (right to buy)	09/17/2016	09/17/2018	Common Stock	249,905	1.3	I	See Footnote(3)
Warrant (right to buy)	09/17/2016	09/17/2018	Common Stock	181,092	1.3	I	See Footnote(5)

Explanation of Responses:

1. These securities are held by High Tide, LLC, for which Reporting Person is the natural person with ultimate voting and dispositive power.

2. These securities are held by Pangaea Partners, LLC, for which Reporting Person is the natural person with ultimate voting and dispositive power.

3. These securities are held by the Runnels Family Trust DTD 1-11-2000, for which Reporting Person acts as a trustee with Jasmine N. Runnels, who share voting and dispositive power.

4. These securities are held by SEP IRA Pershing LLC Custodian, for which Reporting Person is the natural person with ultimate voting and dispositive power.

5. These securities are held by T.R. Winston & Company, LLC for which Reporting Person is the natural person with ultimate voting and dispositive power.

6. These securities are held by TRW Capital Growth Fund, LP for which Reporting Person is the natural person with ultimate voting and dispositive power.

Remarks:

Exhibits: Exhibit 24.1 - Power of Attorney

	/s/ Ariella S. Fuchs, Attorney-in-Fact for G. Tyler Runnels	09/14/2017
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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