Lilis Energy (LLEX) Form 4/A LILIS ENERGY / Abraham Mirman ownership change

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Mirman Abraham

(Last) (First) (Middle)

300 EAST SONTERRA BLVD., STE. 1220

(Street)

SAN ANTONIO TX 78258

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
06/16/2017

4. If Amendment, Date of Original Filed (Month/Day/Year)
06/16/2017

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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/16/2017		F		53,942	D	(1)	2,494,041	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	$1.34	06/16/2017(2)		D(3)			250,000	06/24/2016	06/24/2026	Common Stock	250,000	$0	1,000,000	D
Stock Option (Right to Buy)	$2.98	06/16/2017(2)		D(4)			500,000	12/15/2016	12/15/2026	Common Stock	500,000	$0	0	D

Explanation of Responses:

1. This forfeiture, which was inadvertently omitted from the Original Form 4, was undertaken solely to satisfy tax withholding liabilities relating to the vesting of restricted share awards held by the Reporting Person. The Reporting Person made the withholding election on June 16, 2017 with respect to restricted shares that vested on June 16, 2017. The aggregate value of the common shares so withheld was based on the closing price of the common shares on the NYSE MKT on the vesting date, which was $5.31.

2. The Original Form 4 listed the incorrect transaction date, which was June 9, 2016. The correct transaction date is June 16, 2017.

3. This transaction involves the partial rescission of a prior grant of 1,250,000 stock options granted to the Reporting Person on June 24, 2016, 250,000 of which were in excess of the limits authorized by the Plan.

4. This transaction involves the rescission of a prior grant of 500,000 stock options granted to the Reporting Person on December 15, 2016, all of which were in excess of the limits authorized by the Plan.

Remarks:

The filing of this Form 4/A is to correct the disclosure contained in the Form 4 filed on June 16, 2017 (the "Original Form 4"). The Original Form 4 stated the incorrect earliest transaction date, which should have been June 16, 2017, instead of June 9, 2017.

	/s/ Ariella Fuchs, Attorney-In-Fact for Abraham Mirman	06/26/2017
	** 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 4 (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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