Sec Form 4 Filing - WONG HEIDI @ Erin Energy Corp. - 2017-02-15

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
WONG HEIDI
2. Issuer Name and Ticker or Trading Symbol
Erin Energy Corp. [ ERN]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
SVP, Corporate Services
(Last) (First) (Middle)
1330 POST OAK BLVD., SUITE 2250
3. Date of Earliest Transaction (MM/DD/YY)
02/15/2017
(Street)
HOUSTON, TX77056
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 02/15/2017 A 13,218 ( 1 ) A $ 3.9 ( 2 ) 507,137 D
Common Stock 02/15/2017 F 6,919 D $ 3.9 500,218 ( 3 ) D
Common Stock 02/17/2017 F 19,003 D $ 3.8 481,215 ( 4 ) D
Common Stock 02/17/2017 F 18,529 D $ 3.8 462,686 ( 5 ) 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: 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
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
WONG HEIDI
1330 POST OAK BLVD., SUITE 2250
HOUSTON, TX77056
SVP, Corporate Services
Signatures
/s/ Jean-Michel Malek, Attorney-In-Fact 03/01/2017
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Common stock of Issuer granted to Reporting Person on February 15, 2017 pursuant to Issuer's Amended 2009 Equity Incentive Plan in lieu of Reporting Person's 2016 annual incentive for payout in 2017. 100% of the shares become vested and nonforfeitable on the date of Grant and are subject to the terms and conditions of the Restricted Shares Grant Agreement.
( 2 )The price per share is $0. The grant was valued at $3.90 per share.
( 3 )Reporting person received 6,299 shares of the Issuer's Common Stock upon net share settlement in connection with the immediate vesting of 13,218 shares of common stock granted to Reporting Person on February 15, 2017, with the remaining 6,919 shares being retained by the Issuer to pay the tax withholding requirements arising from the net share settlement of the restricted stock grant.
( 4 )Reporting person received 13,961 shares of the Issuer's Common Stock upon net share settlement in connection with the February 17, 2017 vesting of 32,964 shares of common stock granted to Reporting Person on February 17, 2015, with the remaining 19,003 shares being retained by the Issuer to pay the tax withholding requirements arising from the net share settlement of the restricted stock grant.
( 5 )Reporting person received 17,144 shares of the Issuer's Common Stock upon net share settlement in connection with the February 17, 2017 vesting of 35,673 shares of common stock granted to Reporting Person on February 17, 2016, with the remaining 18,529 shares being retained by the Issuer to pay the tax withholding requirements arising from the net share settlement of the restricted stock grant.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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