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Filing Details

Accession Number:: 0001580695-17-000466
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2017-10-13 21:44:36
Reporting Period:: 2016-05-19

Accepted Time:: 2017-10-13 21:44:36
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1402281	Erin Energy Corp.	ERN	Drilling Oil & Gas Wells (1381)	300349798

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1489494	Lukman Kase Lawal	1330 Post Oak Blvd., Suite 2200 Houston TX 77056		No	No	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2017-04-03	116,108,833	$0.00	0	No	4	J	Indirect	By Allied Energy PLC
Common Stock	Disposition	2017-04-13	1,515,927	$0.00	0	No	4	J	Indirect	By CAMAC Int'l (Nigeria) Ltd.
Common Stock	Acquisiton	2017-07-05	117,624,760	$0.00	117,624,760	No	4	J	Indirect	Through Voting Agreement
Common Stock	Acquisiton	2016-05-19	2,700	$2.05	2,605,619	No	4	P	Direct
Common Stock	Acquisiton	2016-05-23	620	$1.85	2,606,239	No	4	P	Direct
Common Stock	Acquisiton	2016-05-24	900	$2.00	2,607,139	No	4	P	Direct
Common Stock	Acquisiton	2016-05-25	200	$2.05	2,607,339	No	4	P	Direct
Common Stock	Acquisiton	2016-05-26	2,000	$2.45	2,609,339	No	4	P	Direct
Common Stock	Acquisiton	2016-05-27	1,600	$2.44	2,610,939	No	4	P	Direct
Common Stock	Acquisiton	2016-06-01	3,314	$2.44	2,614,253	No	4	P	Direct
Common Stock	Acquisiton	2016-06-02	700	$2.30	2,614,953	No	4	P	Direct
Common Stock	Acquisiton	2016-06-03	600	$2.39	2,615,553	No	4	P	Direct
Common Stock	Acquisiton	2016-06-08	1,500	$2.73	2,617,053	No	4	P	Direct
Common Stock	Acquisiton	2016-06-13	1,500	$2.60	2,618,553	No	4	P	Direct
Common Stock	Acquisiton	2016-06-14	5,700	$2.59	2,624,253	No	4	P	Direct
Common Stock	Acquisiton	2016-06-15	700	$2.51	2,624,953	No	4	P	Direct
Common Stock	Acquisiton	2016-06-16	2,130	$2.34	2,627,083	No	4	P	Direct
Common Stock	Acquisiton	2016-06-23	1,200	$2.30	2,628,283	No	4	P	Direct
Common Stock	Acquisiton	2016-06-24	1,000	$2.16	2,629,283	No	4	P	Direct
Common Stock	Acquisiton	2016-06-27	1,600	$2.12	2,630,883	No	4	P	Direct
Common Stock	Acquisiton	2016-06-30	4,400	$2.34	2,635,283	No	4	P	Direct
Common Stock	Acquisiton	2016-07-01	3,500	$2.34	2,638,783	No	4	P	Direct
Common Stock	Acquisiton	2016-07-05	2,000	$2.20	2,640,783	No	4	P	Direct
Common Stock	Acquisiton	2016-07-12	1,906	$2.52	2,642,689	No	4	P	Direct
Common Stock	Acquisiton	2016-07-18	3,600	$2.72	2,646,289	No	4	P	Direct
Common Stock	Acquisiton	2016-07-21	3,500	$2.65	2,649,789	No	4	P	Direct
Common Stock	Acquisiton	2016-07-22	1,700	$2.59	2,651,489	No	4	P	Direct
Common Stock	Acquisiton	2016-07-25	3,400	$2.55	2,654,889	No	4	P	Direct
Common Stock	Acquisiton	2016-07-26	900	$2.50	2,655,789	No	4	P	Direct
Common Stock	Acquisiton	2016-07-27	3,400	$2.50	2,659,189	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	J	Indirect	By Allied Energy PLC
No	4	J	Indirect	By CAMAC Int'l (Nigeria) Ltd.
No	4	J	Indirect	Through Voting Agreement
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct

Footnotes

On April 3, 2017, an aggregate of 116,108,833 shares of the Registrant's common stock previously held by Allied Energy PLC ("Allied"), which shares Dr. Lawal was deemed to beneficially own, were foreclosed upon by Oltasho Nigeria Limited ("Oltasho"), in connection with the failure of Allied to timely repay $50 million owed to Oltasho, pursuant to the terms of a loan agreement and certain stock pledges.
April 13, 2017, an aggregate of 1,515,927 shares of the Registrant's common stock previously held by CAMAC Int'l (Nigeria) Ltd. ("CAMAC International"), which shares Dr. Lawal was deemed to beneficially own, were foreclosed upon by Latmol Investment Limited ("Latmol"), in connection with the failure of CAMAC International to timely repay $50 million owed by CAMAC International to Latmol, pursuant to the terms of a loan agreement and a stock pledge.
On July 5, 2017, Oltasho and Latmol entered into a Voting Agreement with Dr. Lawal (the "Voting Agreement"). Pursuant to the Voting Agreement, Oltasho and Latmol provided complete authority to Dr. Lawal to vote the 117,624,760 shares foreclosed upon (and any other securities of the Registrant obtained by Oltasho and/or Latmol in the future) at any and all meetings of stockholders of the Registrant and via any written consents. The Voting Agreement has a term of approximately 10 years, through July 31, 2027, but can be terminated at any time with the mutual consent of the parties. In connection with their entry into the Voting Agreement, Oltasho and Latmol each provided Dr. Lawal an irrevocable voting proxy to vote the shares covered by the Voting Agreement. Additionally, Oltasho and Latmol agreed not to transfer the shares covered by the Voting Agreement, during the term of such agreement, except pursuant to certain limited exceptions described in the Voting Agreement.
The price reflects a weighted average of purchases made at prices ranging from $2.00 to $2.14. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, information regarding the number of shares purchased at each separate price.
The price reflects a weighted average of purchases made at prices ranging from $1.85 to $1.86. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, information regarding the number of shares purchased at each separate price.
The price reflects a weighted average of purchases made at prices ranging from $1.98 to $2.03. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, information regarding the number of shares purchased at each separate price.
The price reflects a weighted average of purchases made at prices ranging from $2.05 to $2.05. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, information regarding the number of shares purchased at each separate price.
The price reflects a weighted average of purchases made at prices ranging from $2.40 to $2.50. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, information regarding the number of shares purchased at each separate price.
The price reflects a weighted average of purchases made at prices ranging from $2.43 to $2.47. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, information regarding the number of shares purchased at each separate price.
The price reflects a weighted average of purchases made at prices ranging from $2.44 to $2.45. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, information regarding the number of shares purchased at each separate price.
The price reflects a weighted average of purchases made at prices ranging from $2.29 to $2.31. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, information regarding the number of shares purchased at each separate price.
The price reflects a weighted average of purchases made at prices ranging from $2.38 to $2.40. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, information regarding the number of shares purchased at each separate price.
The price reflects a weighted average of purchases made at prices ranging from $2.72 to $2.73. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, information regarding the number of shares purchased at each separate price.
The price reflects a weighted average of purchases made at prices ranging from $2.59 to $2.63. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, information regarding the number of shares purchased at each separate price.
The price reflects a weighted average of purchases made at prices ranging from $2.58 to $2.60. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, information regarding the number of shares purchased at each separate price.
The price reflects a weighted average of purchases made at prices ranging from $2.51 to $2.51. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, information regarding the number of shares purchased at each separate price.
The price reflects a weighted average of purchases made at prices ranging from $2.34 to $2.35. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, information regarding the number of shares purchased at each separate price.
The price reflects a weighted average of purchases made at prices ranging from $2.29 to $2.30. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, information regarding the number of shares purchased at each separate price.
The price reflects a weighted average of purchases made at prices ranging from $2.16 to $2.16. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, information regarding the number of shares purchased at each separate price.
The price reflects a weighted average of purchases made at prices ranging from $2.11 to $2.15. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, information regarding the number of shares purchased at each separate price.
The price reflects a weighted average of purchases made at prices ranging from $2.26 to $2.41. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, information regarding the number of shares purchased at each separate price.
The price reflects a weighted average of purchases made at prices ranging from $2.29 to $2.37. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, information regarding the number of shares purchased at each separate price.
The price reflects a weighted average of purchases made at prices ranging from $2.18 to $2.22. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, information regarding the number of shares purchased at each separate price.
The price reflects a weighted average of purchases made at prices ranging from $2.51 to $2.55. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, information regarding the number of shares purchased at each separate price.
The price reflects a weighted average of purchases made at prices ranging from $2.71 to $2.74. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, information regarding the number of shares purchased at each separate price.
The price reflects a weighted average of purchases made at prices ranging from $2.53 to $2.72. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, information regarding the number of shares purchased at each separate price.
The price reflects a weighted average of purchases made at prices ranging from $2.58 to $2.60. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, information regarding the number of shares purchased at each separate price.
The price reflects a weighted average of purchases made at prices ranging from $2.54 to $2.57. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, information regarding the number of shares purchased at each separate price.
The price reflects a weighted average of purchases made at prices ranging from $2.48 to $2.52. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, information regarding the number of shares purchased at each separate price.
The price reflects a weighted average of purchases made at prices ranging from $2.44 to $2.53. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, information regarding the number of shares purchased at each separate price.