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Filing Details

Accession Number:: 0001580695-17-000485
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2017-10-20 17:09:46
Reporting Period:: 2017-10-13

Accepted Time:: 2017-10-20 17:09:46
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
Common Stock	Acquisiton	2017-10-13	6,400	$2.80	3,328,092	No	4	P	Direct
Common Stock	Acquisiton	2017-10-16	7,270	$2.74	3,335,362	No	4	P	Direct
Common Stock	Acquisiton	2017-10-18	11,300	$2.85	3,346,662	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	117,624,760	Indirect	Through Voting Agreement

Footnotes

On July 5, 2017, Oltasho Nigeria Limited ("Oltasho") and Latmol Investment Limited ("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 117,624,760 shares of the Registrant's common stock (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 $2.74 to $2.90. 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 $2.75. 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 $2.80 to $2.85. 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.