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Hicks is the Chief Executive Officer of the General Partner."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F6","text":"(Continued from footnote 5) Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":1283667,"source":{"system":"sec-edgar","filing":"0000899243-19-012981","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/76321/000089924319012981/doc4.xml","form_type":"4"}},{"id":3532891,"issuer":{"id":150081,"kind":"organization","name":"PARKER DRILLING CO /DE/","symbol":"PKD"},"owners":[{"id":139666,"kind":"person","name":"Hicks George G","position":1,"cik":"0001706059","reported_name":"Hicks George G","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75392,"kind":"organization","name":"Varde Skyway Master Fund, L.P.","position":2,"cik":"0001704946","reported_name":"Varde Skyway Master Fund, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142500,"kind":"organization","name":"Varde Skyway Fund G.P., L.P.","position":3,"cik":"0001704964","reported_name":"Varde Skyway fund G.P., LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75389,"kind":"organization","name":"Varde Investment Partners (Offshore) Master, L.P.","position":4,"cik":"0001705023","reported_name":"Varde Investment Partners (Offshore) Master, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":5,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":6,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75390,"kind":"organization","name":"Varde Credit Partners Master, L.P.","position":7,"cik":"0001744511","reported_name":"Varde Credit Partners Master, L.P.","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139670,"kind":"organization","name":"Varde Credit Partners G.P., L.P.","position":8,"cik":"0001744512","reported_name":"Varde Credit Partners G.P., LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":9,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":10,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock","published_at":"2019-05-10T13:33:11.000Z","date":"2019-05-08","kind":"purchase","acquired":true,"shares":23633,"price":20.1,"value":475023.3,"ownership":{"direct":false,"nature":"See Footnotes"},"footnotes":[{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Shares of common stock of Parker Drilling Company (the \"Issuer\") held directly by The Varde Skyway Master Fund, L.P. (\"Master Skyway Fund\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"The Varde Skyway Fund G.P., LLC (\"Skyway Fund GP\") is the general partner of Master Skyway Fund. Varde Investment Partners G.P., LLC (\"VIP GP\") is the general partner of VIP Offshore and VIP. Varde Credit Partners G.P., LLC (\"VCPM GP\") is the general partner of VCPM. Varde Partners, L.P. (\"Managing Member\") is the managing member of Skyway Fund GP, VIP GP and VCPM GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member.  George G. Hicks is the Chief Executive Officer of the General Partner."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F6","text":"(Continued from footnote 5) Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":1233731,"source":{"system":"sec-edgar","filing":"0000899243-19-012981","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/76321/000089924319012981/doc4.xml","form_type":"4"}},{"id":3609214,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":139666,"kind":"person","name":"Hicks George G","position":1,"cik":"0001706059","reported_name":"Hicks George G","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142498,"kind":"organization","name":"Varde Fund VI-A, L.P.","position":2,"cik":"0001704987","reported_name":"Varde Fund VI-A, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":3,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":4,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":5,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":6,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Convertible Debt","published_at":"2019-03-06T20:59:15.000Z","date":"2019-03-05","kind":"other","acquired":false,"price":1.88,"reported_value":109360329,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F16","text":"The amount reported reflects the amount of shares of Common Stock issuable upon conversion of the Convertible Debt as of March 1, 2019."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Pursuant to the Transaction Agreement, dated as of March 5, 2019 (the \"Transaction Agreement\"), by and among the Issuer and The Varde Fund XI (Master), L.P. (\"Fund XI\"), The Varde Fund XII (Master), L.P. (\"Fund XII\"),  The Varde Skyway Mini-Master Fund, L.P. (\"Mini-Master\"), The Varde Skyway Fund, L.P. (\"Varde Skyway Fund\"), Varde Investment Partners, L.P. (\"VIP\"), Varde Investment Partners (Offshore) Master, L.P. (\"VIPO\") and the Varde Fund VI-A L.P. (\"Fund VI-A\" and, collectively with Fund XI, Fund XII, VIP, VIPO, and Fund VI-A, the \"Varde Parties\"), the Issuer issued to the Varde Parties, as consideration for the termination of the Credit Agreement, dated as of April 26, 2017, by and among the Issuer, the lenders from time to time party thereto, the guarantors from time to time party thereto, Varde Partners, Inc. as lead lender, and Wilmington Trust, National Association, as Administrative Agent for the existing lenders (the \"Term Loan Credit Agreement\"), including the"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(Continued from Footnote 1) cancellation of the convertible debt securities issued thereunder (the \"Convertible Debt\"), and the satisfaction in full of all indebtedness, liabilities and other Obligations (as defined in the Term Loan Credit Agreement), together with accrued and unpaid interest thereon and the Make-Whole Amount (as defined in the Term Loan Credit Agreement), (i) 9,891,638 shares of the Issuer's Common Stock, (ii) 60,000 shares of the Issuer's Series E 8.25% Convertible Participating Preferred Stock (the \"Series E Preferred Stock\"), and (iii) 55,000 shares of the Issuer's Series F 9.00% Participating Preferred Stock (the \"Series F Preferred Stock\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F16","text":"The amount reported reflects the amount of shares of Common Stock issuable upon conversion of the Convertible Debt as of March 1, 2019."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F17","text":"Reflects securities held directly or indirectly by Fund XI, Fund XII, Skyway Fund, Mini-Master, Varde Skyway Fund, VIPO, Fund VI-A and VIP. The Varde Fund XI G.P., LLC (\"Fund XI GP\") is the general partner of Fund XI. The Varde Fund XII G.P., L.P. (\"Fund XII GP\") is the general partner of Fund XII, and The Varde Fund XII UGP, LLC (\"Fund XII UGP\") is the general partner of Fund XII GP. The Varde Skyway Fund G.P., LLC (\"Skyway Fund GP\") is the general partner of Mini-Master and Varde Skyway Fund. Varde Investment Partners G.P., LLC (\"VIP GP\") is the general partner of VIPO. VIP GP is the general partner of Fund VI-A. VIP GP is the general partner of Fund VIP. Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F18","text":"(Continued from Footnote 17) George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Series E Preferred Stock because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities. Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":0,"derivative":{"exercise_price":5.5,"exercise_date":"2018-10-10","expiration_date":"2021-04-26","underlying":"Common Stock, $0.001 par value","underlying_shares":17001945},"source":{"system":"sec-edgar","filing":"0000899243-19-006567","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":10,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924319006567/doc4.xml","form_type":"4"}},{"id":3609213,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":139666,"kind":"person","name":"Hicks George G","position":1,"cik":"0001706059","reported_name":"Hicks George G","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142498,"kind":"organization","name":"Varde Fund VI-A, L.P.","position":2,"cik":"0001704987","reported_name":"Varde Fund VI-A, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":3,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":4,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":5,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":6,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series D 8.25% Convertible Participating Preferred Stock","published_at":"2019-03-06T20:59:15.000Z","date":"2019-03-05","kind":"other","acquired":false,"shares":39254,"price":1.88,"value":73797.52,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"derivative.expiration_date","element":"expirationDate","label":"F15","text":"The Series D Preferred Stock is perpetual and has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F10","text":"Prior to the amendment and restatement of the Series D Certificate of Designation as described in Footnote 3 above, the Issuer had the right to redeem the Series D Preferred Stock, in whole or in part, at any time (subject to certain limitations on partial redemptions), at a price per share equal to (i) stated value of $1,000, subject to increase in connection with the payment of dividends (the \"Series D Stated Value\") then in effect multiplied by 117.5%, plus (ii) accrued and unpaid dividends thereon and any other amounts payable by the Issuer in respect thereof (the \"Series D Optional Redemption Amount\"). Prior to the amendment and restatement of the Series D Certificate of Designation, each share of Series D Preferred Stock was convertible at any time at the option of the holder into a number of shares of Common Stock equal to"},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F11","text":"(Continued from Footnote 10) (i) the applicable Series D Optional Redemption Amount divided by (ii) a conversion price of $5.50, subject to adjustment (the \"Series D Conversion Price\"). The amount reported reflects the amount of shares of Common Stock issuable upon conversion of the Series D Preferred Stock as of March 1, 2019, based on a Series D Conversion Price of $5.50 and a Series D Optional Redemption Amount of 117.5% of the Series D Stated Value."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Also pursuant to the Transaction Agreement, the Issuer issued to the Varde Parties 7,750,000 shares of Common Stock as consideration for the amendment and restatement of (i) the Certificate of Designation of Preferences, Rights and Limitations of Series C-1 9.75% Convertible Participating Preferred Stock and Series C-2 9.75% Convertible Participating Preferred Stock (the \"Series C Certificate of Designation\") and (ii) the Certificate of Designation of Preferences, Rights and Limitations of Series D 8.25% Convertible Participating Preferred Stock (the \"Series D Certificate of Designation\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F17","text":"Reflects securities held directly or indirectly by Fund XI, Fund XII, Skyway Fund, Mini-Master, Varde Skyway Fund, VIPO, Fund VI-A and VIP. The Varde Fund XI G.P., LLC (\"Fund XI GP\") is the general partner of Fund XI. The Varde Fund XII G.P., L.P. (\"Fund XII GP\") is the general partner of Fund XII, and The Varde Fund XII UGP, LLC (\"Fund XII UGP\") is the general partner of Fund XII GP. The Varde Skyway Fund G.P., LLC (\"Skyway Fund GP\") is the general partner of Mini-Master and Varde Skyway Fund. Varde Investment Partners G.P., LLC (\"VIP GP\") is the general partner of VIPO. VIP GP is the general partner of Fund VI-A. VIP GP is the general partner of Fund VIP. Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F18","text":"(Continued from Footnote 17) George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Series E Preferred Stock because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities. Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":0,"derivative":{"exercise_price":5.5,"exercise_date":"2018-10-10","underlying":"Common Stock, $0.001 par value","underlying_shares":8661146},"source":{"system":"sec-edgar","filing":"0000899243-19-006567","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":9,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924319006567/doc4.xml","form_type":"4"}},{"id":3609212,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":139666,"kind":"person","name":"Hicks George G","position":1,"cik":"0001706059","reported_name":"Hicks George G","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142498,"kind":"organization","name":"Varde Fund VI-A, L.P.","position":2,"cik":"0001704987","reported_name":"Varde Fund VI-A, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":3,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":4,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":5,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":6,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series C-2 9.75% Convertible Participating Preferred Stock","published_at":"2019-03-06T20:59:15.000Z","date":"2019-03-05","kind":"other","acquired":false,"shares":25000,"price":1.88,"value":47000.0,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"derivative.expiration_date","element":"expirationDate","label":"F14","text":"The Series C-2 Preferred Stock is perpetual and has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F8","text":"Prior to the amendment and restatement of the Series C Certificate of Designation as described in Footnote 3 above, the Issuer had the right to redeem the Series C-2 Preferred Stock, in whole or in part, at any time (subject to certain limitations on partial redemptions), at a price per share equal to (i) stated value of $1,000, subject to increase in connection with the payment of dividends (the \"Series C-2 Stated Value\") then in effect multiplied by (a) 120% if redeemed during 2018, (b) 125% if redeemed during 2019, or (c) 130% if redeemed after 2019 plus (ii) accrued and unpaid dividends thereon and any other amounts payable by the Issuer in respect thereof (the \"Series C-2 Optional Redemption Amount\"). Prior to the amendment and restatement of the Series C Certificate of Designation, each share of Series C-2 Preferred Stock was convertible at any time at the option of the holder into a number of shares of Common Stock equal to"},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F9","text":"(Continued from Footnote 8) (i) the applicable Series C-1 Optional Redemption Amount divided by (ii) a conversion price of $6.15, subject to adjustment (the \"Series C-2 Conversion Price\"). The amount reported reflects the amount of shares of Common Stock issuable upon conversion of the Series C-2 Preferred Stock as of March 1, 2019, based on a Series C-2 Conversion Price of $6.15 and a Series C-2 Optional Redemption Amount of 125% of the Series C-2 Stated Value."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Also pursuant to the Transaction Agreement, the Issuer issued to the Varde Parties 7,750,000 shares of Common Stock as consideration for the amendment and restatement of (i) the Certificate of Designation of Preferences, Rights and Limitations of Series C-1 9.75% Convertible Participating Preferred Stock and Series C-2 9.75% Convertible Participating Preferred Stock (the \"Series C Certificate of Designation\") and (ii) the Certificate of Designation of Preferences, Rights and Limitations of Series D 8.25% Convertible Participating Preferred Stock (the \"Series D Certificate of Designation\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F17","text":"Reflects securities held directly or indirectly by Fund XI, Fund XII, Skyway Fund, Mini-Master, Varde Skyway Fund, VIPO, Fund VI-A and VIP. The Varde Fund XI G.P., LLC (\"Fund XI GP\") is the general partner of Fund XI. The Varde Fund XII G.P., L.P. (\"Fund XII GP\") is the general partner of Fund XII, and The Varde Fund XII UGP, LLC (\"Fund XII UGP\") is the general partner of Fund XII GP. The Varde Skyway Fund G.P., LLC (\"Skyway Fund GP\") is the general partner of Mini-Master and Varde Skyway Fund. Varde Investment Partners G.P., LLC (\"VIP GP\") is the general partner of VIPO. VIP GP is the general partner of Fund VI-A. VIP GP is the general partner of Fund VIP. Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F18","text":"(Continued from Footnote 17) George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Series E Preferred Stock because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities. Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":0,"derivative":{"exercise_price":6.15,"exercise_date":"2018-10-10","underlying":"Common Stock, $0.001 par value","underlying_shares":5278553},"source":{"system":"sec-edgar","filing":"0000899243-19-006567","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":8,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924319006567/doc4.xml","form_type":"4"}},{"id":3609211,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":139666,"kind":"person","name":"Hicks George G","position":1,"cik":"0001706059","reported_name":"Hicks George G","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142498,"kind":"organization","name":"Varde Fund VI-A, L.P.","position":2,"cik":"0001704987","reported_name":"Varde Fund VI-A, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":3,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":4,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":5,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":6,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series C-1 9.75% Convertible Participating Preferred Stock","published_at":"2019-03-06T20:59:15.000Z","date":"2019-03-05","kind":"other","acquired":false,"shares":100000,"price":1.88,"value":188000.0,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"derivative.expiration_date","element":"expirationDate","label":"F13","text":"The Series C-1 Preferred Stock is perpetual and has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F6","text":"Prior to the amendment and restatement of the Series C Certificate of Designation as described in Footnote 3 above, the Issuer had the right to redeem the Series C-1 Preferred Stock, in whole or in part, at any time (subject to certain limitations on partial redemptions), at a price per share equal to (i) stated value of $1,000, subject to increase in connection with the payment of dividends (the \"Series C-1 Stated Value\") then in effect multiplied by (a) 120% if redeemed during 2018, (b) 125% if redeemed during 2019, or (c) 130% if redeemed after 2019 plus (ii) accrued and unpaid dividends thereon and any other amounts payable by the Issuer in respect thereof (the \"Series C-1 Optional Redemption Amount\"). Prior to the amendment and restatement of the Series C Certificate of Designation, each share of Series C-1 Preferred Stock was convertible at any time at the option of the holder into a number of shares of Common Stock equal to"},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F7","text":"(Continued from Footnote 6) (i) the applicable Series C-1 Optional Redemption Amount divided by (ii) a conversion price of $6.15, subject to adjustment (the \"Series C-1 Conversion Price\"). The amount reported reflects the amount of shares of Common Stock issuable upon conversion of the Series C-1 Preferred Stock as of March 1, 2019, based on a Series C-1 Conversion Price of $6.15 and a Series C-1 Optional Redemption Amount of 125% of the Series C-1 Stated Value."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Also pursuant to the Transaction Agreement, the Issuer issued to the Varde Parties 7,750,000 shares of Common Stock as consideration for the amendment and restatement of (i) the Certificate of Designation of Preferences, Rights and Limitations of Series C-1 9.75% Convertible Participating Preferred Stock and Series C-2 9.75% Convertible Participating Preferred Stock (the \"Series C Certificate of Designation\") and (ii) the Certificate of Designation of Preferences, Rights and Limitations of Series D 8.25% Convertible Participating Preferred Stock (the \"Series D Certificate of Designation\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F17","text":"Reflects securities held directly or indirectly by Fund XI, Fund XII, Skyway Fund, Mini-Master, Varde Skyway Fund, VIPO, Fund VI-A and VIP. The Varde Fund XI G.P., LLC (\"Fund XI GP\") is the general partner of Fund XI. The Varde Fund XII G.P., L.P. (\"Fund XII GP\") is the general partner of Fund XII, and The Varde Fund XII UGP, LLC (\"Fund XII UGP\") is the general partner of Fund XII GP. The Varde Skyway Fund G.P., LLC (\"Skyway Fund GP\") is the general partner of Mini-Master and Varde Skyway Fund. Varde Investment Partners G.P., LLC (\"VIP GP\") is the general partner of VIPO. VIP GP is the general partner of Fund VI-A. VIP GP is the general partner of Fund VIP. Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F18","text":"(Continued from Footnote 17) George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Series E Preferred Stock because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities. Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":0,"derivative":{"exercise_price":6.15,"exercise_date":"2018-01-30","underlying":"Common Stock, $0.001 par value","underlying_shares":22557822},"source":{"system":"sec-edgar","filing":"0000899243-19-006567","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":7,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924319006567/doc4.xml","form_type":"4"}},{"id":3609210,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":139666,"kind":"person","name":"Hicks George G","position":1,"cik":"0001706059","reported_name":"Hicks George G","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142498,"kind":"organization","name":"Varde Fund VI-A, L.P.","position":2,"cik":"0001704987","reported_name":"Varde Fund VI-A, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":3,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":4,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":5,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":6,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series E 8.25% Convertible Participating Preferred Stock","published_at":"2019-03-06T20:59:15.000Z","date":"2019-03-05","kind":"other","acquired":true,"shares":60000,"price":1000,"value":60000000.0,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"derivative.expiration_date","element":"expirationDate","label":"F12","text":"The Series E Preferred Stock is perpetual and has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F4","text":"The amount reported reflects the amount of shares of Common Stock issuable upon conversion of the Series E Preferred Stock. The Issuer has the right to redeem the Series E Preferred Stock, in whole or in part, at any time (subject to certain limitations on partial redemptions), at a price per share equal to (i) stated value of $1,000, subject to increase in connection with the payment of dividends (the \"Series E Stated Value\") then in effect multiplied by (a) 110% if redeemed on or prior to the first anniversary of March 5, 2019 (the \"Original Issue Date\"), (b) 105% if redeemed after the first anniversary of the Original Issue Date and on or prior to the second anniversary of the Original Issue Date or (c) 100% if redeemed after the second anniversary of the Original Issue Date, plus (ii) accrued and unpaid dividends thereon and any other amounts payable by the Issuer in respect thereof (the \"Series E Optional Redemption Amount\")."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F5","text":"(Continued from Footnote 4). Each share of Series E Preferred Stock is convertible at any time at the option of the holder into a number of shares of Common Stock equal to (i) the applicable Series E Optional Redemption Amount divided by (ii) a conversion price of $2.50, subject to adjustment (the \"Series E Conversion Price\"). Following the closing of the Transaction Agreement, the aggregate number of shares of Series E Preferred Stock became immediately convertible into 24,000,000 shares of Common Stock, based on an initial Series E Conversion Price of $2.50 and the initial Series E Optional Redemption Amount of 110% of the Series E Stated Value."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Pursuant to the Transaction Agreement, dated as of March 5, 2019 (the \"Transaction Agreement\"), by and among the Issuer and The Varde Fund XI (Master), L.P. (\"Fund XI\"), The Varde Fund XII (Master), L.P. (\"Fund XII\"),  The Varde Skyway Mini-Master Fund, L.P. (\"Mini-Master\"), The Varde Skyway Fund, L.P. (\"Varde Skyway Fund\"), Varde Investment Partners, L.P. (\"VIP\"), Varde Investment Partners (Offshore) Master, L.P. (\"VIPO\") and the Varde Fund VI-A L.P. (\"Fund VI-A\" and, collectively with Fund XI, Fund XII, VIP, VIPO, and Fund VI-A, the \"Varde Parties\"), the Issuer issued to the Varde Parties, as consideration for the termination of the Credit Agreement, dated as of April 26, 2017, by and among the Issuer, the lenders from time to time party thereto, the guarantors from time to time party thereto, Varde Partners, Inc. as lead lender, and Wilmington Trust, National Association, as Administrative Agent for the existing lenders (the \"Term Loan Credit Agreement\"), including the"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(Continued from Footnote 1) cancellation of the convertible debt securities issued thereunder (the \"Convertible Debt\"), and the satisfaction in full of all indebtedness, liabilities and other Obligations (as defined in the Term Loan Credit Agreement), together with accrued and unpaid interest thereon and the Make-Whole Amount (as defined in the Term Loan Credit Agreement), (i) 9,891,638 shares of the Issuer's Common Stock, (ii) 60,000 shares of the Issuer's Series E 8.25% Convertible Participating Preferred Stock (the \"Series E Preferred Stock\"), and (iii) 55,000 shares of the Issuer's Series F 9.00% Participating Preferred Stock (the \"Series F Preferred Stock\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"The amount reported reflects the amount of shares of Common Stock issuable upon conversion of the Series E Preferred Stock. The Issuer has the right to redeem the Series E Preferred Stock, in whole or in part, at any time (subject to certain limitations on partial redemptions), at a price per share equal to (i) stated value of $1,000, subject to increase in connection with the payment of dividends (the \"Series E Stated Value\") then in effect multiplied by (a) 110% if redeemed on or prior to the first anniversary of March 5, 2019 (the \"Original Issue Date\"), (b) 105% if redeemed after the first anniversary of the Original Issue Date and on or prior to the second anniversary of the Original Issue Date or (c) 100% if redeemed after the second anniversary of the Original Issue Date, plus (ii) accrued and unpaid dividends thereon and any other amounts payable by the Issuer in respect thereof (the \"Series E Optional Redemption Amount\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"(Continued from Footnote 4). Each share of Series E Preferred Stock is convertible at any time at the option of the holder into a number of shares of Common Stock equal to (i) the applicable Series E Optional Redemption Amount divided by (ii) a conversion price of $2.50, subject to adjustment (the \"Series E Conversion Price\"). Following the closing of the Transaction Agreement, the aggregate number of shares of Series E Preferred Stock became immediately convertible into 24,000,000 shares of Common Stock, based on an initial Series E Conversion Price of $2.50 and the initial Series E Optional Redemption Amount of 110% of the Series E Stated Value."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F17","text":"Reflects securities held directly or indirectly by Fund XI, Fund XII, Skyway Fund, Mini-Master, Varde Skyway Fund, VIPO, Fund VI-A and VIP. The Varde Fund XI G.P., LLC (\"Fund XI GP\") is the general partner of Fund XI. The Varde Fund XII G.P., L.P. (\"Fund XII GP\") is the general partner of Fund XII, and The Varde Fund XII UGP, LLC (\"Fund XII UGP\") is the general partner of Fund XII GP. The Varde Skyway Fund G.P., LLC (\"Skyway Fund GP\") is the general partner of Mini-Master and Varde Skyway Fund. Varde Investment Partners G.P., LLC (\"VIP GP\") is the general partner of VIPO. VIP GP is the general partner of Fund VI-A. VIP GP is the general partner of Fund VIP. Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F18","text":"(Continued from Footnote 17) George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Series E Preferred Stock because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities. Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":60000,"derivative":{"exercise_price":2.5,"exercise_date":"2019-03-05","underlying":"Common Stock, $0.001 par value","underlying_shares":24000000},"source":{"system":"sec-edgar","filing":"0000899243-19-006567","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":6,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924319006567/doc4.xml","form_type":"4"}},{"id":3609209,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":139666,"kind":"person","name":"Hicks George G","position":1,"cik":"0001706059","reported_name":"Hicks George G","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142498,"kind":"organization","name":"Varde Fund VI-A, L.P.","position":2,"cik":"0001704987","reported_name":"Varde Fund VI-A, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":3,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":4,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":5,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":6,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series F 9.00% Participating Preferred Stock","published_at":"2019-03-06T20:59:15.000Z","date":"2019-03-05","kind":"other","acquired":true,"shares":55000,"price":1000,"value":55000000.0,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Pursuant to the Transaction Agreement, dated as of March 5, 2019 (the \"Transaction Agreement\"), by and among the Issuer and The Varde Fund XI (Master), L.P. (\"Fund XI\"), The Varde Fund XII (Master), L.P. (\"Fund XII\"),  The Varde Skyway Mini-Master Fund, L.P. (\"Mini-Master\"), The Varde Skyway Fund, L.P. (\"Varde Skyway Fund\"), Varde Investment Partners, L.P. (\"VIP\"), Varde Investment Partners (Offshore) Master, L.P. (\"VIPO\") and the Varde Fund VI-A L.P. (\"Fund VI-A\" and, collectively with Fund XI, Fund XII, VIP, VIPO, and Fund VI-A, the \"Varde Parties\"), the Issuer issued to the Varde Parties, as consideration for the termination of the Credit Agreement, dated as of April 26, 2017, by and among the Issuer, the lenders from time to time party thereto, the guarantors from time to time party thereto, Varde Partners, Inc. as lead lender, and Wilmington Trust, National Association, as Administrative Agent for the existing lenders (the \"Term Loan Credit Agreement\"), including the"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(Continued from Footnote 1) cancellation of the convertible debt securities issued thereunder (the \"Convertible Debt\"), and the satisfaction in full of all indebtedness, liabilities and other Obligations (as defined in the Term Loan Credit Agreement), together with accrued and unpaid interest thereon and the Make-Whole Amount (as defined in the Term Loan Credit Agreement), (i) 9,891,638 shares of the Issuer's Common Stock, (ii) 60,000 shares of the Issuer's Series E 8.25% Convertible Participating Preferred Stock (the \"Series E Preferred Stock\"), and (iii) 55,000 shares of the Issuer's Series F 9.00% Participating Preferred Stock (the \"Series F Preferred Stock\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F17","text":"Reflects securities held directly or indirectly by Fund XI, Fund XII, Skyway Fund, Mini-Master, Varde Skyway Fund, VIPO, Fund VI-A and VIP. The Varde Fund XI G.P., LLC (\"Fund XI GP\") is the general partner of Fund XI. The Varde Fund XII G.P., L.P. (\"Fund XII GP\") is the general partner of Fund XII, and The Varde Fund XII UGP, LLC (\"Fund XII UGP\") is the general partner of Fund XII GP. The Varde Skyway Fund G.P., LLC (\"Skyway Fund GP\") is the general partner of Mini-Master and Varde Skyway Fund. Varde Investment Partners G.P., LLC (\"VIP GP\") is the general partner of VIPO. VIP GP is the general partner of Fund VI-A. VIP GP is the general partner of Fund VIP. Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F18","text":"(Continued from Footnote 17) George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Series E Preferred Stock because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities. Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":55000,"source":{"system":"sec-edgar","filing":"0000899243-19-006567","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":5,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924319006567/doc4.xml","form_type":"4"}},{"id":3609208,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":139666,"kind":"person","name":"Hicks George G","position":1,"cik":"0001706059","reported_name":"Hicks George G","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142498,"kind":"organization","name":"Varde Fund VI-A, L.P.","position":2,"cik":"0001704987","reported_name":"Varde Fund VI-A, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":3,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":4,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":5,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":6,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series D 8.25% Non-Convertible Participating Preferred Stock","published_at":"2019-03-06T20:59:15.000Z","date":"2019-03-05","kind":"other","acquired":true,"shares":39254,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F3","text":"Also pursuant to the Transaction Agreement, the Issuer issued to the Varde Parties 7,750,000 shares of Common Stock as consideration for the amendment and restatement of (i) the Certificate of Designation of Preferences, Rights and Limitations of Series C-1 9.75% Convertible Participating Preferred Stock and Series C-2 9.75% Convertible Participating Preferred Stock (the \"Series C Certificate of Designation\") and (ii) the Certificate of Designation of Preferences, Rights and Limitations of Series D 8.25% Convertible Participating Preferred Stock (the \"Series D Certificate of Designation\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Also pursuant to the Transaction Agreement, the Issuer issued to the Varde Parties 7,750,000 shares of Common Stock as consideration for the amendment and restatement of (i) the Certificate of Designation of Preferences, Rights and Limitations of Series C-1 9.75% Convertible Participating Preferred Stock and Series C-2 9.75% Convertible Participating Preferred Stock (the \"Series C Certificate of Designation\") and (ii) the Certificate of Designation of Preferences, Rights and Limitations of Series D 8.25% Convertible Participating Preferred Stock (the \"Series D Certificate of Designation\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F17","text":"Reflects securities held directly or indirectly by Fund XI, Fund XII, Skyway Fund, Mini-Master, Varde Skyway Fund, VIPO, Fund VI-A and VIP. The Varde Fund XI G.P., LLC (\"Fund XI GP\") is the general partner of Fund XI. The Varde Fund XII G.P., L.P. (\"Fund XII GP\") is the general partner of Fund XII, and The Varde Fund XII UGP, LLC (\"Fund XII UGP\") is the general partner of Fund XII GP. The Varde Skyway Fund G.P., LLC (\"Skyway Fund GP\") is the general partner of Mini-Master and Varde Skyway Fund. Varde Investment Partners G.P., LLC (\"VIP GP\") is the general partner of VIPO. VIP GP is the general partner of Fund VI-A. VIP GP is the general partner of Fund VIP. Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F18","text":"(Continued from Footnote 17) George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Series E Preferred Stock because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities. Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":39254,"source":{"system":"sec-edgar","filing":"0000899243-19-006567","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":4,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924319006567/doc4.xml","form_type":"4"}},{"id":3609207,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":139666,"kind":"person","name":"Hicks George G","position":1,"cik":"0001706059","reported_name":"Hicks George G","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142498,"kind":"organization","name":"Varde Fund VI-A, L.P.","position":2,"cik":"0001704987","reported_name":"Varde Fund VI-A, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":3,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":4,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":5,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":6,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series C-2 9.75% Non-Convertible Participating Preferred","published_at":"2019-03-06T20:59:15.000Z","date":"2019-03-05","kind":"other","acquired":true,"shares":25000,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F3","text":"Also pursuant to the Transaction Agreement, the Issuer issued to the Varde Parties 7,750,000 shares of Common Stock as consideration for the amendment and restatement of (i) the Certificate of Designation of Preferences, Rights and Limitations of Series C-1 9.75% Convertible Participating Preferred Stock and Series C-2 9.75% Convertible Participating Preferred Stock (the \"Series C Certificate of Designation\") and (ii) the Certificate of Designation of Preferences, Rights and Limitations of Series D 8.25% Convertible Participating Preferred Stock (the \"Series D Certificate of Designation\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Also pursuant to the Transaction Agreement, the Issuer issued to the Varde Parties 7,750,000 shares of Common Stock as consideration for the amendment and restatement of (i) the Certificate of Designation of Preferences, Rights and Limitations of Series C-1 9.75% Convertible Participating Preferred Stock and Series C-2 9.75% Convertible Participating Preferred Stock (the \"Series C Certificate of Designation\") and (ii) the Certificate of Designation of Preferences, Rights and Limitations of Series D 8.25% Convertible Participating Preferred Stock (the \"Series D Certificate of Designation\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F17","text":"Reflects securities held directly or indirectly by Fund XI, Fund XII, Skyway Fund, Mini-Master, Varde Skyway Fund, VIPO, Fund VI-A and VIP. The Varde Fund XI G.P., LLC (\"Fund XI GP\") is the general partner of Fund XI. The Varde Fund XII G.P., L.P. (\"Fund XII GP\") is the general partner of Fund XII, and The Varde Fund XII UGP, LLC (\"Fund XII UGP\") is the general partner of Fund XII GP. The Varde Skyway Fund G.P., LLC (\"Skyway Fund GP\") is the general partner of Mini-Master and Varde Skyway Fund. Varde Investment Partners G.P., LLC (\"VIP GP\") is the general partner of VIPO. VIP GP is the general partner of Fund VI-A. VIP GP is the general partner of Fund VIP. Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F18","text":"(Continued from Footnote 17) George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Series E Preferred Stock because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities. Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":25000,"source":{"system":"sec-edgar","filing":"0000899243-19-006567","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924319006567/doc4.xml","form_type":"4"}},{"id":3609206,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":139666,"kind":"person","name":"Hicks George G","position":1,"cik":"0001706059","reported_name":"Hicks George G","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142498,"kind":"organization","name":"Varde Fund VI-A, L.P.","position":2,"cik":"0001704987","reported_name":"Varde Fund VI-A, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":3,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":4,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":5,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":6,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series C-1 9.75% Non-Convertible Participating Preferred","published_at":"2019-03-06T20:59:15.000Z","date":"2019-03-05","kind":"other","acquired":true,"shares":100000,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F3","text":"Also pursuant to the Transaction Agreement, the Issuer issued to the Varde Parties 7,750,000 shares of Common Stock as consideration for the amendment and restatement of (i) the Certificate of Designation of Preferences, Rights and Limitations of Series C-1 9.75% Convertible Participating Preferred Stock and Series C-2 9.75% Convertible Participating Preferred Stock (the \"Series C Certificate of Designation\") and (ii) the Certificate of Designation of Preferences, Rights and Limitations of Series D 8.25% Convertible Participating Preferred Stock (the \"Series D Certificate of Designation\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Also pursuant to the Transaction Agreement, the Issuer issued to the Varde Parties 7,750,000 shares of Common Stock as consideration for the amendment and restatement of (i) the Certificate of Designation of Preferences, Rights and Limitations of Series C-1 9.75% Convertible Participating Preferred Stock and Series C-2 9.75% Convertible Participating Preferred Stock (the \"Series C Certificate of Designation\") and (ii) the Certificate of Designation of Preferences, Rights and Limitations of Series D 8.25% Convertible Participating Preferred Stock (the \"Series D Certificate of Designation\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F17","text":"Reflects securities held directly or indirectly by Fund XI, Fund XII, Skyway Fund, Mini-Master, Varde Skyway Fund, VIPO, Fund VI-A and VIP. The Varde Fund XI G.P., LLC (\"Fund XI GP\") is the general partner of Fund XI. The Varde Fund XII G.P., L.P. (\"Fund XII GP\") is the general partner of Fund XII, and The Varde Fund XII UGP, LLC (\"Fund XII UGP\") is the general partner of Fund XII GP. The Varde Skyway Fund G.P., LLC (\"Skyway Fund GP\") is the general partner of Mini-Master and Varde Skyway Fund. Varde Investment Partners G.P., LLC (\"VIP GP\") is the general partner of VIPO. VIP GP is the general partner of Fund VI-A. VIP GP is the general partner of Fund VIP. Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F18","text":"(Continued from Footnote 17) George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Series E Preferred Stock because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities. Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":100000,"source":{"system":"sec-edgar","filing":"0000899243-19-006567","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924319006567/doc4.xml","form_type":"4"}},{"id":3609205,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":139666,"kind":"person","name":"Hicks George G","position":1,"cik":"0001706059","reported_name":"Hicks George G","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142498,"kind":"organization","name":"Varde Fund VI-A, L.P.","position":2,"cik":"0001704987","reported_name":"Varde Fund VI-A, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":3,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":4,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":5,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":6,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock","published_at":"2019-03-06T20:59:15.000Z","date":"2019-03-05","kind":"other","acquired":true,"shares":17641638,"price":1.88,"value":33166279.44,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Pursuant to the Transaction Agreement, dated as of March 5, 2019 (the \"Transaction Agreement\"), by and among the Issuer and The Varde Fund XI (Master), L.P. (\"Fund XI\"), The Varde Fund XII (Master), L.P. (\"Fund XII\"),  The Varde Skyway Mini-Master Fund, L.P. (\"Mini-Master\"), The Varde Skyway Fund, L.P. (\"Varde Skyway Fund\"), Varde Investment Partners, L.P. (\"VIP\"), Varde Investment Partners (Offshore) Master, L.P. (\"VIPO\") and the Varde Fund VI-A L.P. (\"Fund VI-A\" and, collectively with Fund XI, Fund XII, VIP, VIPO, and Fund VI-A, the \"Varde Parties\"), the Issuer issued to the Varde Parties, as consideration for the termination of the Credit Agreement, dated as of April 26, 2017, by and among the Issuer, the lenders from time to time party thereto, the guarantors from time to time party thereto, Varde Partners, Inc. as lead lender, and Wilmington Trust, National Association, as Administrative Agent for the existing lenders (the \"Term Loan Credit Agreement\"), including the"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(Continued from Footnote 1) cancellation of the convertible debt securities issued thereunder (the \"Convertible Debt\"), and the satisfaction in full of all indebtedness, liabilities and other Obligations (as defined in the Term Loan Credit Agreement), together with accrued and unpaid interest thereon and the Make-Whole Amount (as defined in the Term Loan Credit Agreement), (i) 9,891,638 shares of the Issuer's Common Stock, (ii) 60,000 shares of the Issuer's Series E 8.25% Convertible Participating Preferred Stock (the \"Series E Preferred Stock\"), and (iii) 55,000 shares of the Issuer's Series F 9.00% Participating Preferred Stock (the \"Series F Preferred Stock\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Also pursuant to the Transaction Agreement, the Issuer issued to the Varde Parties 7,750,000 shares of Common Stock as consideration for the amendment and restatement of (i) the Certificate of Designation of Preferences, Rights and Limitations of Series C-1 9.75% Convertible Participating Preferred Stock and Series C-2 9.75% Convertible Participating Preferred Stock (the \"Series C Certificate of Designation\") and (ii) the Certificate of Designation of Preferences, Rights and Limitations of Series D 8.25% Convertible Participating Preferred Stock (the \"Series D Certificate of Designation\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F17","text":"Reflects securities held directly or indirectly by Fund XI, Fund XII, Skyway Fund, Mini-Master, Varde Skyway Fund, VIPO, Fund VI-A and VIP. The Varde Fund XI G.P., LLC (\"Fund XI GP\") is the general partner of Fund XI. The Varde Fund XII G.P., L.P. (\"Fund XII GP\") is the general partner of Fund XII, and The Varde Fund XII UGP, LLC (\"Fund XII UGP\") is the general partner of Fund XII GP. The Varde Skyway Fund G.P., LLC (\"Skyway Fund GP\") is the general partner of Mini-Master and Varde Skyway Fund. Varde Investment Partners G.P., LLC (\"VIP GP\") is the general partner of VIPO. VIP GP is the general partner of Fund VI-A. VIP GP is the general partner of Fund VIP. Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F18","text":"(Continued from Footnote 17) George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Series E Preferred Stock because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities. Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":47594401,"source":{"system":"sec-edgar","filing":"0000899243-19-006567","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924319006567/doc4.xml","form_type":"4"}},{"id":3657416,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":139666,"kind":"person","name":"Hicks George G","position":1,"cik":"0001706059","reported_name":"Hicks George G","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75389,"kind":"organization","name":"Varde Investment Partners (Offshore) Master, L.P.","position":2,"cik":"0001705023","reported_name":"Varde Investment Partners (Offshore) Master, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142498,"kind":"organization","name":"Varde Fund VI-A, L.P.","position":3,"cik":"0001704987","reported_name":"Varde Fund VI-A, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":4,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":5,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":6,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":7,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Convertible Debt","published_at":"2019-02-14T20:30:44.000Z","date":"2018-12-27","kind":"other","acquired":true,"reported_value":2680926.95,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F3","text":"Pursuant to the Assignment and Assumption dated as of December 27, 2018, by and among Skyway Fund and Mini-Master Skyway Fund, and the Assignment and Assumption dated as of December 27, 2018, by and among Skyway Fund and Varde Skyway Fund (collectively, the \"Term Loan Assignments and Assumptions\"), Skyway Fund assigned all of the Skyway Fund's rights and interest in and to the Credit Agreement, dated as of April 26, 2017, by and among the Issuer, certain subsidiaries of the Issuer, as guarantors, and VIP, VIPO, Fund XII, Fund XI, Skyway Fund and Fund VI-A as lenders (the \"Term Loan Credit Agreement\") to each of Mini-Master Skyway Fund and Varde Skyway Fund and each of Mini-Master Skyway Fund and Varde Skyway Fund, respectively, assumed Skyway Fund's duties and obligations under the Term Loan Credit Agreement."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F11","text":"Pursuant to the Term Loan Assignments and Assumptions, Skyway Fund assigned (i) $11,535,916.05 of principal amount of the Term Loan (as defined in the the Term Loan Credit Agreement) to Mini-Master for no consideration and (ii) $2,680,926.95 in principal amount of the Term Loan to Varde Skyway Fund for no consideration. The amount reported reflects the amount of shares of Common Stock issuable to the Reporting Persons upon conversion of the Term Loan as of October 31, 2018."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Pursuant to the Assignment and Assumption dated as of December 27, 2018, by and among Skyway Fund and Mini-Master Skyway Fund, and the Assignment and Assumption dated as of December 27, 2018, by and among Skyway Fund and Varde Skyway Fund (collectively, the \"Term Loan Assignments and Assumptions\"), Skyway Fund assigned all of the Skyway Fund's rights and interest in and to the Credit Agreement, dated as of April 26, 2017, by and among the Issuer, certain subsidiaries of the Issuer, as guarantors, and VIP, VIPO, Fund XII, Fund XI, Skyway Fund and Fund VI-A as lenders (the \"Term Loan Credit Agreement\") to each of Mini-Master Skyway Fund and Varde Skyway Fund and each of Mini-Master Skyway Fund and Varde Skyway Fund, respectively, assumed Skyway Fund's duties and obligations under the Term Loan Credit Agreement."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F11","text":"Pursuant to the Term Loan Assignments and Assumptions, Skyway Fund assigned (i) $11,535,916.05 of principal amount of the Term Loan (as defined in the the Term Loan Credit Agreement) to Mini-Master for no consideration and (ii) $2,680,926.95 in principal amount of the Term Loan to Varde Skyway Fund for no consideration. The amount reported reflects the amount of shares of Common Stock issuable to the Reporting Persons upon conversion of the Term Loan as of October 31, 2018."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F15","text":"Reflects securities held directly or indirectly by Fund XI, Fund XII, Skyway Fund, Mini-Master, Varde Skyway Fund, VIPO, Fund VI-A and VIP. The Varde Fund XI G.P., LLC (\"Fund XI GP\") is the general partner of Fund XI. The Varde Fund XII G.P., L.P. (\"Fund XII GP\") is the general partner of Fund XII, and The Varde Fund XII UGP, LLC (\"Fund XII UGP\") is the general partner of Fund XII GP. The Varde Skyway Fund G.P., LLC (\"Skyway Fund GP\") is the general partner of Skyway Fund, Mini-Master and Varde Skyway Fund. Varde Investment Partners G.P., LLC (\"VIP GP\") is the general partner of VIPO. VIP GP is the general partner of Fund VI-A. VIP GP is the general partner of Fund VIP. Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F16","text":"(Continued from Footnote 15) George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Series C-1 Preferred Stock, Series C-2 Preferred Stock, the Series D Preferred Stock and the Term Loan because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities. Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F17","text":"(Continued from Footnote 16) each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"derivative":{"exercise_price":5.5,"exercise_date":"2018-10-10","expiration_date":"2021-04-26","underlying":"Common Stock, $0.001 par value","underlying_shares":343573},"source":{"system":"sec-edgar","filing":"0000899243-19-003767","document":"doc5.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":15,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924319003767/doc5.xml","form_type":"5"}},{"id":3657415,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":139666,"kind":"person","name":"Hicks George G","position":1,"cik":"0001706059","reported_name":"Hicks George G","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75389,"kind":"organization","name":"Varde Investment Partners (Offshore) Master, L.P.","position":2,"cik":"0001705023","reported_name":"Varde Investment Partners (Offshore) Master, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142498,"kind":"organization","name":"Varde Fund VI-A, L.P.","position":3,"cik":"0001704987","reported_name":"Varde Fund VI-A, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":4,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":5,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":6,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":7,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Convertible Debt","published_at":"2019-02-14T20:30:44.000Z","date":"2018-12-27","kind":"other","acquired":true,"reported_value":11535916.05,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F3","text":"Pursuant to the Assignment and Assumption dated as of December 27, 2018, by and among Skyway Fund and Mini-Master Skyway Fund, and the Assignment and Assumption dated as of December 27, 2018, by and among Skyway Fund and Varde Skyway Fund (collectively, the \"Term Loan Assignments and Assumptions\"), Skyway Fund assigned all of the Skyway Fund's rights and interest in and to the Credit Agreement, dated as of April 26, 2017, by and among the Issuer, certain subsidiaries of the Issuer, as guarantors, and VIP, VIPO, Fund XII, Fund XI, Skyway Fund and Fund VI-A as lenders (the \"Term Loan Credit Agreement\") to each of Mini-Master Skyway Fund and Varde Skyway Fund and each of Mini-Master Skyway Fund and Varde Skyway Fund, respectively, assumed Skyway Fund's duties and obligations under the Term Loan Credit Agreement."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F11","text":"Pursuant to the Term Loan Assignments and Assumptions, Skyway Fund assigned (i) $11,535,916.05 of principal amount of the Term Loan (as defined in the the Term Loan Credit Agreement) to Mini-Master for no consideration and (ii) $2,680,926.95 in principal amount of the Term Loan to Varde Skyway Fund for no consideration. The amount reported reflects the amount of shares of Common Stock issuable to the Reporting Persons upon conversion of the Term Loan as of October 31, 2018."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Pursuant to the Assignment and Assumption dated as of December 27, 2018, by and among Skyway Fund and Mini-Master Skyway Fund, and the Assignment and Assumption dated as of December 27, 2018, by and among Skyway Fund and Varde Skyway Fund (collectively, the \"Term Loan Assignments and Assumptions\"), Skyway Fund assigned all of the Skyway Fund's rights and interest in and to the Credit Agreement, dated as of April 26, 2017, by and among the Issuer, certain subsidiaries of the Issuer, as guarantors, and VIP, VIPO, Fund XII, Fund XI, Skyway Fund and Fund VI-A as lenders (the \"Term Loan Credit Agreement\") to each of Mini-Master Skyway Fund and Varde Skyway Fund and each of Mini-Master Skyway Fund and Varde Skyway Fund, respectively, assumed Skyway Fund's duties and obligations under the Term Loan Credit Agreement."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F11","text":"Pursuant to the Term Loan Assignments and Assumptions, Skyway Fund assigned (i) $11,535,916.05 of principal amount of the Term Loan (as defined in the the Term Loan Credit Agreement) to Mini-Master for no consideration and (ii) $2,680,926.95 in principal amount of the Term Loan to Varde Skyway Fund for no consideration. The amount reported reflects the amount of shares of Common Stock issuable to the Reporting Persons upon conversion of the Term Loan as of October 31, 2018."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F15","text":"Reflects securities held directly or indirectly by Fund XI, Fund XII, Skyway Fund, Mini-Master, Varde Skyway Fund, VIPO, Fund VI-A and VIP. The Varde Fund XI G.P., LLC (\"Fund XI GP\") is the general partner of Fund XI. The Varde Fund XII G.P., L.P. (\"Fund XII GP\") is the general partner of Fund XII, and The Varde Fund XII UGP, LLC (\"Fund XII UGP\") is the general partner of Fund XII GP. The Varde Skyway Fund G.P., LLC (\"Skyway Fund GP\") is the general partner of Skyway Fund, Mini-Master and Varde Skyway Fund. Varde Investment Partners G.P., LLC (\"VIP GP\") is the general partner of VIPO. VIP GP is the general partner of Fund VI-A. VIP GP is the general partner of Fund VIP. Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F16","text":"(Continued from Footnote 15) George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Series C-1 Preferred Stock, Series C-2 Preferred Stock, the Series D Preferred Stock and the Term Loan because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities. Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F17","text":"(Continued from Footnote 16) each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"derivative":{"exercise_price":5.5,"exercise_date":"2018-10-10","expiration_date":"2021-04-26","underlying":"Common Stock, $0.001 par value","underlying_shares":1478385},"source":{"system":"sec-edgar","filing":"0000899243-19-003767","document":"doc5.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":14,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924319003767/doc5.xml","form_type":"5"}},{"id":3657414,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":139666,"kind":"person","name":"Hicks George G","position":1,"cik":"0001706059","reported_name":"Hicks George G","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75389,"kind":"organization","name":"Varde Investment Partners (Offshore) Master, L.P.","position":2,"cik":"0001705023","reported_name":"Varde Investment Partners (Offshore) Master, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142498,"kind":"organization","name":"Varde Fund VI-A, L.P.","position":3,"cik":"0001704987","reported_name":"Varde Fund VI-A, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":4,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":5,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":6,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":7,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Convertible Debt","published_at":"2019-02-14T20:30:44.000Z","date":"2018-12-27","kind":"other","acquired":false,"reported_value":14216843,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F3","text":"Pursuant to the Assignment and Assumption dated as of December 27, 2018, by and among Skyway Fund and Mini-Master Skyway Fund, and the Assignment and Assumption dated as of December 27, 2018, by and among Skyway Fund and Varde Skyway Fund (collectively, the \"Term Loan Assignments and Assumptions\"), Skyway Fund assigned all of the Skyway Fund's rights and interest in and to the Credit Agreement, dated as of April 26, 2017, by and among the Issuer, certain subsidiaries of the Issuer, as guarantors, and VIP, VIPO, Fund XII, Fund XI, Skyway Fund and Fund VI-A as lenders (the \"Term Loan Credit Agreement\") to each of Mini-Master Skyway Fund and Varde Skyway Fund and each of Mini-Master Skyway Fund and Varde Skyway Fund, respectively, assumed Skyway Fund's duties and obligations under the Term Loan Credit Agreement."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F11","text":"Pursuant to the Term Loan Assignments and Assumptions, Skyway Fund assigned (i) $11,535,916.05 of principal amount of the Term Loan (as defined in the the Term Loan Credit Agreement) to Mini-Master for no consideration and (ii) $2,680,926.95 in principal amount of the Term Loan to Varde Skyway Fund for no consideration. The amount reported reflects the amount of shares of Common Stock issuable to the Reporting Persons upon conversion of the Term Loan as of October 31, 2018."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Pursuant to the Assignment and Assumption dated as of December 27, 2018, by and among Skyway Fund and Mini-Master Skyway Fund, and the Assignment and Assumption dated as of December 27, 2018, by and among Skyway Fund and Varde Skyway Fund (collectively, the \"Term Loan Assignments and Assumptions\"), Skyway Fund assigned all of the Skyway Fund's rights and interest in and to the Credit Agreement, dated as of April 26, 2017, by and among the Issuer, certain subsidiaries of the Issuer, as guarantors, and VIP, VIPO, Fund XII, Fund XI, Skyway Fund and Fund VI-A as lenders (the \"Term Loan Credit Agreement\") to each of Mini-Master Skyway Fund and Varde Skyway Fund and each of Mini-Master Skyway Fund and Varde Skyway Fund, respectively, assumed Skyway Fund's duties and obligations under the Term Loan Credit Agreement."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F11","text":"Pursuant to the Term Loan Assignments and Assumptions, Skyway Fund assigned (i) $11,535,916.05 of principal amount of the Term Loan (as defined in the the Term Loan Credit Agreement) to Mini-Master for no consideration and (ii) $2,680,926.95 in principal amount of the Term Loan to Varde Skyway Fund for no consideration. The amount reported reflects the amount of shares of Common Stock issuable to the Reporting Persons upon conversion of the Term Loan as of October 31, 2018."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F15","text":"Reflects securities held directly or indirectly by Fund XI, Fund XII, Skyway Fund, Mini-Master, Varde Skyway Fund, VIPO, Fund VI-A and VIP. The Varde Fund XI G.P., LLC (\"Fund XI GP\") is the general partner of Fund XI. The Varde Fund XII G.P., L.P. (\"Fund XII GP\") is the general partner of Fund XII, and The Varde Fund XII UGP, LLC (\"Fund XII UGP\") is the general partner of Fund XII GP. The Varde Skyway Fund G.P., LLC (\"Skyway Fund GP\") is the general partner of Skyway Fund, Mini-Master and Varde Skyway Fund. Varde Investment Partners G.P., LLC (\"VIP GP\") is the general partner of VIPO. VIP GP is the general partner of Fund VI-A. VIP GP is the general partner of Fund VIP. Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F16","text":"(Continued from Footnote 15) George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Series C-1 Preferred Stock, Series C-2 Preferred Stock, the Series D Preferred Stock and the Term Loan because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities. Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F17","text":"(Continued from Footnote 16) each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"derivative":{"exercise_price":5.5,"exercise_date":"2018-10-10","expiration_date":"2021-04-26","underlying":"Common Stock, $0.001 par value","underlying_shares":1821958},"source":{"system":"sec-edgar","filing":"0000899243-19-003767","document":"doc5.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":13,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924319003767/doc5.xml","form_type":"5"}},{"id":3657413,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":139666,"kind":"person","name":"Hicks George G","position":1,"cik":"0001706059","reported_name":"Hicks George G","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75389,"kind":"organization","name":"Varde Investment Partners (Offshore) Master, L.P.","position":2,"cik":"0001705023","reported_name":"Varde Investment Partners (Offshore) Master, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142498,"kind":"organization","name":"Varde Fund VI-A, L.P.","position":3,"cik":"0001704987","reported_name":"Varde Fund VI-A, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":4,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":5,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":6,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":7,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series D 8.25% Convertible Participating Preferred Stock","published_at":"2019-02-14T20:30:44.000Z","date":"2018-12-26","kind":"other","acquired":true,"shares":962,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F1","text":"Pursuant to the Assignment and Assumption Agreement, dated as of December 26, 2018 (the \"Common and Preferred Stock Assignment and Assumption Agreement\"), by and among The Varde Skyway Master Fund, L.P. (\"Skyway Fund\"), The Varde Skyway Mini-Master Fund, L.P. (\"Mini-Master\") and The Varde Skyway Fund, L.P. (\"Varde Skyway Fund\"), Skyway Fund assigned all of the Skyway Fund's rights and interest in and to the Securities Purchase Agreement, dated as of January 30, 2018 (the \"Securities Purchase Agreement\"), by and among the Issuer and The Varde Fund XI (Master), L.P. (\"Fund XI\"), The Varde Fund XII (Master), L.P. (\"Fund XII\"), Skyway Fund, Varde Investment Partners, L.P. (\"VIP\"), Varde Investment Partners (Offshore) Master, L.P. (\"VIPO\") and the Varde Fund VI-A L.P. (\"Fund VI-A\" and, collectively with Fund XI, Fund XII, VIP, VIPO, and Fund VI-A, the \"Varde Parties\"), the Registration Rights Agreement, dated as of April 26, 2017,"},{"field":"price","element":"transactionPricePerShare","label":"F2","text":"(Continued from Footnote 1) by and among the Issuer and the Varde Parties (the \"Registration Rights Agreement\"), the Transaction Agreement, dated as of October 10, 2018 (the \"Transaction Agreement\"), by and among the Issuer and the Varde Parties, and the Registration Rights Agreement, dated as of October 10, 2018, by and among the Issuer and the Varde Parties (the \"October 10, 2018 Registration Rights Agreement\") to each of Mini-Master Skyway Fund and Varde Skyway Fund and each of Mini-Master Skyway Fund and Varde Skyway Fund, respectively, assumed Skyway Fund's duties and obligations under each of the Securities Purchase Agreement, the Registration Rights Agreement, the Transaction Agreement and the October 10, 2018 Registration Rights Agreement."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F14","text":"The Series D Preferred Stock is perpetual and has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F9","text":"Pursuant to the Common Stock and Preferred Stock Assignment and Assumption Agreement, Skyway Fund assigned (i) 4,141 shares of Series D 8.25% Convertible Participating Preferred Stock (\"Series D Preferred Stock\") to Mini-Master for no consideration and (ii) 962 shares of Series D Preferred Stock to Varde Skyway Fund for no consideration. The assignment of the securities may not be considered a sale of securities under Section 16(b). The amount reported reflects the amount of shares of Common Stock issuable upon conversion of the Series D Preferred Stock. The Issuer has the right to redeem the Series D Preferred Stock, in whole or in part at any time (subject to certain limitations on partial redemptions), at a price per share equal to (i) stated value of $1,000, subject to increase in connection with the payment of dividends (the \"Series D Stated Value\") then in effect multiplied by 117.5%, plus (ii) accrued and unpaid dividends thereon and any other amounts payable by"},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F10","text":"(Continued from Footnote 9) the Issuer in respect thereof (the \"Series D Optional Redemption Amount\"). Each share of Series D Preferred Stock is convertible at any time at the option of the holder into a number of shares of Common Stock equal to (i) the applicable Series D Optional Redemption Amount divided by (ii) a conversion price of $5.50, subject to adjustment (the \"Series D Conversion Price\"). Following the Closing Date, the aggregate number of shares of Series D Preferred Stock became immediately convertible into 8,386,082 shares of Common Stock, based on an initial Series D Conversion Price of $5.50 and the initial Series D Optional Redemption Amount of 117.5% of the Series D Stated Value."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Pursuant to the Assignment and Assumption Agreement, dated as of December 26, 2018 (the \"Common and Preferred Stock Assignment and Assumption Agreement\"), by and among The Varde Skyway Master Fund, L.P. (\"Skyway Fund\"), The Varde Skyway Mini-Master Fund, L.P. (\"Mini-Master\") and The Varde Skyway Fund, L.P. (\"Varde Skyway Fund\"), Skyway Fund assigned all of the Skyway Fund's rights and interest in and to the Securities Purchase Agreement, dated as of January 30, 2018 (the \"Securities Purchase Agreement\"), by and among the Issuer and The Varde Fund XI (Master), L.P. (\"Fund XI\"), The Varde Fund XII (Master), L.P. (\"Fund XII\"), Skyway Fund, Varde Investment Partners, L.P. (\"VIP\"), Varde Investment Partners (Offshore) Master, L.P. (\"VIPO\") and the Varde Fund VI-A L.P. (\"Fund VI-A\" and, collectively with Fund XI, Fund XII, VIP, VIPO, and Fund VI-A, the \"Varde Parties\"), the Registration Rights Agreement, dated as of April 26, 2017,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(Continued from Footnote 1) by and among the Issuer and the Varde Parties (the \"Registration Rights Agreement\"), the Transaction Agreement, dated as of October 10, 2018 (the \"Transaction Agreement\"), by and among the Issuer and the Varde Parties, and the Registration Rights Agreement, dated as of October 10, 2018, by and among the Issuer and the Varde Parties (the \"October 10, 2018 Registration Rights Agreement\") to each of Mini-Master Skyway Fund and Varde Skyway Fund and each of Mini-Master Skyway Fund and Varde Skyway Fund, respectively, assumed Skyway Fund's duties and obligations under each of the Securities Purchase Agreement, the Registration Rights Agreement, the Transaction Agreement and the October 10, 2018 Registration Rights Agreement."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F9","text":"Pursuant to the Common Stock and Preferred Stock Assignment and Assumption Agreement, Skyway Fund assigned (i) 4,141 shares of Series D 8.25% Convertible Participating Preferred Stock (\"Series D Preferred Stock\") to Mini-Master for no consideration and (ii) 962 shares of Series D Preferred Stock to Varde Skyway Fund for no consideration. The assignment of the securities may not be considered a sale of securities under Section 16(b). The amount reported reflects the amount of shares of Common Stock issuable upon conversion of the Series D Preferred Stock. The Issuer has the right to redeem the Series D Preferred Stock, in whole or in part at any time (subject to certain limitations on partial redemptions), at a price per share equal to (i) stated value of $1,000, subject to increase in connection with the payment of dividends (the \"Series D Stated Value\") then in effect multiplied by 117.5%, plus (ii) accrued and unpaid dividends thereon and any other amounts payable by"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F10","text":"(Continued from Footnote 9) the Issuer in respect thereof (the \"Series D Optional Redemption Amount\"). Each share of Series D Preferred Stock is convertible at any time at the option of the holder into a number of shares of Common Stock equal to (i) the applicable Series D Optional Redemption Amount divided by (ii) a conversion price of $5.50, subject to adjustment (the \"Series D Conversion Price\"). Following the Closing Date, the aggregate number of shares of Series D Preferred Stock became immediately convertible into 8,386,082 shares of Common Stock, based on an initial Series D Conversion Price of $5.50 and the initial Series D Optional Redemption Amount of 117.5% of the Series D Stated Value."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F15","text":"Reflects securities held directly or indirectly by Fund XI, Fund XII, Skyway Fund, Mini-Master, Varde Skyway Fund, VIPO, Fund VI-A and VIP. The Varde Fund XI G.P., LLC (\"Fund XI GP\") is the general partner of Fund XI. The Varde Fund XII G.P., L.P. (\"Fund XII GP\") is the general partner of Fund XII, and The Varde Fund XII UGP, LLC (\"Fund XII UGP\") is the general partner of Fund XII GP. The Varde Skyway Fund G.P., LLC (\"Skyway Fund GP\") is the general partner of Skyway Fund, Mini-Master and Varde Skyway Fund. Varde Investment Partners G.P., LLC (\"VIP GP\") is the general partner of VIPO. VIP GP is the general partner of Fund VI-A. VIP GP is the general partner of Fund VIP. Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F16","text":"(Continued from Footnote 15) George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Series C-1 Preferred Stock, Series C-2 Preferred Stock, the Series D Preferred Stock and the Term Loan because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities. Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F17","text":"(Continued from Footnote 16) each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":39254,"derivative":{"exercise_price":5.5,"exercise_date":"2018-10-10","underlying":"Common Stock, $0.001 par value","underlying_shares":195528},"source":{"system":"sec-edgar","filing":"0000899243-19-003767","document":"doc5.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":12,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924319003767/doc5.xml","form_type":"5"}},{"id":3657412,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":139666,"kind":"person","name":"Hicks George G","position":1,"cik":"0001706059","reported_name":"Hicks George G","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75389,"kind":"organization","name":"Varde Investment Partners (Offshore) Master, L.P.","position":2,"cik":"0001705023","reported_name":"Varde Investment Partners (Offshore) Master, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142498,"kind":"organization","name":"Varde Fund VI-A, L.P.","position":3,"cik":"0001704987","reported_name":"Varde Fund VI-A, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":4,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":5,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":6,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":7,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series D 8.25% Convertible Participating Preferred Stock","published_at":"2019-02-14T20:30:44.000Z","date":"2018-12-26","kind":"other","acquired":true,"shares":4141,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F1","text":"Pursuant to the Assignment and Assumption Agreement, dated as of December 26, 2018 (the \"Common and Preferred Stock Assignment and Assumption Agreement\"), by and among The Varde Skyway Master Fund, L.P. (\"Skyway Fund\"), The Varde Skyway Mini-Master Fund, L.P. (\"Mini-Master\") and The Varde Skyway Fund, L.P. (\"Varde Skyway Fund\"), Skyway Fund assigned all of the Skyway Fund's rights and interest in and to the Securities Purchase Agreement, dated as of January 30, 2018 (the \"Securities Purchase Agreement\"), by and among the Issuer and The Varde Fund XI (Master), L.P. (\"Fund XI\"), The Varde Fund XII (Master), L.P. (\"Fund XII\"), Skyway Fund, Varde Investment Partners, L.P. (\"VIP\"), Varde Investment Partners (Offshore) Master, L.P. (\"VIPO\") and the Varde Fund VI-A L.P. (\"Fund VI-A\" and, collectively with Fund XI, Fund XII, VIP, VIPO, and Fund VI-A, the \"Varde Parties\"), the Registration Rights Agreement, dated as of April 26, 2017,"},{"field":"price","element":"transactionPricePerShare","label":"F2","text":"(Continued from Footnote 1) by and among the Issuer and the Varde Parties (the \"Registration Rights Agreement\"), the Transaction Agreement, dated as of October 10, 2018 (the \"Transaction Agreement\"), by and among the Issuer and the Varde Parties, and the Registration Rights Agreement, dated as of October 10, 2018, by and among the Issuer and the Varde Parties (the \"October 10, 2018 Registration Rights Agreement\") to each of Mini-Master Skyway Fund and Varde Skyway Fund and each of Mini-Master Skyway Fund and Varde Skyway Fund, respectively, assumed Skyway Fund's duties and obligations under each of the Securities Purchase Agreement, the Registration Rights Agreement, the Transaction Agreement and the October 10, 2018 Registration Rights Agreement."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F14","text":"The Series D Preferred Stock is perpetual and has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F9","text":"Pursuant to the Common Stock and Preferred Stock Assignment and Assumption Agreement, Skyway Fund assigned (i) 4,141 shares of Series D 8.25% Convertible Participating Preferred Stock (\"Series D Preferred Stock\") to Mini-Master for no consideration and (ii) 962 shares of Series D Preferred Stock to Varde Skyway Fund for no consideration. The assignment of the securities may not be considered a sale of securities under Section 16(b). The amount reported reflects the amount of shares of Common Stock issuable upon conversion of the Series D Preferred Stock. The Issuer has the right to redeem the Series D Preferred Stock, in whole or in part at any time (subject to certain limitations on partial redemptions), at a price per share equal to (i) stated value of $1,000, subject to increase in connection with the payment of dividends (the \"Series D Stated Value\") then in effect multiplied by 117.5%, plus (ii) accrued and unpaid dividends thereon and any other amounts payable by"},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F10","text":"(Continued from Footnote 9) the Issuer in respect thereof (the \"Series D Optional Redemption Amount\"). Each share of Series D Preferred Stock is convertible at any time at the option of the holder into a number of shares of Common Stock equal to (i) the applicable Series D Optional Redemption Amount divided by (ii) a conversion price of $5.50, subject to adjustment (the \"Series D Conversion Price\"). Following the Closing Date, the aggregate number of shares of Series D Preferred Stock became immediately convertible into 8,386,082 shares of Common Stock, based on an initial Series D Conversion Price of $5.50 and the initial Series D Optional Redemption Amount of 117.5% of the Series D Stated Value."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Pursuant to the Assignment and Assumption Agreement, dated as of December 26, 2018 (the \"Common and Preferred Stock Assignment and Assumption Agreement\"), by and among The Varde Skyway Master Fund, L.P. (\"Skyway Fund\"), The Varde Skyway Mini-Master Fund, L.P. (\"Mini-Master\") and The Varde Skyway Fund, L.P. (\"Varde Skyway Fund\"), Skyway Fund assigned all of the Skyway Fund's rights and interest in and to the Securities Purchase Agreement, dated as of January 30, 2018 (the \"Securities Purchase Agreement\"), by and among the Issuer and The Varde Fund XI (Master), L.P. (\"Fund XI\"), The Varde Fund XII (Master), L.P. (\"Fund XII\"), Skyway Fund, Varde Investment Partners, L.P. (\"VIP\"), Varde Investment Partners (Offshore) Master, L.P. (\"VIPO\") and the Varde Fund VI-A L.P. (\"Fund VI-A\" and, collectively with Fund XI, Fund XII, VIP, VIPO, and Fund VI-A, the \"Varde Parties\"), the Registration Rights Agreement, dated as of April 26, 2017,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(Continued from Footnote 1) by and among the Issuer and the Varde Parties (the \"Registration Rights Agreement\"), the Transaction Agreement, dated as of October 10, 2018 (the \"Transaction Agreement\"), by and among the Issuer and the Varde Parties, and the Registration Rights Agreement, dated as of October 10, 2018, by and among the Issuer and the Varde Parties (the \"October 10, 2018 Registration Rights Agreement\") to each of Mini-Master Skyway Fund and Varde Skyway Fund and each of Mini-Master Skyway Fund and Varde Skyway Fund, respectively, assumed Skyway Fund's duties and obligations under each of the Securities Purchase Agreement, the Registration Rights Agreement, the Transaction Agreement and the October 10, 2018 Registration Rights Agreement."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F9","text":"Pursuant to the Common Stock and Preferred Stock Assignment and Assumption Agreement, Skyway Fund assigned (i) 4,141 shares of Series D 8.25% Convertible Participating Preferred Stock (\"Series D Preferred Stock\") to Mini-Master for no consideration and (ii) 962 shares of Series D Preferred Stock to Varde Skyway Fund for no consideration. The assignment of the securities may not be considered a sale of securities under Section 16(b). The amount reported reflects the amount of shares of Common Stock issuable upon conversion of the Series D Preferred Stock. The Issuer has the right to redeem the Series D Preferred Stock, in whole or in part at any time (subject to certain limitations on partial redemptions), at a price per share equal to (i) stated value of $1,000, subject to increase in connection with the payment of dividends (the \"Series D Stated Value\") then in effect multiplied by 117.5%, plus (ii) accrued and unpaid dividends thereon and any other amounts payable by"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F10","text":"(Continued from Footnote 9) the Issuer in respect thereof (the \"Series D Optional Redemption Amount\"). Each share of Series D Preferred Stock is convertible at any time at the option of the holder into a number of shares of Common Stock equal to (i) the applicable Series D Optional Redemption Amount divided by (ii) a conversion price of $5.50, subject to adjustment (the \"Series D Conversion Price\"). Following the Closing Date, the aggregate number of shares of Series D Preferred Stock became immediately convertible into 8,386,082 shares of Common Stock, based on an initial Series D Conversion Price of $5.50 and the initial Series D Optional Redemption Amount of 117.5% of the Series D Stated Value."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F15","text":"Reflects securities held directly or indirectly by Fund XI, Fund XII, Skyway Fund, Mini-Master, Varde Skyway Fund, VIPO, Fund VI-A and VIP. The Varde Fund XI G.P., LLC (\"Fund XI GP\") is the general partner of Fund XI. The Varde Fund XII G.P., L.P. (\"Fund XII GP\") is the general partner of Fund XII, and The Varde Fund XII UGP, LLC (\"Fund XII UGP\") is the general partner of Fund XII GP. The Varde Skyway Fund G.P., LLC (\"Skyway Fund GP\") is the general partner of Skyway Fund, Mini-Master and Varde Skyway Fund. Varde Investment Partners G.P., LLC (\"VIP GP\") is the general partner of VIPO. VIP GP is the general partner of Fund VI-A. VIP GP is the general partner of Fund VIP. Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F16","text":"(Continued from Footnote 15) George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Series C-1 Preferred Stock, Series C-2 Preferred Stock, the Series D Preferred Stock and the Term Loan because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities. Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F17","text":"(Continued from Footnote 16) each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":39254,"derivative":{"exercise_price":5.5,"exercise_date":"2018-10-10","underlying":"Common Stock, $0.001 par value","underlying_shares":841667},"source":{"system":"sec-edgar","filing":"0000899243-19-003767","document":"doc5.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":11,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924319003767/doc5.xml","form_type":"5"}},{"id":3657411,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":139666,"kind":"person","name":"Hicks George G","position":1,"cik":"0001706059","reported_name":"Hicks George G","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75389,"kind":"organization","name":"Varde Investment Partners (Offshore) Master, L.P.","position":2,"cik":"0001705023","reported_name":"Varde Investment Partners (Offshore) Master, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142498,"kind":"organization","name":"Varde Fund VI-A, L.P.","position":3,"cik":"0001704987","reported_name":"Varde Fund VI-A, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":4,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":5,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":6,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":7,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series D 8.25% Convertible Participating Preferred Stock","published_at":"2019-02-14T20:30:44.000Z","date":"2018-12-26","kind":"other","acquired":false,"shares":5103,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F1","text":"Pursuant to the Assignment and Assumption Agreement, dated as of December 26, 2018 (the \"Common and Preferred Stock Assignment and Assumption Agreement\"), by and among The Varde Skyway Master Fund, L.P. (\"Skyway Fund\"), The Varde Skyway Mini-Master Fund, L.P. (\"Mini-Master\") and The Varde Skyway Fund, L.P. (\"Varde Skyway Fund\"), Skyway Fund assigned all of the Skyway Fund's rights and interest in and to the Securities Purchase Agreement, dated as of January 30, 2018 (the \"Securities Purchase Agreement\"), by and among the Issuer and The Varde Fund XI (Master), L.P. (\"Fund XI\"), The Varde Fund XII (Master), L.P. (\"Fund XII\"), Skyway Fund, Varde Investment Partners, L.P. (\"VIP\"), Varde Investment Partners (Offshore) Master, L.P. (\"VIPO\") and the Varde Fund VI-A L.P. (\"Fund VI-A\" and, collectively with Fund XI, Fund XII, VIP, VIPO, and Fund VI-A, the \"Varde Parties\"), the Registration Rights Agreement, dated as of April 26, 2017,"},{"field":"price","element":"transactionPricePerShare","label":"F2","text":"(Continued from Footnote 1) by and among the Issuer and the Varde Parties (the \"Registration Rights Agreement\"), the Transaction Agreement, dated as of October 10, 2018 (the \"Transaction Agreement\"), by and among the Issuer and the Varde Parties, and the Registration Rights Agreement, dated as of October 10, 2018, by and among the Issuer and the Varde Parties (the \"October 10, 2018 Registration Rights Agreement\") to each of Mini-Master Skyway Fund and Varde Skyway Fund and each of Mini-Master Skyway Fund and Varde Skyway Fund, respectively, assumed Skyway Fund's duties and obligations under each of the Securities Purchase Agreement, the Registration Rights Agreement, the Transaction Agreement and the October 10, 2018 Registration Rights Agreement."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F14","text":"The Series D Preferred Stock is perpetual and has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F9","text":"Pursuant to the Common Stock and Preferred Stock Assignment and Assumption Agreement, Skyway Fund assigned (i) 4,141 shares of Series D 8.25% Convertible Participating Preferred Stock (\"Series D Preferred Stock\") to Mini-Master for no consideration and (ii) 962 shares of Series D Preferred Stock to Varde Skyway Fund for no consideration. The assignment of the securities may not be considered a sale of securities under Section 16(b). The amount reported reflects the amount of shares of Common Stock issuable upon conversion of the Series D Preferred Stock. The Issuer has the right to redeem the Series D Preferred Stock, in whole or in part at any time (subject to certain limitations on partial redemptions), at a price per share equal to (i) stated value of $1,000, subject to increase in connection with the payment of dividends (the \"Series D Stated Value\") then in effect multiplied by 117.5%, plus (ii) accrued and unpaid dividends thereon and any other amounts payable by"},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F10","text":"(Continued from Footnote 9) the Issuer in respect thereof (the \"Series D Optional Redemption Amount\"). Each share of Series D Preferred Stock is convertible at any time at the option of the holder into a number of shares of Common Stock equal to (i) the applicable Series D Optional Redemption Amount divided by (ii) a conversion price of $5.50, subject to adjustment (the \"Series D Conversion Price\"). Following the Closing Date, the aggregate number of shares of Series D Preferred Stock became immediately convertible into 8,386,082 shares of Common Stock, based on an initial Series D Conversion Price of $5.50 and the initial Series D Optional Redemption Amount of 117.5% of the Series D Stated Value."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Pursuant to the Assignment and Assumption Agreement, dated as of December 26, 2018 (the \"Common and Preferred Stock Assignment and Assumption Agreement\"), by and among The Varde Skyway Master Fund, L.P. (\"Skyway Fund\"), The Varde Skyway Mini-Master Fund, L.P. (\"Mini-Master\") and The Varde Skyway Fund, L.P. (\"Varde Skyway Fund\"), Skyway Fund assigned all of the Skyway Fund's rights and interest in and to the Securities Purchase Agreement, dated as of January 30, 2018 (the \"Securities Purchase Agreement\"), by and among the Issuer and The Varde Fund XI (Master), L.P. (\"Fund XI\"), The Varde Fund XII (Master), L.P. (\"Fund XII\"), Skyway Fund, Varde Investment Partners, L.P. (\"VIP\"), Varde Investment Partners (Offshore) Master, L.P. (\"VIPO\") and the Varde Fund VI-A L.P. (\"Fund VI-A\" and, collectively with Fund XI, Fund XII, VIP, VIPO, and Fund VI-A, the \"Varde Parties\"), the Registration Rights Agreement, dated as of April 26, 2017,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(Continued from Footnote 1) by and among the Issuer and the Varde Parties (the \"Registration Rights Agreement\"), the Transaction Agreement, dated as of October 10, 2018 (the \"Transaction Agreement\"), by and among the Issuer and the Varde Parties, and the Registration Rights Agreement, dated as of October 10, 2018, by and among the Issuer and the Varde Parties (the \"October 10, 2018 Registration Rights Agreement\") to each of Mini-Master Skyway Fund and Varde Skyway Fund and each of Mini-Master Skyway Fund and Varde Skyway Fund, respectively, assumed Skyway Fund's duties and obligations under each of the Securities Purchase Agreement, the Registration Rights Agreement, the Transaction Agreement and the October 10, 2018 Registration Rights Agreement."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F9","text":"Pursuant to the Common Stock and Preferred Stock Assignment and Assumption Agreement, Skyway Fund assigned (i) 4,141 shares of Series D 8.25% Convertible Participating Preferred Stock (\"Series D Preferred Stock\") to Mini-Master for no consideration and (ii) 962 shares of Series D Preferred Stock to Varde Skyway Fund for no consideration. The assignment of the securities may not be considered a sale of securities under Section 16(b). The amount reported reflects the amount of shares of Common Stock issuable upon conversion of the Series D Preferred Stock. The Issuer has the right to redeem the Series D Preferred Stock, in whole or in part at any time (subject to certain limitations on partial redemptions), at a price per share equal to (i) stated value of $1,000, subject to increase in connection with the payment of dividends (the \"Series D Stated Value\") then in effect multiplied by 117.5%, plus (ii) accrued and unpaid dividends thereon and any other amounts payable by"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F10","text":"(Continued from Footnote 9) the Issuer in respect thereof (the \"Series D Optional Redemption Amount\"). Each share of Series D Preferred Stock is convertible at any time at the option of the holder into a number of shares of Common Stock equal to (i) the applicable Series D Optional Redemption Amount divided by (ii) a conversion price of $5.50, subject to adjustment (the \"Series D Conversion Price\"). Following the Closing Date, the aggregate number of shares of Series D Preferred Stock became immediately convertible into 8,386,082 shares of Common Stock, based on an initial Series D Conversion Price of $5.50 and the initial Series D Optional Redemption Amount of 117.5% of the Series D Stated Value."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F15","text":"Reflects securities held directly or indirectly by Fund XI, Fund XII, Skyway Fund, Mini-Master, Varde Skyway Fund, VIPO, Fund VI-A and VIP. The Varde Fund XI G.P., LLC (\"Fund XI GP\") is the general partner of Fund XI. The Varde Fund XII G.P., L.P. (\"Fund XII GP\") is the general partner of Fund XII, and The Varde Fund XII UGP, LLC (\"Fund XII UGP\") is the general partner of Fund XII GP. The Varde Skyway Fund G.P., LLC (\"Skyway Fund GP\") is the general partner of Skyway Fund, Mini-Master and Varde Skyway Fund. Varde Investment Partners G.P., LLC (\"VIP GP\") is the general partner of VIPO. VIP GP is the general partner of Fund VI-A. VIP GP is the general partner of Fund VIP. Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F16","text":"(Continued from Footnote 15) George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Series C-1 Preferred Stock, Series C-2 Preferred Stock, the Series D Preferred Stock and the Term Loan because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities. Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F17","text":"(Continued from Footnote 16) each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":39254,"derivative":{"exercise_price":5.5,"exercise_date":"2018-10-10","underlying":"Common Stock, $0.001 par value","underlying_shares":1159773},"source":{"system":"sec-edgar","filing":"0000899243-19-003767","document":"doc5.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":10,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924319003767/doc5.xml","form_type":"5"}},{"id":3657410,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":139666,"kind":"person","name":"Hicks George G","position":1,"cik":"0001706059","reported_name":"Hicks George G","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75389,"kind":"organization","name":"Varde Investment Partners (Offshore) Master, L.P.","position":2,"cik":"0001705023","reported_name":"Varde Investment Partners (Offshore) Master, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142498,"kind":"organization","name":"Varde Fund VI-A, L.P.","position":3,"cik":"0001704987","reported_name":"Varde Fund VI-A, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":4,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":5,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":6,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":7,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series C-2 9.75% Convertible Participating Preferred Stock","published_at":"2019-02-14T20:30:44.000Z","date":"2018-12-26","kind":"other","acquired":true,"shares":613,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F1","text":"Pursuant to the Assignment and Assumption Agreement, dated as of December 26, 2018 (the \"Common and Preferred Stock Assignment and Assumption Agreement\"), by and among The Varde Skyway Master Fund, L.P. (\"Skyway Fund\"), The Varde Skyway Mini-Master Fund, L.P. (\"Mini-Master\") and The Varde Skyway Fund, L.P. (\"Varde Skyway Fund\"), Skyway Fund assigned all of the Skyway Fund's rights and interest in and to the Securities Purchase Agreement, dated as of January 30, 2018 (the \"Securities Purchase Agreement\"), by and among the Issuer and The Varde Fund XI (Master), L.P. (\"Fund XI\"), The Varde Fund XII (Master), L.P. (\"Fund XII\"), Skyway Fund, Varde Investment Partners, L.P. (\"VIP\"), Varde Investment Partners (Offshore) Master, L.P. (\"VIPO\") and the Varde Fund VI-A L.P. (\"Fund VI-A\" and, collectively with Fund XI, Fund XII, VIP, VIPO, and Fund VI-A, the \"Varde Parties\"), the Registration Rights Agreement, dated as of April 26, 2017,"},{"field":"price","element":"transactionPricePerShare","label":"F2","text":"(Continued from Footnote 1) by and among the Issuer and the Varde Parties (the \"Registration Rights Agreement\"), the Transaction Agreement, dated as of October 10, 2018 (the \"Transaction Agreement\"), by and among the Issuer and the Varde Parties, and the Registration Rights Agreement, dated as of October 10, 2018, by and among the Issuer and the Varde Parties (the \"October 10, 2018 Registration Rights Agreement\") to each of Mini-Master Skyway Fund and Varde Skyway Fund and each of Mini-Master Skyway Fund and Varde Skyway Fund, respectively, assumed Skyway Fund's duties and obligations under each of the Securities Purchase Agreement, the Registration Rights Agreement, the Transaction Agreement and the October 10, 2018 Registration Rights Agreement."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F13","text":"The Series C-2 Preferred Stock is perpetual and has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F7","text":"Pursuant to the Common Stock and Preferred Stock Assignment and Assumption Agreement, Skyway Fund assigned (i) 2,637 shares of Series C-2 9.75% Convertible Participating Preferred Stock (\"Series C-2 Preferred Stock\") to Mini-Master for no consideration and (ii) 613 shares Series C-2 Preferred Stock to Varde Skyway Fund for no consideration. The assignment of the securities may not be considered a sale of securities under Section 16(b). The amount reported reflects the amount of shares of Common Stock issuable upon conversion of the Series C-2 Preferred Stock. The Issuer has the right to redeem the Series C-2 Preferred Stock, in whole or in part at any time (subject to certain limitations on partial redemptions), at a price per share equal to (i) stated value of $1,000, subject to increase in connection with the payment of dividends (the \"Series C-2 Stated Value\") then in effect multiplied by (a) 120% if redeemed during 2018, (b) 125% if redeemed during 2019,"},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F8","text":"(Continued from Footnote 7) or (c) 130% if redeemed after 2019 plus (ii) accrued and unpaid dividends thereon and any other amounts payable by the Issuer in respect thereof (the \"Series C-2 Optional Redemption Amount\"). Each share of Series C-2 Preferred Stock is convertible at any time at the option of the holder into a number of shares of Common Stock equal to (i) the applicable Series C-2 Optional Redemption Amount divided by (ii) a conversion price of $6.15, subject to adjustment (the \"Series C-2 Conversion Price\"). Following the closing of the Transaction Agreement (the \"Closing Date\"), the aggregate number of shares of Series C-2 Preferred Stock became immediately convertible into 4,878,049 shares of Common Stock, based on an initial Series C-2 Conversion Price of $6.15 and the initial Series C-2 Optional Redemption Amount of 120% of the Series C-2 Stated Value."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Pursuant to the Assignment and Assumption Agreement, dated as of December 26, 2018 (the \"Common and Preferred Stock Assignment and Assumption Agreement\"), by and among The Varde Skyway Master Fund, L.P. (\"Skyway Fund\"), The Varde Skyway Mini-Master Fund, L.P. (\"Mini-Master\") and The Varde Skyway Fund, L.P. (\"Varde Skyway Fund\"), Skyway Fund assigned all of the Skyway Fund's rights and interest in and to the Securities Purchase Agreement, dated as of January 30, 2018 (the \"Securities Purchase Agreement\"), by and among the Issuer and The Varde Fund XI (Master), L.P. (\"Fund XI\"), The Varde Fund XII (Master), L.P. (\"Fund XII\"), Skyway Fund, Varde Investment Partners, L.P. (\"VIP\"), Varde Investment Partners (Offshore) Master, L.P. (\"VIPO\") and the Varde Fund VI-A L.P. (\"Fund VI-A\" and, collectively with Fund XI, Fund XII, VIP, VIPO, and Fund VI-A, the \"Varde Parties\"), the Registration Rights Agreement, dated as of April 26, 2017,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(Continued from Footnote 1) by and among the Issuer and the Varde Parties (the \"Registration Rights Agreement\"), the Transaction Agreement, dated as of October 10, 2018 (the \"Transaction Agreement\"), by and among the Issuer and the Varde Parties, and the Registration Rights Agreement, dated as of October 10, 2018, by and among the Issuer and the Varde Parties (the \"October 10, 2018 Registration Rights Agreement\") to each of Mini-Master Skyway Fund and Varde Skyway Fund and each of Mini-Master Skyway Fund and Varde Skyway Fund, respectively, assumed Skyway Fund's duties and obligations under each of the Securities Purchase Agreement, the Registration Rights Agreement, the Transaction Agreement and the October 10, 2018 Registration Rights Agreement."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F7","text":"Pursuant to the Common Stock and Preferred Stock Assignment and Assumption Agreement, Skyway Fund assigned (i) 2,637 shares of Series C-2 9.75% Convertible Participating Preferred Stock (\"Series C-2 Preferred Stock\") to Mini-Master for no consideration and (ii) 613 shares Series C-2 Preferred Stock to Varde Skyway Fund for no consideration. The assignment of the securities may not be considered a sale of securities under Section 16(b). The amount reported reflects the amount of shares of Common Stock issuable upon conversion of the Series C-2 Preferred Stock. The Issuer has the right to redeem the Series C-2 Preferred Stock, in whole or in part at any time (subject to certain limitations on partial redemptions), at a price per share equal to (i) stated value of $1,000, subject to increase in connection with the payment of dividends (the \"Series C-2 Stated Value\") then in effect multiplied by (a) 120% if redeemed during 2018, (b) 125% if redeemed during 2019,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F8","text":"(Continued from Footnote 7) or (c) 130% if redeemed after 2019 plus (ii) accrued and unpaid dividends thereon and any other amounts payable by the Issuer in respect thereof (the \"Series C-2 Optional Redemption Amount\"). Each share of Series C-2 Preferred Stock is convertible at any time at the option of the holder into a number of shares of Common Stock equal to (i) the applicable Series C-2 Optional Redemption Amount divided by (ii) a conversion price of $6.15, subject to adjustment (the \"Series C-2 Conversion Price\"). Following the closing of the Transaction Agreement (the \"Closing Date\"), the aggregate number of shares of Series C-2 Preferred Stock became immediately convertible into 4,878,049 shares of Common Stock, based on an initial Series C-2 Conversion Price of $6.15 and the initial Series C-2 Optional Redemption Amount of 120% of the Series C-2 Stated Value."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F15","text":"Reflects securities held directly or indirectly by Fund XI, Fund XII, Skyway Fund, Mini-Master, Varde Skyway Fund, VIPO, Fund VI-A and VIP. The Varde Fund XI G.P., LLC (\"Fund XI GP\") is the general partner of Fund XI. The Varde Fund XII G.P., L.P. (\"Fund XII GP\") is the general partner of Fund XII, and The Varde Fund XII UGP, LLC (\"Fund XII UGP\") is the general partner of Fund XII GP. The Varde Skyway Fund G.P., LLC (\"Skyway Fund GP\") is the general partner of Skyway Fund, Mini-Master and Varde Skyway Fund. Varde Investment Partners G.P., LLC (\"VIP GP\") is the general partner of VIPO. VIP GP is the general partner of Fund VI-A. VIP GP is the general partner of Fund VIP. Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F16","text":"(Continued from Footnote 15) George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Series C-1 Preferred Stock, Series C-2 Preferred Stock, the Series D Preferred Stock and the Term Loan because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities. Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F17","text":"(Continued from Footnote 16) each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":25000,"derivative":{"exercise_price":6.15,"exercise_date":"2018-10-10","underlying":"Common Stock, $0.001 par value","underlying_shares":124593},"source":{"system":"sec-edgar","filing":"0000899243-19-003767","document":"doc5.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":9,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924319003767/doc5.xml","form_type":"5"}},{"id":3657409,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":139666,"kind":"person","name":"Hicks George G","position":1,"cik":"0001706059","reported_name":"Hicks George G","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75389,"kind":"organization","name":"Varde Investment Partners (Offshore) Master, L.P.","position":2,"cik":"0001705023","reported_name":"Varde Investment Partners (Offshore) Master, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142498,"kind":"organization","name":"Varde Fund VI-A, L.P.","position":3,"cik":"0001704987","reported_name":"Varde Fund VI-A, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":4,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":5,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":6,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":7,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series C-2 9.75% Convertible Participating Preferred Stock","published_at":"2019-02-14T20:30:44.000Z","date":"2018-12-26","kind":"other","acquired":true,"shares":2637,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F1","text":"Pursuant to the Assignment and Assumption Agreement, dated as of December 26, 2018 (the \"Common and Preferred Stock Assignment and Assumption Agreement\"), by and among The Varde Skyway Master Fund, L.P. (\"Skyway Fund\"), The Varde Skyway Mini-Master Fund, L.P. (\"Mini-Master\") and The Varde Skyway Fund, L.P. (\"Varde Skyway Fund\"), Skyway Fund assigned all of the Skyway Fund's rights and interest in and to the Securities Purchase Agreement, dated as of January 30, 2018 (the \"Securities Purchase Agreement\"), by and among the Issuer and The Varde Fund XI (Master), L.P. (\"Fund XI\"), The Varde Fund XII (Master), L.P. (\"Fund XII\"), Skyway Fund, Varde Investment Partners, L.P. (\"VIP\"), Varde Investment Partners (Offshore) Master, L.P. (\"VIPO\") and the Varde Fund VI-A L.P. (\"Fund VI-A\" and, collectively with Fund XI, Fund XII, VIP, VIPO, and Fund VI-A, the \"Varde Parties\"), the Registration Rights Agreement, dated as of April 26, 2017,"},{"field":"price","element":"transactionPricePerShare","label":"F2","text":"(Continued from Footnote 1) by and among the Issuer and the Varde Parties (the \"Registration Rights Agreement\"), the Transaction Agreement, dated as of October 10, 2018 (the \"Transaction Agreement\"), by and among the Issuer and the Varde Parties, and the Registration Rights Agreement, dated as of October 10, 2018, by and among the Issuer and the Varde Parties (the \"October 10, 2018 Registration Rights Agreement\") to each of Mini-Master Skyway Fund and Varde Skyway Fund and each of Mini-Master Skyway Fund and Varde Skyway Fund, respectively, assumed Skyway Fund's duties and obligations under each of the Securities Purchase Agreement, the Registration Rights Agreement, the Transaction Agreement and the October 10, 2018 Registration Rights Agreement."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F13","text":"The Series C-2 Preferred Stock is perpetual and has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F7","text":"Pursuant to the Common Stock and Preferred Stock Assignment and Assumption Agreement, Skyway Fund assigned (i) 2,637 shares of Series C-2 9.75% Convertible Participating Preferred Stock (\"Series C-2 Preferred Stock\") to Mini-Master for no consideration and (ii) 613 shares Series C-2 Preferred Stock to Varde Skyway Fund for no consideration. The assignment of the securities may not be considered a sale of securities under Section 16(b). The amount reported reflects the amount of shares of Common Stock issuable upon conversion of the Series C-2 Preferred Stock. The Issuer has the right to redeem the Series C-2 Preferred Stock, in whole or in part at any time (subject to certain limitations on partial redemptions), at a price per share equal to (i) stated value of $1,000, subject to increase in connection with the payment of dividends (the \"Series C-2 Stated Value\") then in effect multiplied by (a) 120% if redeemed during 2018, (b) 125% if redeemed during 2019,"},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F8","text":"(Continued from Footnote 7) or (c) 130% if redeemed after 2019 plus (ii) accrued and unpaid dividends thereon and any other amounts payable by the Issuer in respect thereof (the \"Series C-2 Optional Redemption Amount\"). Each share of Series C-2 Preferred Stock is convertible at any time at the option of the holder into a number of shares of Common Stock equal to (i) the applicable Series C-2 Optional Redemption Amount divided by (ii) a conversion price of $6.15, subject to adjustment (the \"Series C-2 Conversion Price\"). Following the closing of the Transaction Agreement (the \"Closing Date\"), the aggregate number of shares of Series C-2 Preferred Stock became immediately convertible into 4,878,049 shares of Common Stock, based on an initial Series C-2 Conversion Price of $6.15 and the initial Series C-2 Optional Redemption Amount of 120% of the Series C-2 Stated Value."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Pursuant to the Assignment and Assumption Agreement, dated as of December 26, 2018 (the \"Common and Preferred Stock Assignment and Assumption Agreement\"), by and among The Varde Skyway Master Fund, L.P. (\"Skyway Fund\"), The Varde Skyway Mini-Master Fund, L.P. (\"Mini-Master\") and The Varde Skyway Fund, L.P. (\"Varde Skyway Fund\"), Skyway Fund assigned all of the Skyway Fund's rights and interest in and to the Securities Purchase Agreement, dated as of January 30, 2018 (the \"Securities Purchase Agreement\"), by and among the Issuer and The Varde Fund XI (Master), L.P. (\"Fund XI\"), The Varde Fund XII (Master), L.P. (\"Fund XII\"), Skyway Fund, Varde Investment Partners, L.P. (\"VIP\"), Varde Investment Partners (Offshore) Master, L.P. (\"VIPO\") and the Varde Fund VI-A L.P. (\"Fund VI-A\" and, collectively with Fund XI, Fund XII, VIP, VIPO, and Fund VI-A, the \"Varde Parties\"), the Registration Rights Agreement, dated as of April 26, 2017,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(Continued from Footnote 1) by and among the Issuer and the Varde Parties (the \"Registration Rights Agreement\"), the Transaction Agreement, dated as of October 10, 2018 (the \"Transaction Agreement\"), by and among the Issuer and the Varde Parties, and the Registration Rights Agreement, dated as of October 10, 2018, by and among the Issuer and the Varde Parties (the \"October 10, 2018 Registration Rights Agreement\") to each of Mini-Master Skyway Fund and Varde Skyway Fund and each of Mini-Master Skyway Fund and Varde Skyway Fund, respectively, assumed Skyway Fund's duties and obligations under each of the Securities Purchase Agreement, the Registration Rights Agreement, the Transaction Agreement and the October 10, 2018 Registration Rights Agreement."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F7","text":"Pursuant to the Common Stock and Preferred Stock Assignment and Assumption Agreement, Skyway Fund assigned (i) 2,637 shares of Series C-2 9.75% Convertible Participating Preferred Stock (\"Series C-2 Preferred Stock\") to Mini-Master for no consideration and (ii) 613 shares Series C-2 Preferred Stock to Varde Skyway Fund for no consideration. The assignment of the securities may not be considered a sale of securities under Section 16(b). The amount reported reflects the amount of shares of Common Stock issuable upon conversion of the Series C-2 Preferred Stock. The Issuer has the right to redeem the Series C-2 Preferred Stock, in whole or in part at any time (subject to certain limitations on partial redemptions), at a price per share equal to (i) stated value of $1,000, subject to increase in connection with the payment of dividends (the \"Series C-2 Stated Value\") then in effect multiplied by (a) 120% if redeemed during 2018, (b) 125% if redeemed during 2019,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F8","text":"(Continued from Footnote 7) or (c) 130% if redeemed after 2019 plus (ii) accrued and unpaid dividends thereon and any other amounts payable by the Issuer in respect thereof (the \"Series C-2 Optional Redemption Amount\"). Each share of Series C-2 Preferred Stock is convertible at any time at the option of the holder into a number of shares of Common Stock equal to (i) the applicable Series C-2 Optional Redemption Amount divided by (ii) a conversion price of $6.15, subject to adjustment (the \"Series C-2 Conversion Price\"). Following the closing of the Transaction Agreement (the \"Closing Date\"), the aggregate number of shares of Series C-2 Preferred Stock became immediately convertible into 4,878,049 shares of Common Stock, based on an initial Series C-2 Conversion Price of $6.15 and the initial Series C-2 Optional Redemption Amount of 120% of the Series C-2 Stated Value."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F15","text":"Reflects securities held directly or indirectly by Fund XI, Fund XII, Skyway Fund, Mini-Master, Varde Skyway Fund, VIPO, Fund VI-A and VIP. The Varde Fund XI G.P., LLC (\"Fund XI GP\") is the general partner of Fund XI. The Varde Fund XII G.P., L.P. (\"Fund XII GP\") is the general partner of Fund XII, and The Varde Fund XII UGP, LLC (\"Fund XII UGP\") is the general partner of Fund XII GP. The Varde Skyway Fund G.P., LLC (\"Skyway Fund GP\") is the general partner of Skyway Fund, Mini-Master and Varde Skyway Fund. Varde Investment Partners G.P., LLC (\"VIP GP\") is the general partner of VIPO. VIP GP is the general partner of Fund VI-A. VIP GP is the general partner of Fund VIP. Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F16","text":"(Continued from Footnote 15) George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Series C-1 Preferred Stock, Series C-2 Preferred Stock, the Series D Preferred Stock and the Term Loan because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities. Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F17","text":"(Continued from Footnote 16) each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":25000,"derivative":{"exercise_price":6.15,"exercise_date":"2018-10-10","underlying":"Common Stock, $0.001 par value","underlying_shares":535976},"source":{"system":"sec-edgar","filing":"0000899243-19-003767","document":"doc5.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":8,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924319003767/doc5.xml","form_type":"5"}},{"id":3657408,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":139666,"kind":"person","name":"Hicks George G","position":1,"cik":"0001706059","reported_name":"Hicks George G","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75389,"kind":"organization","name":"Varde Investment Partners (Offshore) Master, L.P.","position":2,"cik":"0001705023","reported_name":"Varde Investment Partners (Offshore) Master, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142498,"kind":"organization","name":"Varde Fund VI-A, L.P.","position":3,"cik":"0001704987","reported_name":"Varde Fund VI-A, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":4,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":5,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":6,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":7,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series C-2 9.75% Convertible Participating Preferred Stock","published_at":"2019-02-14T20:30:44.000Z","date":"2018-12-26","kind":"other","acquired":false,"shares":3250,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F1","text":"Pursuant to the Assignment and Assumption Agreement, dated as of December 26, 2018 (the \"Common and Preferred Stock Assignment and Assumption Agreement\"), by and among The Varde Skyway Master Fund, L.P. (\"Skyway Fund\"), The Varde Skyway Mini-Master Fund, L.P. (\"Mini-Master\") and The Varde Skyway Fund, L.P. (\"Varde Skyway Fund\"), Skyway Fund assigned all of the Skyway Fund's rights and interest in and to the Securities Purchase Agreement, dated as of January 30, 2018 (the \"Securities Purchase Agreement\"), by and among the Issuer and The Varde Fund XI (Master), L.P. (\"Fund XI\"), The Varde Fund XII (Master), L.P. (\"Fund XII\"), Skyway Fund, Varde Investment Partners, L.P. (\"VIP\"), Varde Investment Partners (Offshore) Master, L.P. (\"VIPO\") and the Varde Fund VI-A L.P. (\"Fund VI-A\" and, collectively with Fund XI, Fund XII, VIP, VIPO, and Fund VI-A, the \"Varde Parties\"), the Registration Rights Agreement, dated as of April 26, 2017,"},{"field":"price","element":"transactionPricePerShare","label":"F2","text":"(Continued from Footnote 1) by and among the Issuer and the Varde Parties (the \"Registration Rights Agreement\"), the Transaction Agreement, dated as of October 10, 2018 (the \"Transaction Agreement\"), by and among the Issuer and the Varde Parties, and the Registration Rights Agreement, dated as of October 10, 2018, by and among the Issuer and the Varde Parties (the \"October 10, 2018 Registration Rights Agreement\") to each of Mini-Master Skyway Fund and Varde Skyway Fund and each of Mini-Master Skyway Fund and Varde Skyway Fund, respectively, assumed Skyway Fund's duties and obligations under each of the Securities Purchase Agreement, the Registration Rights Agreement, the Transaction Agreement and the October 10, 2018 Registration Rights Agreement."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F13","text":"The Series C-2 Preferred Stock is perpetual and has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F7","text":"Pursuant to the Common Stock and Preferred Stock Assignment and Assumption Agreement, Skyway Fund assigned (i) 2,637 shares of Series C-2 9.75% Convertible Participating Preferred Stock (\"Series C-2 Preferred Stock\") to Mini-Master for no consideration and (ii) 613 shares Series C-2 Preferred Stock to Varde Skyway Fund for no consideration. The assignment of the securities may not be considered a sale of securities under Section 16(b). The amount reported reflects the amount of shares of Common Stock issuable upon conversion of the Series C-2 Preferred Stock. The Issuer has the right to redeem the Series C-2 Preferred Stock, in whole or in part at any time (subject to certain limitations on partial redemptions), at a price per share equal to (i) stated value of $1,000, subject to increase in connection with the payment of dividends (the \"Series C-2 Stated Value\") then in effect multiplied by (a) 120% if redeemed during 2018, (b) 125% if redeemed during 2019,"},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F8","text":"(Continued from Footnote 7) or (c) 130% if redeemed after 2019 plus (ii) accrued and unpaid dividends thereon and any other amounts payable by the Issuer in respect thereof (the \"Series C-2 Optional Redemption Amount\"). Each share of Series C-2 Preferred Stock is convertible at any time at the option of the holder into a number of shares of Common Stock equal to (i) the applicable Series C-2 Optional Redemption Amount divided by (ii) a conversion price of $6.15, subject to adjustment (the \"Series C-2 Conversion Price\"). Following the closing of the Transaction Agreement (the \"Closing Date\"), the aggregate number of shares of Series C-2 Preferred Stock became immediately convertible into 4,878,049 shares of Common Stock, based on an initial Series C-2 Conversion Price of $6.15 and the initial Series C-2 Optional Redemption Amount of 120% of the Series C-2 Stated Value."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Pursuant to the Assignment and Assumption Agreement, dated as of December 26, 2018 (the \"Common and Preferred Stock Assignment and Assumption Agreement\"), by and among The Varde Skyway Master Fund, L.P. (\"Skyway Fund\"), The Varde Skyway Mini-Master Fund, L.P. (\"Mini-Master\") and The Varde Skyway Fund, L.P. (\"Varde Skyway Fund\"), Skyway Fund assigned all of the Skyway Fund's rights and interest in and to the Securities Purchase Agreement, dated as of January 30, 2018 (the \"Securities Purchase Agreement\"), by and among the Issuer and The Varde Fund XI (Master), L.P. (\"Fund XI\"), The Varde Fund XII (Master), L.P. (\"Fund XII\"), Skyway Fund, Varde Investment Partners, L.P. (\"VIP\"), Varde Investment Partners (Offshore) Master, L.P. (\"VIPO\") and the Varde Fund VI-A L.P. (\"Fund VI-A\" and, collectively with Fund XI, Fund XII, VIP, VIPO, and Fund VI-A, the \"Varde Parties\"), the Registration Rights Agreement, dated as of April 26, 2017,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(Continued from Footnote 1) by and among the Issuer and the Varde Parties (the \"Registration Rights Agreement\"), the Transaction Agreement, dated as of October 10, 2018 (the \"Transaction Agreement\"), by and among the Issuer and the Varde Parties, and the Registration Rights Agreement, dated as of October 10, 2018, by and among the Issuer and the Varde Parties (the \"October 10, 2018 Registration Rights Agreement\") to each of Mini-Master Skyway Fund and Varde Skyway Fund and each of Mini-Master Skyway Fund and Varde Skyway Fund, respectively, assumed Skyway Fund's duties and obligations under each of the Securities Purchase Agreement, the Registration Rights Agreement, the Transaction Agreement and the October 10, 2018 Registration Rights Agreement."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F7","text":"Pursuant to the Common Stock and Preferred Stock Assignment and Assumption Agreement, Skyway Fund assigned (i) 2,637 shares of Series C-2 9.75% Convertible Participating Preferred Stock (\"Series C-2 Preferred Stock\") to Mini-Master for no consideration and (ii) 613 shares Series C-2 Preferred Stock to Varde Skyway Fund for no consideration. The assignment of the securities may not be considered a sale of securities under Section 16(b). The amount reported reflects the amount of shares of Common Stock issuable upon conversion of the Series C-2 Preferred Stock. The Issuer has the right to redeem the Series C-2 Preferred Stock, in whole or in part at any time (subject to certain limitations on partial redemptions), at a price per share equal to (i) stated value of $1,000, subject to increase in connection with the payment of dividends (the \"Series C-2 Stated Value\") then in effect multiplied by (a) 120% if redeemed during 2018, (b) 125% if redeemed during 2019,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F8","text":"(Continued from Footnote 7) or (c) 130% if redeemed after 2019 plus (ii) accrued and unpaid dividends thereon and any other amounts payable by the Issuer in respect thereof (the \"Series C-2 Optional Redemption Amount\"). Each share of Series C-2 Preferred Stock is convertible at any time at the option of the holder into a number of shares of Common Stock equal to (i) the applicable Series C-2 Optional Redemption Amount divided by (ii) a conversion price of $6.15, subject to adjustment (the \"Series C-2 Conversion Price\"). Following the closing of the Transaction Agreement (the \"Closing Date\"), the aggregate number of shares of Series C-2 Preferred Stock became immediately convertible into 4,878,049 shares of Common Stock, based on an initial Series C-2 Conversion Price of $6.15 and the initial Series C-2 Optional Redemption Amount of 120% of the Series C-2 Stated Value."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F15","text":"Reflects securities held directly or indirectly by Fund XI, Fund XII, Skyway Fund, Mini-Master, Varde Skyway Fund, VIPO, Fund VI-A and VIP. The Varde Fund XI G.P., LLC (\"Fund XI GP\") is the general partner of Fund XI. The Varde Fund XII G.P., L.P. (\"Fund XII GP\") is the general partner of Fund XII, and The Varde Fund XII UGP, LLC (\"Fund XII UGP\") is the general partner of Fund XII GP. The Varde Skyway Fund G.P., LLC (\"Skyway Fund GP\") is the general partner of Skyway Fund, Mini-Master and Varde Skyway Fund. Varde Investment Partners G.P., LLC (\"VIP GP\") is the general partner of VIPO. VIP GP is the general partner of Fund VI-A. VIP GP is the general partner of Fund VIP. Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F16","text":"(Continued from Footnote 15) George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Series C-1 Preferred Stock, Series C-2 Preferred Stock, the Series D Preferred Stock and the Term Loan because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities. Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F17","text":"(Continued from Footnote 16) each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":25000,"derivative":{"exercise_price":6.15,"exercise_date":"2018-10-10","underlying":"Common Stock, $0.001 par value","underlying_shares":660569},"source":{"system":"sec-edgar","filing":"0000899243-19-003767","document":"doc5.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":7,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924319003767/doc5.xml","form_type":"5"}},{"id":3657407,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":139666,"kind":"person","name":"Hicks George G","position":1,"cik":"0001706059","reported_name":"Hicks George G","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75389,"kind":"organization","name":"Varde Investment Partners (Offshore) Master, L.P.","position":2,"cik":"0001705023","reported_name":"Varde Investment Partners (Offshore) Master, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142498,"kind":"organization","name":"Varde Fund VI-A, L.P.","position":3,"cik":"0001704987","reported_name":"Varde Fund VI-A, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":4,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":5,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":6,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":7,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series C-1 9.75% Convertible Participating Preferred Stock","published_at":"2019-02-14T20:30:44.000Z","date":"2018-12-26","kind":"other","acquired":true,"shares":2451,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F1","text":"Pursuant to the Assignment and Assumption Agreement, dated as of December 26, 2018 (the \"Common and Preferred Stock Assignment and Assumption Agreement\"), by and among The Varde Skyway Master Fund, L.P. (\"Skyway Fund\"), The Varde Skyway Mini-Master Fund, L.P. (\"Mini-Master\") and The Varde Skyway Fund, L.P. (\"Varde Skyway Fund\"), Skyway Fund assigned all of the Skyway Fund's rights and interest in and to the Securities Purchase Agreement, dated as of January 30, 2018 (the \"Securities Purchase Agreement\"), by and among the Issuer and The Varde Fund XI (Master), L.P. (\"Fund XI\"), The Varde Fund XII (Master), L.P. (\"Fund XII\"), Skyway Fund, Varde Investment Partners, L.P. (\"VIP\"), Varde Investment Partners (Offshore) Master, L.P. (\"VIPO\") and the Varde Fund VI-A L.P. (\"Fund VI-A\" and, collectively with Fund XI, Fund XII, VIP, VIPO, and Fund VI-A, the \"Varde Parties\"), the Registration Rights Agreement, dated as of April 26, 2017,"},{"field":"price","element":"transactionPricePerShare","label":"F2","text":"(Continued from Footnote 1) by and among the Issuer and the Varde Parties (the \"Registration Rights Agreement\"), the Transaction Agreement, dated as of October 10, 2018 (the \"Transaction Agreement\"), by and among the Issuer and the Varde Parties, and the Registration Rights Agreement, dated as of October 10, 2018, by and among the Issuer and the Varde Parties (the \"October 10, 2018 Registration Rights Agreement\") to each of Mini-Master Skyway Fund and Varde Skyway Fund and each of Mini-Master Skyway Fund and Varde Skyway Fund, respectively, assumed Skyway Fund's duties and obligations under each of the Securities Purchase Agreement, the Registration Rights Agreement, the Transaction Agreement and the October 10, 2018 Registration Rights Agreement."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F12","text":"The Series C-1 Preferred Stock is perpetual and has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F5","text":"Pursuant to the Common Stock and Preferred Stock Assignment and Assumption Agreement, Skyway Fund assigned (i) 10,549 shares of Series C-1 9.75% Convertible Participating Preferred Stock (\"Series C-1 Preferred Stock\") to Mini-Master for no consideration and (ii) 2,451 shares of Series C-1 Preferred Stock to Varde Skyway Fund for no consideration. The assignment of the securities may not be considered a sale of securities under Section 16(b). The amount reported reflects the amount of shares of Common Stock issuable upon conversion of the Series C-1 Preferred Stock. The Issuer has the right to redeem the Series C-1 Preferred Stock, in whole or in part at any time (subject to certain limitations on partial redemptions), at a price per share equal to (i) stated value of $1,000, subject to increase in connection with the payment of dividends (the \"Series C-1 Stated Value\") then in effect multiplied by (a) 120% if redeemed during 2018, (b) 125% if redeemed during 2019,"},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F6","text":"(Continued from Footnote 5) or (c) 130% if redeemed after 2019 plus (ii) accrued and unpaid dividends thereon and any other amounts payable by the Issuer in respect thereof (the \"Series C-1 Optional Redemption Amount\"). Each share of Series C-1 Preferred Stock is convertible at any time at the option of the holder into a number of shares of Common Stock equal to (i) the applicable Series C-1 Optional Redemption Amount divided by (ii) a conversion price of $6.15, subject to adjustment (the \"Series C-1 Conversion Price\"). Following the closing of the Share Purchase Agreement (the \"Closing Date\"), the aggregate number of shares of Series C-1 Preferred Stock became immediately convertible into 23,325,203 shares of Common Stock, based on an initial Series C-1 Conversion Price of $6.15 and the Initial Series C-1 Optional Redemption Amount of 120% of the Series C-1 Stated Value."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Pursuant to the Assignment and Assumption Agreement, dated as of December 26, 2018 (the \"Common and Preferred Stock Assignment and Assumption Agreement\"), by and among The Varde Skyway Master Fund, L.P. (\"Skyway Fund\"), The Varde Skyway Mini-Master Fund, L.P. (\"Mini-Master\") and The Varde Skyway Fund, L.P. (\"Varde Skyway Fund\"), Skyway Fund assigned all of the Skyway Fund's rights and interest in and to the Securities Purchase Agreement, dated as of January 30, 2018 (the \"Securities Purchase Agreement\"), by and among the Issuer and The Varde Fund XI (Master), L.P. (\"Fund XI\"), The Varde Fund XII (Master), L.P. (\"Fund XII\"), Skyway Fund, Varde Investment Partners, L.P. (\"VIP\"), Varde Investment Partners (Offshore) Master, L.P. (\"VIPO\") and the Varde Fund VI-A L.P. (\"Fund VI-A\" and, collectively with Fund XI, Fund XII, VIP, VIPO, and Fund VI-A, the \"Varde Parties\"), the Registration Rights Agreement, dated as of April 26, 2017,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(Continued from Footnote 1) by and among the Issuer and the Varde Parties (the \"Registration Rights Agreement\"), the Transaction Agreement, dated as of October 10, 2018 (the \"Transaction Agreement\"), by and among the Issuer and the Varde Parties, and the Registration Rights Agreement, dated as of October 10, 2018, by and among the Issuer and the Varde Parties (the \"October 10, 2018 Registration Rights Agreement\") to each of Mini-Master Skyway Fund and Varde Skyway Fund and each of Mini-Master Skyway Fund and Varde Skyway Fund, respectively, assumed Skyway Fund's duties and obligations under each of the Securities Purchase Agreement, the Registration Rights Agreement, the Transaction Agreement and the October 10, 2018 Registration Rights Agreement."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"Pursuant to the Common Stock and Preferred Stock Assignment and Assumption Agreement, Skyway Fund assigned (i) 10,549 shares of Series C-1 9.75% Convertible Participating Preferred Stock (\"Series C-1 Preferred Stock\") to Mini-Master for no consideration and (ii) 2,451 shares of Series C-1 Preferred Stock to Varde Skyway Fund for no consideration. The assignment of the securities may not be considered a sale of securities under Section 16(b). The amount reported reflects the amount of shares of Common Stock issuable upon conversion of the Series C-1 Preferred Stock. The Issuer has the right to redeem the Series C-1 Preferred Stock, in whole or in part at any time (subject to certain limitations on partial redemptions), at a price per share equal to (i) stated value of $1,000, subject to increase in connection with the payment of dividends (the \"Series C-1 Stated Value\") then in effect multiplied by (a) 120% if redeemed during 2018, (b) 125% if redeemed during 2019,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F6","text":"(Continued from Footnote 5) or (c) 130% if redeemed after 2019 plus (ii) accrued and unpaid dividends thereon and any other amounts payable by the Issuer in respect thereof (the \"Series C-1 Optional Redemption Amount\"). Each share of Series C-1 Preferred Stock is convertible at any time at the option of the holder into a number of shares of Common Stock equal to (i) the applicable Series C-1 Optional Redemption Amount divided by (ii) a conversion price of $6.15, subject to adjustment (the \"Series C-1 Conversion Price\"). Following the closing of the Share Purchase Agreement (the \"Closing Date\"), the aggregate number of shares of Series C-1 Preferred Stock became immediately convertible into 23,325,203 shares of Common Stock, based on an initial Series C-1 Conversion Price of $6.15 and the Initial Series C-1 Optional Redemption Amount of 120% of the Series C-1 Stated Value."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F15","text":"Reflects securities held directly or indirectly by Fund XI, Fund XII, Skyway Fund, Mini-Master, Varde Skyway Fund, VIPO, Fund VI-A and VIP. The Varde Fund XI G.P., LLC (\"Fund XI GP\") is the general partner of Fund XI. The Varde Fund XII G.P., L.P. (\"Fund XII GP\") is the general partner of Fund XII, and The Varde Fund XII UGP, LLC (\"Fund XII UGP\") is the general partner of Fund XII GP. The Varde Skyway Fund G.P., LLC (\"Skyway Fund GP\") is the general partner of Skyway Fund, Mini-Master and Varde Skyway Fund. Varde Investment Partners G.P., LLC (\"VIP GP\") is the general partner of VIPO. VIP GP is the general partner of Fund VI-A. VIP GP is the general partner of Fund VIP. Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F16","text":"(Continued from Footnote 15) George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Series C-1 Preferred Stock, Series C-2 Preferred Stock, the Series D Preferred Stock and the Term Loan because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities. Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F17","text":"(Continued from Footnote 16) each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":100000,"derivative":{"exercise_price":6.15,"exercise_date":"2018-01-30","underlying":"Common Stock, $0.001 par value","underlying_shares":498171},"source":{"system":"sec-edgar","filing":"0000899243-19-003767","document":"doc5.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":6,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924319003767/doc5.xml","form_type":"5"}},{"id":3657406,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":139666,"kind":"person","name":"Hicks George G","position":1,"cik":"0001706059","reported_name":"Hicks George G","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75389,"kind":"organization","name":"Varde Investment Partners (Offshore) Master, L.P.","position":2,"cik":"0001705023","reported_name":"Varde Investment Partners (Offshore) Master, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142498,"kind":"organization","name":"Varde Fund VI-A, L.P.","position":3,"cik":"0001704987","reported_name":"Varde Fund VI-A, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":4,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":5,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":6,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":7,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series C-1 9.75% Convertible Participating Preferred Stock","published_at":"2019-02-14T20:30:44.000Z","date":"2018-12-26","kind":"other","acquired":true,"shares":10549,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F1","text":"Pursuant to the Assignment and Assumption Agreement, dated as of December 26, 2018 (the \"Common and Preferred Stock Assignment and Assumption Agreement\"), by and among The Varde Skyway Master Fund, L.P. (\"Skyway Fund\"), The Varde Skyway Mini-Master Fund, L.P. (\"Mini-Master\") and The Varde Skyway Fund, L.P. (\"Varde Skyway Fund\"), Skyway Fund assigned all of the Skyway Fund's rights and interest in and to the Securities Purchase Agreement, dated as of January 30, 2018 (the \"Securities Purchase Agreement\"), by and among the Issuer and The Varde Fund XI (Master), L.P. (\"Fund XI\"), The Varde Fund XII (Master), L.P. (\"Fund XII\"), Skyway Fund, Varde Investment Partners, L.P. (\"VIP\"), Varde Investment Partners (Offshore) Master, L.P. (\"VIPO\") and the Varde Fund VI-A L.P. (\"Fund VI-A\" and, collectively with Fund XI, Fund XII, VIP, VIPO, and Fund VI-A, the \"Varde Parties\"), the Registration Rights Agreement, dated as of April 26, 2017,"},{"field":"price","element":"transactionPricePerShare","label":"F2","text":"(Continued from Footnote 1) by and among the Issuer and the Varde Parties (the \"Registration Rights Agreement\"), the Transaction Agreement, dated as of October 10, 2018 (the \"Transaction Agreement\"), by and among the Issuer and the Varde Parties, and the Registration Rights Agreement, dated as of October 10, 2018, by and among the Issuer and the Varde Parties (the \"October 10, 2018 Registration Rights Agreement\") to each of Mini-Master Skyway Fund and Varde Skyway Fund and each of Mini-Master Skyway Fund and Varde Skyway Fund, respectively, assumed Skyway Fund's duties and obligations under each of the Securities Purchase Agreement, the Registration Rights Agreement, the Transaction Agreement and the October 10, 2018 Registration Rights Agreement."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F12","text":"The Series C-1 Preferred Stock is perpetual and has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F5","text":"Pursuant to the Common Stock and Preferred Stock Assignment and Assumption Agreement, Skyway Fund assigned (i) 10,549 shares of Series C-1 9.75% Convertible Participating Preferred Stock (\"Series C-1 Preferred Stock\") to Mini-Master for no consideration and (ii) 2,451 shares of Series C-1 Preferred Stock to Varde Skyway Fund for no consideration. The assignment of the securities may not be considered a sale of securities under Section 16(b). The amount reported reflects the amount of shares of Common Stock issuable upon conversion of the Series C-1 Preferred Stock. The Issuer has the right to redeem the Series C-1 Preferred Stock, in whole or in part at any time (subject to certain limitations on partial redemptions), at a price per share equal to (i) stated value of $1,000, subject to increase in connection with the payment of dividends (the \"Series C-1 Stated Value\") then in effect multiplied by (a) 120% if redeemed during 2018, (b) 125% if redeemed during 2019,"},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F6","text":"(Continued from Footnote 5) or (c) 130% if redeemed after 2019 plus (ii) accrued and unpaid dividends thereon and any other amounts payable by the Issuer in respect thereof (the \"Series C-1 Optional Redemption Amount\"). Each share of Series C-1 Preferred Stock is convertible at any time at the option of the holder into a number of shares of Common Stock equal to (i) the applicable Series C-1 Optional Redemption Amount divided by (ii) a conversion price of $6.15, subject to adjustment (the \"Series C-1 Conversion Price\"). Following the closing of the Share Purchase Agreement (the \"Closing Date\"), the aggregate number of shares of Series C-1 Preferred Stock became immediately convertible into 23,325,203 shares of Common Stock, based on an initial Series C-1 Conversion Price of $6.15 and the Initial Series C-1 Optional Redemption Amount of 120% of the Series C-1 Stated Value."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Pursuant to the Assignment and Assumption Agreement, dated as of December 26, 2018 (the \"Common and Preferred Stock Assignment and Assumption Agreement\"), by and among The Varde Skyway Master Fund, L.P. (\"Skyway Fund\"), The Varde Skyway Mini-Master Fund, L.P. (\"Mini-Master\") and The Varde Skyway Fund, L.P. (\"Varde Skyway Fund\"), Skyway Fund assigned all of the Skyway Fund's rights and interest in and to the Securities Purchase Agreement, dated as of January 30, 2018 (the \"Securities Purchase Agreement\"), by and among the Issuer and The Varde Fund XI (Master), L.P. (\"Fund XI\"), The Varde Fund XII (Master), L.P. (\"Fund XII\"), Skyway Fund, Varde Investment Partners, L.P. (\"VIP\"), Varde Investment Partners (Offshore) Master, L.P. (\"VIPO\") and the Varde Fund VI-A L.P. (\"Fund VI-A\" and, collectively with Fund XI, Fund XII, VIP, VIPO, and Fund VI-A, the \"Varde Parties\"), the Registration Rights Agreement, dated as of April 26, 2017,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(Continued from Footnote 1) by and among the Issuer and the Varde Parties (the \"Registration Rights Agreement\"), the Transaction Agreement, dated as of October 10, 2018 (the \"Transaction Agreement\"), by and among the Issuer and the Varde Parties, and the Registration Rights Agreement, dated as of October 10, 2018, by and among the Issuer and the Varde Parties (the \"October 10, 2018 Registration Rights Agreement\") to each of Mini-Master Skyway Fund and Varde Skyway Fund and each of Mini-Master Skyway Fund and Varde Skyway Fund, respectively, assumed Skyway Fund's duties and obligations under each of the Securities Purchase Agreement, the Registration Rights Agreement, the Transaction Agreement and the October 10, 2018 Registration Rights Agreement."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"Pursuant to the Common Stock and Preferred Stock Assignment and Assumption Agreement, Skyway Fund assigned (i) 10,549 shares of Series C-1 9.75% Convertible Participating Preferred Stock (\"Series C-1 Preferred Stock\") to Mini-Master for no consideration and (ii) 2,451 shares of Series C-1 Preferred Stock to Varde Skyway Fund for no consideration. The assignment of the securities may not be considered a sale of securities under Section 16(b). The amount reported reflects the amount of shares of Common Stock issuable upon conversion of the Series C-1 Preferred Stock. The Issuer has the right to redeem the Series C-1 Preferred Stock, in whole or in part at any time (subject to certain limitations on partial redemptions), at a price per share equal to (i) stated value of $1,000, subject to increase in connection with the payment of dividends (the \"Series C-1 Stated Value\") then in effect multiplied by (a) 120% if redeemed during 2018, (b) 125% if redeemed during 2019,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F6","text":"(Continued from Footnote 5) or (c) 130% if redeemed after 2019 plus (ii) accrued and unpaid dividends thereon and any other amounts payable by the Issuer in respect thereof (the \"Series C-1 Optional Redemption Amount\"). Each share of Series C-1 Preferred Stock is convertible at any time at the option of the holder into a number of shares of Common Stock equal to (i) the applicable Series C-1 Optional Redemption Amount divided by (ii) a conversion price of $6.15, subject to adjustment (the \"Series C-1 Conversion Price\"). Following the closing of the Share Purchase Agreement (the \"Closing Date\"), the aggregate number of shares of Series C-1 Preferred Stock became immediately convertible into 23,325,203 shares of Common Stock, based on an initial Series C-1 Conversion Price of $6.15 and the Initial Series C-1 Optional Redemption Amount of 120% of the Series C-1 Stated Value."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F15","text":"Reflects securities held directly or indirectly by Fund XI, Fund XII, Skyway Fund, Mini-Master, Varde Skyway Fund, VIPO, Fund VI-A and VIP. The Varde Fund XI G.P., LLC (\"Fund XI GP\") is the general partner of Fund XI. The Varde Fund XII G.P., L.P. (\"Fund XII GP\") is the general partner of Fund XII, and The Varde Fund XII UGP, LLC (\"Fund XII UGP\") is the general partner of Fund XII GP. The Varde Skyway Fund G.P., LLC (\"Skyway Fund GP\") is the general partner of Skyway Fund, Mini-Master and Varde Skyway Fund. Varde Investment Partners G.P., LLC (\"VIP GP\") is the general partner of VIPO. VIP GP is the general partner of Fund VI-A. VIP GP is the general partner of Fund VIP. Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F16","text":"(Continued from Footnote 15) George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Series C-1 Preferred Stock, Series C-2 Preferred Stock, the Series D Preferred Stock and the Term Loan because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities. Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F17","text":"(Continued from Footnote 16) each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":100000,"derivative":{"exercise_price":6.15,"exercise_date":"2018-01-30","underlying":"Common Stock, $0.001 par value","underlying_shares":2144106},"source":{"system":"sec-edgar","filing":"0000899243-19-003767","document":"doc5.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":5,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924319003767/doc5.xml","form_type":"5"}},{"id":3657405,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":139666,"kind":"person","name":"Hicks George G","position":1,"cik":"0001706059","reported_name":"Hicks George G","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75389,"kind":"organization","name":"Varde Investment Partners (Offshore) Master, L.P.","position":2,"cik":"0001705023","reported_name":"Varde Investment Partners (Offshore) Master, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142498,"kind":"organization","name":"Varde Fund VI-A, L.P.","position":3,"cik":"0001704987","reported_name":"Varde Fund VI-A, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":4,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":5,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":6,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":7,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series C-1 9.75% Convertible Participating Preferred Stock","published_at":"2019-02-14T20:30:44.000Z","date":"2018-12-26","kind":"other","acquired":false,"shares":13000,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F1","text":"Pursuant to the Assignment and Assumption Agreement, dated as of December 26, 2018 (the \"Common and Preferred Stock Assignment and Assumption Agreement\"), by and among The Varde Skyway Master Fund, L.P. (\"Skyway Fund\"), The Varde Skyway Mini-Master Fund, L.P. (\"Mini-Master\") and The Varde Skyway Fund, L.P. (\"Varde Skyway Fund\"), Skyway Fund assigned all of the Skyway Fund's rights and interest in and to the Securities Purchase Agreement, dated as of January 30, 2018 (the \"Securities Purchase Agreement\"), by and among the Issuer and The Varde Fund XI (Master), L.P. (\"Fund XI\"), The Varde Fund XII (Master), L.P. (\"Fund XII\"), Skyway Fund, Varde Investment Partners, L.P. (\"VIP\"), Varde Investment Partners (Offshore) Master, L.P. (\"VIPO\") and the Varde Fund VI-A L.P. (\"Fund VI-A\" and, collectively with Fund XI, Fund XII, VIP, VIPO, and Fund VI-A, the \"Varde Parties\"), the Registration Rights Agreement, dated as of April 26, 2017,"},{"field":"price","element":"transactionPricePerShare","label":"F2","text":"(Continued from Footnote 1) by and among the Issuer and the Varde Parties (the \"Registration Rights Agreement\"), the Transaction Agreement, dated as of October 10, 2018 (the \"Transaction Agreement\"), by and among the Issuer and the Varde Parties, and the Registration Rights Agreement, dated as of October 10, 2018, by and among the Issuer and the Varde Parties (the \"October 10, 2018 Registration Rights Agreement\") to each of Mini-Master Skyway Fund and Varde Skyway Fund and each of Mini-Master Skyway Fund and Varde Skyway Fund, respectively, assumed Skyway Fund's duties and obligations under each of the Securities Purchase Agreement, the Registration Rights Agreement, the Transaction Agreement and the October 10, 2018 Registration Rights Agreement."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F12","text":"The Series C-1 Preferred Stock is perpetual and has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F5","text":"Pursuant to the Common Stock and Preferred Stock Assignment and Assumption Agreement, Skyway Fund assigned (i) 10,549 shares of Series C-1 9.75% Convertible Participating Preferred Stock (\"Series C-1 Preferred Stock\") to Mini-Master for no consideration and (ii) 2,451 shares of Series C-1 Preferred Stock to Varde Skyway Fund for no consideration. The assignment of the securities may not be considered a sale of securities under Section 16(b). The amount reported reflects the amount of shares of Common Stock issuable upon conversion of the Series C-1 Preferred Stock. The Issuer has the right to redeem the Series C-1 Preferred Stock, in whole or in part at any time (subject to certain limitations on partial redemptions), at a price per share equal to (i) stated value of $1,000, subject to increase in connection with the payment of dividends (the \"Series C-1 Stated Value\") then in effect multiplied by (a) 120% if redeemed during 2018, (b) 125% if redeemed during 2019,"},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F6","text":"(Continued from Footnote 5) or (c) 130% if redeemed after 2019 plus (ii) accrued and unpaid dividends thereon and any other amounts payable by the Issuer in respect thereof (the \"Series C-1 Optional Redemption Amount\"). Each share of Series C-1 Preferred Stock is convertible at any time at the option of the holder into a number of shares of Common Stock equal to (i) the applicable Series C-1 Optional Redemption Amount divided by (ii) a conversion price of $6.15, subject to adjustment (the \"Series C-1 Conversion Price\"). Following the closing of the Share Purchase Agreement (the \"Closing Date\"), the aggregate number of shares of Series C-1 Preferred Stock became immediately convertible into 23,325,203 shares of Common Stock, based on an initial Series C-1 Conversion Price of $6.15 and the Initial Series C-1 Optional Redemption Amount of 120% of the Series C-1 Stated Value."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Pursuant to the Assignment and Assumption Agreement, dated as of December 26, 2018 (the \"Common and Preferred Stock Assignment and Assumption Agreement\"), by and among The Varde Skyway Master Fund, L.P. (\"Skyway Fund\"), The Varde Skyway Mini-Master Fund, L.P. (\"Mini-Master\") and The Varde Skyway Fund, L.P. (\"Varde Skyway Fund\"), Skyway Fund assigned all of the Skyway Fund's rights and interest in and to the Securities Purchase Agreement, dated as of January 30, 2018 (the \"Securities Purchase Agreement\"), by and among the Issuer and The Varde Fund XI (Master), L.P. (\"Fund XI\"), The Varde Fund XII (Master), L.P. (\"Fund XII\"), Skyway Fund, Varde Investment Partners, L.P. (\"VIP\"), Varde Investment Partners (Offshore) Master, L.P. (\"VIPO\") and the Varde Fund VI-A L.P. (\"Fund VI-A\" and, collectively with Fund XI, Fund XII, VIP, VIPO, and Fund VI-A, the \"Varde Parties\"), the Registration Rights Agreement, dated as of April 26, 2017,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(Continued from Footnote 1) by and among the Issuer and the Varde Parties (the \"Registration Rights Agreement\"), the Transaction Agreement, dated as of October 10, 2018 (the \"Transaction Agreement\"), by and among the Issuer and the Varde Parties, and the Registration Rights Agreement, dated as of October 10, 2018, by and among the Issuer and the Varde Parties (the \"October 10, 2018 Registration Rights Agreement\") to each of Mini-Master Skyway Fund and Varde Skyway Fund and each of Mini-Master Skyway Fund and Varde Skyway Fund, respectively, assumed Skyway Fund's duties and obligations under each of the Securities Purchase Agreement, the Registration Rights Agreement, the Transaction Agreement and the October 10, 2018 Registration Rights Agreement."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"Pursuant to the Common Stock and Preferred Stock Assignment and Assumption Agreement, Skyway Fund assigned (i) 10,549 shares of Series C-1 9.75% Convertible Participating Preferred Stock (\"Series C-1 Preferred Stock\") to Mini-Master for no consideration and (ii) 2,451 shares of Series C-1 Preferred Stock to Varde Skyway Fund for no consideration. The assignment of the securities may not be considered a sale of securities under Section 16(b). The amount reported reflects the amount of shares of Common Stock issuable upon conversion of the Series C-1 Preferred Stock. The Issuer has the right to redeem the Series C-1 Preferred Stock, in whole or in part at any time (subject to certain limitations on partial redemptions), at a price per share equal to (i) stated value of $1,000, subject to increase in connection with the payment of dividends (the \"Series C-1 Stated Value\") then in effect multiplied by (a) 120% if redeemed during 2018, (b) 125% if redeemed during 2019,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F6","text":"(Continued from Footnote 5) or (c) 130% if redeemed after 2019 plus (ii) accrued and unpaid dividends thereon and any other amounts payable by the Issuer in respect thereof (the \"Series C-1 Optional Redemption Amount\"). Each share of Series C-1 Preferred Stock is convertible at any time at the option of the holder into a number of shares of Common Stock equal to (i) the applicable Series C-1 Optional Redemption Amount divided by (ii) a conversion price of $6.15, subject to adjustment (the \"Series C-1 Conversion Price\"). Following the closing of the Share Purchase Agreement (the \"Closing Date\"), the aggregate number of shares of Series C-1 Preferred Stock became immediately convertible into 23,325,203 shares of Common Stock, based on an initial Series C-1 Conversion Price of $6.15 and the Initial Series C-1 Optional Redemption Amount of 120% of the Series C-1 Stated Value."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F15","text":"Reflects securities held directly or indirectly by Fund XI, Fund XII, Skyway Fund, Mini-Master, Varde Skyway Fund, VIPO, Fund VI-A and VIP. The Varde Fund XI G.P., LLC (\"Fund XI GP\") is the general partner of Fund XI. The Varde Fund XII G.P., L.P. (\"Fund XII GP\") is the general partner of Fund XII, and The Varde Fund XII UGP, LLC (\"Fund XII UGP\") is the general partner of Fund XII GP. The Varde Skyway Fund G.P., LLC (\"Skyway Fund GP\") is the general partner of Skyway Fund, Mini-Master and Varde Skyway Fund. Varde Investment Partners G.P., LLC (\"VIP GP\") is the general partner of VIPO. VIP GP is the general partner of Fund VI-A. VIP GP is the general partner of Fund VIP. Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F16","text":"(Continued from Footnote 15) George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Series C-1 Preferred Stock, Series C-2 Preferred Stock, the Series D Preferred Stock and the Term Loan because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities. Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F17","text":"(Continued from Footnote 16) each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":100000,"derivative":{"exercise_price":6.15,"exercise_date":"2018-01-30","underlying":"Common Stock, $0.001 par value","underlying_shares":2642276},"source":{"system":"sec-edgar","filing":"0000899243-19-003767","document":"doc5.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":4,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924319003767/doc5.xml","form_type":"5"}},{"id":3657404,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":139666,"kind":"person","name":"Hicks George G","position":1,"cik":"0001706059","reported_name":"Hicks George G","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75389,"kind":"organization","name":"Varde Investment Partners (Offshore) Master, L.P.","position":2,"cik":"0001705023","reported_name":"Varde Investment Partners (Offshore) Master, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142498,"kind":"organization","name":"Varde Fund VI-A, L.P.","position":3,"cik":"0001704987","reported_name":"Varde Fund VI-A, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":4,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":5,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":6,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":7,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock","published_at":"2019-02-14T20:30:44.000Z","date":"2018-12-26","kind":"other","acquired":true,"shares":145930,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F1","text":"Pursuant to the Assignment and Assumption Agreement, dated as of December 26, 2018 (the \"Common and Preferred Stock Assignment and Assumption Agreement\"), by and among The Varde Skyway Master Fund, L.P. (\"Skyway Fund\"), The Varde Skyway Mini-Master Fund, L.P. (\"Mini-Master\") and The Varde Skyway Fund, L.P. (\"Varde Skyway Fund\"), Skyway Fund assigned all of the Skyway Fund's rights and interest in and to the Securities Purchase Agreement, dated as of January 30, 2018 (the \"Securities Purchase Agreement\"), by and among the Issuer and The Varde Fund XI (Master), L.P. (\"Fund XI\"), The Varde Fund XII (Master), L.P. (\"Fund XII\"), Skyway Fund, Varde Investment Partners, L.P. (\"VIP\"), Varde Investment Partners (Offshore) Master, L.P. (\"VIPO\") and the Varde Fund VI-A L.P. (\"Fund VI-A\" and, collectively with Fund XI, Fund XII, VIP, VIPO, and Fund VI-A, the \"Varde Parties\"), the Registration Rights Agreement, dated as of April 26, 2017,"},{"field":"price","element":"transactionPricePerShare","label":"F2","text":"(Continued from Footnote 1) by and among the Issuer and the Varde Parties (the \"Registration Rights Agreement\"), the Transaction Agreement, dated as of October 10, 2018 (the \"Transaction Agreement\"), by and among the Issuer and the Varde Parties, and the Registration Rights Agreement, dated as of October 10, 2018, by and among the Issuer and the Varde Parties (the \"October 10, 2018 Registration Rights Agreement\") to each of Mini-Master Skyway Fund and Varde Skyway Fund and each of Mini-Master Skyway Fund and Varde Skyway Fund, respectively, assumed Skyway Fund's duties and obligations under each of the Securities Purchase Agreement, the Registration Rights Agreement, the Transaction Agreement and the October 10, 2018 Registration Rights Agreement."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Pursuant to the Assignment and Assumption Agreement, dated as of December 26, 2018 (the \"Common and Preferred Stock Assignment and Assumption Agreement\"), by and among The Varde Skyway Master Fund, L.P. (\"Skyway Fund\"), The Varde Skyway Mini-Master Fund, L.P. (\"Mini-Master\") and The Varde Skyway Fund, L.P. (\"Varde Skyway Fund\"), Skyway Fund assigned all of the Skyway Fund's rights and interest in and to the Securities Purchase Agreement, dated as of January 30, 2018 (the \"Securities Purchase Agreement\"), by and among the Issuer and The Varde Fund XI (Master), L.P. (\"Fund XI\"), The Varde Fund XII (Master), L.P. (\"Fund XII\"), Skyway Fund, Varde Investment Partners, L.P. (\"VIP\"), Varde Investment Partners (Offshore) Master, L.P. (\"VIPO\") and the Varde Fund VI-A L.P. (\"Fund VI-A\" and, collectively with Fund XI, Fund XII, VIP, VIPO, and Fund VI-A, the \"Varde Parties\"), the Registration Rights Agreement, dated as of April 26, 2017,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(Continued from Footnote 1) by and among the Issuer and the Varde Parties (the \"Registration Rights Agreement\"), the Transaction Agreement, dated as of October 10, 2018 (the \"Transaction Agreement\"), by and among the Issuer and the Varde Parties, and the Registration Rights Agreement, dated as of October 10, 2018, by and among the Issuer and the Varde Parties (the \"October 10, 2018 Registration Rights Agreement\") to each of Mini-Master Skyway Fund and Varde Skyway Fund and each of Mini-Master Skyway Fund and Varde Skyway Fund, respectively, assumed Skyway Fund's duties and obligations under each of the Securities Purchase Agreement, the Registration Rights Agreement, the Transaction Agreement and the October 10, 2018 Registration Rights Agreement."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"Pursuant to the Common Stock and Preferred Stock Assignment and Assumption Agreement, Skyway Fund assigned (i) 627,929 shares of Common Stock to Mini-Master for no consideration and (ii) 145,930 shares of Common Stock to Varde Skyway Fund for no consideration. The assignment of the securities may not be considered a sale of securities under Section 16(b)."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F15","text":"Reflects securities held directly or indirectly by Fund XI, Fund XII, Skyway Fund, Mini-Master, Varde Skyway Fund, VIPO, Fund VI-A and VIP. The Varde Fund XI G.P., LLC (\"Fund XI GP\") is the general partner of Fund XI. The Varde Fund XII G.P., L.P. (\"Fund XII GP\") is the general partner of Fund XII, and The Varde Fund XII UGP, LLC (\"Fund XII UGP\") is the general partner of Fund XII GP. The Varde Skyway Fund G.P., LLC (\"Skyway Fund GP\") is the general partner of Skyway Fund, Mini-Master and Varde Skyway Fund. Varde Investment Partners G.P., LLC (\"VIP GP\") is the general partner of VIPO. VIP GP is the general partner of Fund VI-A. VIP GP is the general partner of Fund VIP. Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F16","text":"(Continued from Footnote 15) George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Series C-1 Preferred Stock, Series C-2 Preferred Stock, the Series D Preferred Stock and the Term Loan because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities. Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F17","text":"(Continued from Footnote 16) each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":47486944,"source":{"system":"sec-edgar","filing":"0000899243-19-003767","document":"doc5.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924319003767/doc5.xml","form_type":"5"}},{"id":3657403,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":139666,"kind":"person","name":"Hicks George G","position":1,"cik":"0001706059","reported_name":"Hicks George G","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75389,"kind":"organization","name":"Varde Investment Partners (Offshore) Master, L.P.","position":2,"cik":"0001705023","reported_name":"Varde Investment Partners (Offshore) Master, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142498,"kind":"organization","name":"Varde Fund VI-A, L.P.","position":3,"cik":"0001704987","reported_name":"Varde Fund VI-A, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":4,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":5,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":6,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":7,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock","published_at":"2019-02-14T20:30:44.000Z","date":"2018-12-26","kind":"other","acquired":true,"shares":627929,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F1","text":"Pursuant to the Assignment and Assumption Agreement, dated as of December 26, 2018 (the \"Common and Preferred Stock Assignment and Assumption Agreement\"), by and among The Varde Skyway Master Fund, L.P. (\"Skyway Fund\"), The Varde Skyway Mini-Master Fund, L.P. (\"Mini-Master\") and The Varde Skyway Fund, L.P. (\"Varde Skyway Fund\"), Skyway Fund assigned all of the Skyway Fund's rights and interest in and to the Securities Purchase Agreement, dated as of January 30, 2018 (the \"Securities Purchase Agreement\"), by and among the Issuer and The Varde Fund XI (Master), L.P. (\"Fund XI\"), The Varde Fund XII (Master), L.P. (\"Fund XII\"), Skyway Fund, Varde Investment Partners, L.P. (\"VIP\"), Varde Investment Partners (Offshore) Master, L.P. (\"VIPO\") and the Varde Fund VI-A L.P. (\"Fund VI-A\" and, collectively with Fund XI, Fund XII, VIP, VIPO, and Fund VI-A, the \"Varde Parties\"), the Registration Rights Agreement, dated as of April 26, 2017,"},{"field":"price","element":"transactionPricePerShare","label":"F2","text":"(Continued from Footnote 1) by and among the Issuer and the Varde Parties (the \"Registration Rights Agreement\"), the Transaction Agreement, dated as of October 10, 2018 (the \"Transaction Agreement\"), by and among the Issuer and the Varde Parties, and the Registration Rights Agreement, dated as of October 10, 2018, by and among the Issuer and the Varde Parties (the \"October 10, 2018 Registration Rights Agreement\") to each of Mini-Master Skyway Fund and Varde Skyway Fund and each of Mini-Master Skyway Fund and Varde Skyway Fund, respectively, assumed Skyway Fund's duties and obligations under each of the Securities Purchase Agreement, the Registration Rights Agreement, the Transaction Agreement and the October 10, 2018 Registration Rights Agreement."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Pursuant to the Assignment and Assumption Agreement, dated as of December 26, 2018 (the \"Common and Preferred Stock Assignment and Assumption Agreement\"), by and among The Varde Skyway Master Fund, L.P. (\"Skyway Fund\"), The Varde Skyway Mini-Master Fund, L.P. (\"Mini-Master\") and The Varde Skyway Fund, L.P. (\"Varde Skyway Fund\"), Skyway Fund assigned all of the Skyway Fund's rights and interest in and to the Securities Purchase Agreement, dated as of January 30, 2018 (the \"Securities Purchase Agreement\"), by and among the Issuer and The Varde Fund XI (Master), L.P. (\"Fund XI\"), The Varde Fund XII (Master), L.P. (\"Fund XII\"), Skyway Fund, Varde Investment Partners, L.P. (\"VIP\"), Varde Investment Partners (Offshore) Master, L.P. (\"VIPO\") and the Varde Fund VI-A L.P. (\"Fund VI-A\" and, collectively with Fund XI, Fund XII, VIP, VIPO, and Fund VI-A, the \"Varde Parties\"), the Registration Rights Agreement, dated as of April 26, 2017,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(Continued from Footnote 1) by and among the Issuer and the Varde Parties (the \"Registration Rights Agreement\"), the Transaction Agreement, dated as of October 10, 2018 (the \"Transaction Agreement\"), by and among the Issuer and the Varde Parties, and the Registration Rights Agreement, dated as of October 10, 2018, by and among the Issuer and the Varde Parties (the \"October 10, 2018 Registration Rights Agreement\") to each of Mini-Master Skyway Fund and Varde Skyway Fund and each of Mini-Master Skyway Fund and Varde Skyway Fund, respectively, assumed Skyway Fund's duties and obligations under each of the Securities Purchase Agreement, the Registration Rights Agreement, the Transaction Agreement and the October 10, 2018 Registration Rights Agreement."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"Pursuant to the Common Stock and Preferred Stock Assignment and Assumption Agreement, Skyway Fund assigned (i) 627,929 shares of Common Stock to Mini-Master for no consideration and (ii) 145,930 shares of Common Stock to Varde Skyway Fund for no consideration. The assignment of the securities may not be considered a sale of securities under Section 16(b)."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F15","text":"Reflects securities held directly or indirectly by Fund XI, Fund XII, Skyway Fund, Mini-Master, Varde Skyway Fund, VIPO, Fund VI-A and VIP. The Varde Fund XI G.P., LLC (\"Fund XI GP\") is the general partner of Fund XI. The Varde Fund XII G.P., L.P. (\"Fund XII GP\") is the general partner of Fund XII, and The Varde Fund XII UGP, LLC (\"Fund XII UGP\") is the general partner of Fund XII GP. The Varde Skyway Fund G.P., LLC (\"Skyway Fund GP\") is the general partner of Skyway Fund, Mini-Master and Varde Skyway Fund. Varde Investment Partners G.P., LLC (\"VIP GP\") is the general partner of VIPO. VIP GP is the general partner of Fund VI-A. VIP GP is the general partner of Fund VIP. Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F16","text":"(Continued from Footnote 15) George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Series C-1 Preferred Stock, Series C-2 Preferred Stock, the Series D Preferred Stock and the Term Loan because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities. Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F17","text":"(Continued from Footnote 16) each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":47486944,"source":{"system":"sec-edgar","filing":"0000899243-19-003767","document":"doc5.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924319003767/doc5.xml","form_type":"5"}},{"id":3657402,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":139666,"kind":"person","name":"Hicks George G","position":1,"cik":"0001706059","reported_name":"Hicks George G","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75389,"kind":"organization","name":"Varde Investment Partners (Offshore) Master, L.P.","position":2,"cik":"0001705023","reported_name":"Varde Investment Partners (Offshore) Master, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142498,"kind":"organization","name":"Varde Fund VI-A, L.P.","position":3,"cik":"0001704987","reported_name":"Varde Fund VI-A, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":4,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":5,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":6,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":7,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock","published_at":"2019-02-14T20:30:44.000Z","date":"2018-12-26","kind":"other","acquired":false,"shares":773859,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F1","text":"Pursuant to the Assignment and Assumption Agreement, dated as of December 26, 2018 (the \"Common and Preferred Stock Assignment and Assumption Agreement\"), by and among The Varde Skyway Master Fund, L.P. (\"Skyway Fund\"), The Varde Skyway Mini-Master Fund, L.P. (\"Mini-Master\") and The Varde Skyway Fund, L.P. (\"Varde Skyway Fund\"), Skyway Fund assigned all of the Skyway Fund's rights and interest in and to the Securities Purchase Agreement, dated as of January 30, 2018 (the \"Securities Purchase Agreement\"), by and among the Issuer and The Varde Fund XI (Master), L.P. (\"Fund XI\"), The Varde Fund XII (Master), L.P. (\"Fund XII\"), Skyway Fund, Varde Investment Partners, L.P. (\"VIP\"), Varde Investment Partners (Offshore) Master, L.P. (\"VIPO\") and the Varde Fund VI-A L.P. (\"Fund VI-A\" and, collectively with Fund XI, Fund XII, VIP, VIPO, and Fund VI-A, the \"Varde Parties\"), the Registration Rights Agreement, dated as of April 26, 2017,"},{"field":"price","element":"transactionPricePerShare","label":"F2","text":"(Continued from Footnote 1) by and among the Issuer and the Varde Parties (the \"Registration Rights Agreement\"), the Transaction Agreement, dated as of October 10, 2018 (the \"Transaction Agreement\"), by and among the Issuer and the Varde Parties, and the Registration Rights Agreement, dated as of October 10, 2018, by and among the Issuer and the Varde Parties (the \"October 10, 2018 Registration Rights Agreement\") to each of Mini-Master Skyway Fund and Varde Skyway Fund and each of Mini-Master Skyway Fund and Varde Skyway Fund, respectively, assumed Skyway Fund's duties and obligations under each of the Securities Purchase Agreement, the Registration Rights Agreement, the Transaction Agreement and the October 10, 2018 Registration Rights Agreement."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Pursuant to the Assignment and Assumption Agreement, dated as of December 26, 2018 (the \"Common and Preferred Stock Assignment and Assumption Agreement\"), by and among The Varde Skyway Master Fund, L.P. (\"Skyway Fund\"), The Varde Skyway Mini-Master Fund, L.P. (\"Mini-Master\") and The Varde Skyway Fund, L.P. (\"Varde Skyway Fund\"), Skyway Fund assigned all of the Skyway Fund's rights and interest in and to the Securities Purchase Agreement, dated as of January 30, 2018 (the \"Securities Purchase Agreement\"), by and among the Issuer and The Varde Fund XI (Master), L.P. (\"Fund XI\"), The Varde Fund XII (Master), L.P. (\"Fund XII\"), Skyway Fund, Varde Investment Partners, L.P. (\"VIP\"), Varde Investment Partners (Offshore) Master, L.P. (\"VIPO\") and the Varde Fund VI-A L.P. (\"Fund VI-A\" and, collectively with Fund XI, Fund XII, VIP, VIPO, and Fund VI-A, the \"Varde Parties\"), the Registration Rights Agreement, dated as of April 26, 2017,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(Continued from Footnote 1) by and among the Issuer and the Varde Parties (the \"Registration Rights Agreement\"), the Transaction Agreement, dated as of October 10, 2018 (the \"Transaction Agreement\"), by and among the Issuer and the Varde Parties, and the Registration Rights Agreement, dated as of October 10, 2018, by and among the Issuer and the Varde Parties (the \"October 10, 2018 Registration Rights Agreement\") to each of Mini-Master Skyway Fund and Varde Skyway Fund and each of Mini-Master Skyway Fund and Varde Skyway Fund, respectively, assumed Skyway Fund's duties and obligations under each of the Securities Purchase Agreement, the Registration Rights Agreement, the Transaction Agreement and the October 10, 2018 Registration Rights Agreement."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"Pursuant to the Common Stock and Preferred Stock Assignment and Assumption Agreement, Skyway Fund assigned (i) 627,929 shares of Common Stock to Mini-Master for no consideration and (ii) 145,930 shares of Common Stock to Varde Skyway Fund for no consideration. The assignment of the securities may not be considered a sale of securities under Section 16(b)."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F15","text":"Reflects securities held directly or indirectly by Fund XI, Fund XII, Skyway Fund, Mini-Master, Varde Skyway Fund, VIPO, Fund VI-A and VIP. The Varde Fund XI G.P., LLC (\"Fund XI GP\") is the general partner of Fund XI. The Varde Fund XII G.P., L.P. (\"Fund XII GP\") is the general partner of Fund XII, and The Varde Fund XII UGP, LLC (\"Fund XII UGP\") is the general partner of Fund XII GP. The Varde Skyway Fund G.P., LLC (\"Skyway Fund GP\") is the general partner of Skyway Fund, Mini-Master and Varde Skyway Fund. Varde Investment Partners G.P., LLC (\"VIP GP\") is the general partner of VIPO. VIP GP is the general partner of Fund VI-A. VIP GP is the general partner of Fund VIP. Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F16","text":"(Continued from Footnote 15) George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Series C-1 Preferred Stock, Series C-2 Preferred Stock, the Series D Preferred Stock and the Term Loan because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities. Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F17","text":"(Continued from Footnote 16) each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":47486944,"source":{"system":"sec-edgar","filing":"0000899243-19-003767","document":"doc5.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924319003767/doc5.xml","form_type":"5"}},{"id":3792043,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":139666,"kind":"person","name":"Hicks George G","position":1,"cik":"0001706059","reported_name":"Hicks George G","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":2,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":3,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":4,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":5,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Convertible Debt","published_at":"2018-10-12T20:00:56.000Z","date":"2018-10-10","kind":"other","acquired":false,"price":2.74,"reported_value":56196240,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F8","text":"The amount reported reflects (i) 5,952,763 shares of Common Stock that was issued to the Reporting Persons and (ii) 8,386,082 shares of Common Stock issuable upon conversion of the Series D Preferred, each of which security in (i) and (ii) was received in consideration for the reduction in principal amount of the Term Loan."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Pursuant to the Transaction Agreement, dated as of October 10, 2018 (the \"Transaction Agreement\"), by and among the Issuer and The Varde Fund XI (Master), L.P. (\"Fund XI\"), The Varde Fund XII (Master), L.P. (\"Fund XII\"), The Varde Skyway Master Fund, L.P. (\"Skyway Fund\"), Varde Investment Partners (Offshore) Master, L.P. (\"VIPO\"), The Varde Fund VI-A, L.P. (\"Fund VI-A\") and Varde Investment Partners, L.P. (\"VIP\") (collectively, the \"Varde Parties\"), the Varde Parties purchased 25,000 shares of Series C-2 9.75% Convertible Participating Preferred Stock (the \"Series C-2 Preferred Stock\") from the Issuer in a private placement and the Issuer issued to the Varde Parties, as consideration for the reduction of a portion of the outstanding principal amount of the Term Loan (as defined in the that certain Credit Agreement,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(Continued from Footnote 1) dated as of April 26, 2017, by and among the Issuer, the guarantors from time to time party thereto, the lenders party thereto and Wilmington Trust, National Association, as administrative agent (the \"Term Loan Credit Agreement\")), together with accrued and unpaid interest thereon and the Make-Whole Amount (as defined in the Term Loan Credit Agreement), (i) 5,952,763 shares of Common Stock and (ii) 39,254 shares of Series D 8.25% Convertible Participating Preferred Stock (the \"Series D Preferred Stock\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"(Continued from Footnote 2) The Issuer has the right to redeem the Series C-2 Preferred Stock, in whole or in part at any time (subject to certain limitations on partial redemptions), at a price per share equal to (i) stated value of $1,000, subject to increase in connection with the payment of dividends (the \"Series C 2 Stated Value\") then in effect multiplied by (a) 120% if redeemed during 2018, (b) 125% if redeemed during 2019 or (c) 130% if redeemed after 2019, plus (ii) accrued and unpaid dividends thereon and any other amounts payable by the Issuer in respect thereof (the \"Series C-2 Optional Redemption Amount\").\n\nEach share of Series C-2 Preferred Stock is convertible at any time at the option of the holder into a number of shares of Common Stock equal to (i) the applicable Series C-2 Optional Redemption Amount divided by (ii) a conversion price of $6.15, subject to adjustment (the \"Series C 2 Conversion Price\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"(Continued from Footnote 3) Following the Closing Date, the aggregate number of shares of Series C-2 Preferred Stock became immediately convertible into 4,878,049 shares of Common Stock, based on an initial Series C 2 Conversion Price of $6.15 and the initial Series C 2 Optional Redemption Amount of 120% of the Series C 2 Stated Value.\n\nThe Issuer has the right to redeem the Series D Preferred Stock, in whole or in part at any time (subject to certain limitations on partial redemptions), at a price per share equal to (i) stated value of $1,000, subject to increase in connection with the payment of dividends (the \"Series D Stated Value\") then in effect multiplied by 117.5%, plus (ii) accrued and unpaid dividends thereon and any other amounts payable by the Issuer in respect thereof (the \"Series D Optional Redemption Amount\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"(Continued from Footnote 4) Each share of Series D Preferred Stock is convertible at any time at the option of the holder into a number of shares of Common Stock equal to (i) the applicable Series D Optional Redemption Amount divided by (ii) a conversion price of $5.50, subject to adjustment (the \"Series D Conversion Price\").\n\nFollowing the Closing Date, the aggregate number of shares of Series D Preferred Stock became immediately convertible into 8,386,082 shares of Common Stock, based on an initial Series D Conversion Price of $5.50 and the initial Series D Optional Redemption Amount of 117.5% of the Series D Stated Value."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F9","text":"Reflects securities held directly or indirectly by Fund XI, Fund XII, Skyway Fund, VIPO, Fund VI-A and VIP. The Varde Fund XI G.P., LLC (\"Fund XI GP\") is the general partner of Fund XI. The Varde Fund XII G.P., L.P. (\"Fund XII GP\") is the general partner of Fund XII, and The Varde Fund XII UGP, LLC (\"Fund XII UGP\") is the general partner of Fund XII GP. The Varde Skyway Fund G.P., LLC (\"Skyway Fund GP\") is the general partner of Skyway Fund. Varde Investment Partners G.P., LLC (\"VIP GP\") is the general partner of VIPO. VIP GP is the general partner of Fund VI-A. VIP GP is the general partner of Fund VIP. Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F10","text":"(Continued from Footnote 9) George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Series C 2 Preferred Stock and the Series D Preferred Stock because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities. Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"derivative":{"exercise_price":5.5,"exercise_date":"2018-10-10","expiration_date":"2021-04-26","underlying":"Common Stock, $0.001 par value","underlying_shares":14338845},"source":{"system":"sec-edgar","filing":"0000899243-18-026664","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":4,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924318026664/doc4.xml","form_type":"4"}},{"id":3792042,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":139666,"kind":"person","name":"Hicks George G","position":1,"cik":"0001706059","reported_name":"Hicks George G","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":2,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":3,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":4,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":5,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series D 8.25% Convertible Participating Preferred Stock","published_at":"2018-10-12T20:00:56.000Z","date":"2018-10-10","kind":"other","acquired":true,"shares":39254,"price":5.5,"value":215897.0,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"derivative.expiration_date","element":"expirationDate","label":"F12","text":"The Series D Preferred Stock is perpetual and has no expiration date. The amount reported reflects the amount of shares of Common Stock issuable upon conversion of the Series D Preferred Stock."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F7","text":"The amount reported reflects the amount of shares of Common Stock issuable upon conversion of the Series D Preferred Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Pursuant to the Transaction Agreement, dated as of October 10, 2018 (the \"Transaction Agreement\"), by and among the Issuer and The Varde Fund XI (Master), L.P. (\"Fund XI\"), The Varde Fund XII (Master), L.P. (\"Fund XII\"), The Varde Skyway Master Fund, L.P. (\"Skyway Fund\"), Varde Investment Partners (Offshore) Master, L.P. (\"VIPO\"), The Varde Fund VI-A, L.P. (\"Fund VI-A\") and Varde Investment Partners, L.P. (\"VIP\") (collectively, the \"Varde Parties\"), the Varde Parties purchased 25,000 shares of Series C-2 9.75% Convertible Participating Preferred Stock (the \"Series C-2 Preferred Stock\") from the Issuer in a private placement and the Issuer issued to the Varde Parties, as consideration for the reduction of a portion of the outstanding principal amount of the Term Loan (as defined in the that certain Credit Agreement,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(Continued from Footnote 1) dated as of April 26, 2017, by and among the Issuer, the guarantors from time to time party thereto, the lenders party thereto and Wilmington Trust, National Association, as administrative agent (the \"Term Loan Credit Agreement\")), together with accrued and unpaid interest thereon and the Make-Whole Amount (as defined in the Term Loan Credit Agreement), (i) 5,952,763 shares of Common Stock and (ii) 39,254 shares of Series D 8.25% Convertible Participating Preferred Stock (the \"Series D Preferred Stock\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"(Continued from Footnote 2) The Issuer has the right to redeem the Series C-2 Preferred Stock, in whole or in part at any time (subject to certain limitations on partial redemptions), at a price per share equal to (i) stated value of $1,000, subject to increase in connection with the payment of dividends (the \"Series C 2 Stated Value\") then in effect multiplied by (a) 120% if redeemed during 2018, (b) 125% if redeemed during 2019 or (c) 130% if redeemed after 2019, plus (ii) accrued and unpaid dividends thereon and any other amounts payable by the Issuer in respect thereof (the \"Series C-2 Optional Redemption Amount\").\n\nEach share of Series C-2 Preferred Stock is convertible at any time at the option of the holder into a number of shares of Common Stock equal to (i) the applicable Series C-2 Optional Redemption Amount divided by (ii) a conversion price of $6.15, subject to adjustment (the \"Series C 2 Conversion Price\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"(Continued from Footnote 3) Following the Closing Date, the aggregate number of shares of Series C-2 Preferred Stock became immediately convertible into 4,878,049 shares of Common Stock, based on an initial Series C 2 Conversion Price of $6.15 and the initial Series C 2 Optional Redemption Amount of 120% of the Series C 2 Stated Value.\n\nThe Issuer has the right to redeem the Series D Preferred Stock, in whole or in part at any time (subject to certain limitations on partial redemptions), at a price per share equal to (i) stated value of $1,000, subject to increase in connection with the payment of dividends (the \"Series D Stated Value\") then in effect multiplied by 117.5%, plus (ii) accrued and unpaid dividends thereon and any other amounts payable by the Issuer in respect thereof (the \"Series D Optional Redemption Amount\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"(Continued from Footnote 4) Each share of Series D Preferred Stock is convertible at any time at the option of the holder into a number of shares of Common Stock equal to (i) the applicable Series D Optional Redemption Amount divided by (ii) a conversion price of $5.50, subject to adjustment (the \"Series D Conversion Price\").\n\nFollowing the Closing Date, the aggregate number of shares of Series D Preferred Stock became immediately convertible into 8,386,082 shares of Common Stock, based on an initial Series D Conversion Price of $5.50 and the initial Series D Optional Redemption Amount of 117.5% of the Series D Stated Value."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F9","text":"Reflects securities held directly or indirectly by Fund XI, Fund XII, Skyway Fund, VIPO, Fund VI-A and VIP. The Varde Fund XI G.P., LLC (\"Fund XI GP\") is the general partner of Fund XI. The Varde Fund XII G.P., L.P. (\"Fund XII GP\") is the general partner of Fund XII, and The Varde Fund XII UGP, LLC (\"Fund XII UGP\") is the general partner of Fund XII GP. The Varde Skyway Fund G.P., LLC (\"Skyway Fund GP\") is the general partner of Skyway Fund. Varde Investment Partners G.P., LLC (\"VIP GP\") is the general partner of VIPO. VIP GP is the general partner of Fund VI-A. VIP GP is the general partner of Fund VIP. Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F10","text":"(Continued from Footnote 9) George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Series C 2 Preferred Stock and the Series D Preferred Stock because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities. Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":39254,"derivative":{"exercise_price":5.5,"exercise_date":"2018-10-10","underlying":"Common Stock, $0.001 par value","underlying_shares":8386082},"source":{"system":"sec-edgar","filing":"0000899243-18-026664","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924318026664/doc4.xml","form_type":"4"}},{"id":3792041,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":139666,"kind":"person","name":"Hicks George G","position":1,"cik":"0001706059","reported_name":"Hicks George G","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":2,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":3,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":4,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":5,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series C-2 9.75% Convertible Participating Preferred Stock","published_at":"2018-10-12T20:00:56.000Z","date":"2018-10-10","kind":"other","acquired":true,"shares":25000,"price":6.15,"value":153750.0,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"derivative.expiration_date","element":"expirationDate","label":"F11","text":"The Series C-2 Preferred Stock is perpetual and has no expiration date. The amount reported reflects the amount of shares of Common Stock issuable upon conversion of the Series C-2 Preferred Stock."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F6","text":"The amount reported reflects the amount of shares of Common Stock issuable upon conversion of the Series C-2 Preferred Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Pursuant to the Transaction Agreement, dated as of October 10, 2018 (the \"Transaction Agreement\"), by and among the Issuer and The Varde Fund XI (Master), L.P. (\"Fund XI\"), The Varde Fund XII (Master), L.P. (\"Fund XII\"), The Varde Skyway Master Fund, L.P. (\"Skyway Fund\"), Varde Investment Partners (Offshore) Master, L.P. (\"VIPO\"), The Varde Fund VI-A, L.P. (\"Fund VI-A\") and Varde Investment Partners, L.P. (\"VIP\") (collectively, the \"Varde Parties\"), the Varde Parties purchased 25,000 shares of Series C-2 9.75% Convertible Participating Preferred Stock (the \"Series C-2 Preferred Stock\") from the Issuer in a private placement and the Issuer issued to the Varde Parties, as consideration for the reduction of a portion of the outstanding principal amount of the Term Loan (as defined in the that certain Credit Agreement,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(Continued from Footnote 1) dated as of April 26, 2017, by and among the Issuer, the guarantors from time to time party thereto, the lenders party thereto and Wilmington Trust, National Association, as administrative agent (the \"Term Loan Credit Agreement\")), together with accrued and unpaid interest thereon and the Make-Whole Amount (as defined in the Term Loan Credit Agreement), (i) 5,952,763 shares of Common Stock and (ii) 39,254 shares of Series D 8.25% Convertible Participating Preferred Stock (the \"Series D Preferred Stock\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"(Continued from Footnote 2) The Issuer has the right to redeem the Series C-2 Preferred Stock, in whole or in part at any time (subject to certain limitations on partial redemptions), at a price per share equal to (i) stated value of $1,000, subject to increase in connection with the payment of dividends (the \"Series C 2 Stated Value\") then in effect multiplied by (a) 120% if redeemed during 2018, (b) 125% if redeemed during 2019 or (c) 130% if redeemed after 2019, plus (ii) accrued and unpaid dividends thereon and any other amounts payable by the Issuer in respect thereof (the \"Series C-2 Optional Redemption Amount\").\n\nEach share of Series C-2 Preferred Stock is convertible at any time at the option of the holder into a number of shares of Common Stock equal to (i) the applicable Series C-2 Optional Redemption Amount divided by (ii) a conversion price of $6.15, subject to adjustment (the \"Series C 2 Conversion Price\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"(Continued from Footnote 3) Following the Closing Date, the aggregate number of shares of Series C-2 Preferred Stock became immediately convertible into 4,878,049 shares of Common Stock, based on an initial Series C 2 Conversion Price of $6.15 and the initial Series C 2 Optional Redemption Amount of 120% of the Series C 2 Stated Value.\n\nThe Issuer has the right to redeem the Series D Preferred Stock, in whole or in part at any time (subject to certain limitations on partial redemptions), at a price per share equal to (i) stated value of $1,000, subject to increase in connection with the payment of dividends (the \"Series D Stated Value\") then in effect multiplied by 117.5%, plus (ii) accrued and unpaid dividends thereon and any other amounts payable by the Issuer in respect thereof (the \"Series D Optional Redemption Amount\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"(Continued from Footnote 4) Each share of Series D Preferred Stock is convertible at any time at the option of the holder into a number of shares of Common Stock equal to (i) the applicable Series D Optional Redemption Amount divided by (ii) a conversion price of $5.50, subject to adjustment (the \"Series D Conversion Price\").\n\nFollowing the Closing Date, the aggregate number of shares of Series D Preferred Stock became immediately convertible into 8,386,082 shares of Common Stock, based on an initial Series D Conversion Price of $5.50 and the initial Series D Optional Redemption Amount of 117.5% of the Series D Stated Value."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F9","text":"Reflects securities held directly or indirectly by Fund XI, Fund XII, Skyway Fund, VIPO, Fund VI-A and VIP. The Varde Fund XI G.P., LLC (\"Fund XI GP\") is the general partner of Fund XI. The Varde Fund XII G.P., L.P. (\"Fund XII GP\") is the general partner of Fund XII, and The Varde Fund XII UGP, LLC (\"Fund XII UGP\") is the general partner of Fund XII GP. The Varde Skyway Fund G.P., LLC (\"Skyway Fund GP\") is the general partner of Skyway Fund. Varde Investment Partners G.P., LLC (\"VIP GP\") is the general partner of VIPO. VIP GP is the general partner of Fund VI-A. VIP GP is the general partner of Fund VIP. Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F10","text":"(Continued from Footnote 9) George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Series C 2 Preferred Stock and the Series D Preferred Stock because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities. Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":25000,"derivative":{"exercise_price":6.15,"exercise_date":"2018-10-10","underlying":"Common Stock, $0.001 par value","underlying_shares":4878049},"source":{"system":"sec-edgar","filing":"0000899243-18-026664","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924318026664/doc4.xml","form_type":"4"}},{"id":3792040,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":139666,"kind":"person","name":"Hicks George G","position":1,"cik":"0001706059","reported_name":"Hicks George G","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":2,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":3,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":4,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":5,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock","published_at":"2018-10-12T20:00:56.000Z","date":"2018-10-10","kind":"other","acquired":true,"shares":5952763,"price":5,"value":29763815.0,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"Pursuant to the Transaction Agreement, dated as of October 10, 2018 (the \"Transaction Agreement\"), by and among the Issuer and The Varde Fund XI (Master), L.P. (\"Fund XI\"), The Varde Fund XII (Master), L.P. (\"Fund XII\"), The Varde Skyway Master Fund, L.P. (\"Skyway Fund\"), Varde Investment Partners (Offshore) Master, L.P. (\"VIPO\"), The Varde Fund VI-A, L.P. (\"Fund VI-A\") and Varde Investment Partners, L.P. (\"VIP\") (collectively, the \"Varde Parties\"), the Varde Parties purchased 25,000 shares of Series C-2 9.75% Convertible Participating Preferred Stock (the \"Series C-2 Preferred Stock\") from the Issuer in a private placement and the Issuer issued to the Varde Parties, as consideration for the reduction of a portion of the outstanding principal amount of the Term Loan (as defined in the that certain Credit Agreement,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(Continued from Footnote 1) dated as of April 26, 2017, by and among the Issuer, the guarantors from time to time party thereto, the lenders party thereto and Wilmington Trust, National Association, as administrative agent (the \"Term Loan Credit Agreement\")), together with accrued and unpaid interest thereon and the Make-Whole Amount (as defined in the Term Loan Credit Agreement), (i) 5,952,763 shares of Common Stock and (ii) 39,254 shares of Series D 8.25% Convertible Participating Preferred Stock (the \"Series D Preferred Stock\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"(Continued from Footnote 2) The Issuer has the right to redeem the Series C-2 Preferred Stock, in whole or in part at any time (subject to certain limitations on partial redemptions), at a price per share equal to (i) stated value of $1,000, subject to increase in connection with the payment of dividends (the \"Series C 2 Stated Value\") then in effect multiplied by (a) 120% if redeemed during 2018, (b) 125% if redeemed during 2019 or (c) 130% if redeemed after 2019, plus (ii) accrued and unpaid dividends thereon and any other amounts payable by the Issuer in respect thereof (the \"Series C-2 Optional Redemption Amount\").\n\nEach share of Series C-2 Preferred Stock is convertible at any time at the option of the holder into a number of shares of Common Stock equal to (i) the applicable Series C-2 Optional Redemption Amount divided by (ii) a conversion price of $6.15, subject to adjustment (the \"Series C 2 Conversion Price\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"(Continued from Footnote 3) Following the Closing Date, the aggregate number of shares of Series C-2 Preferred Stock became immediately convertible into 4,878,049 shares of Common Stock, based on an initial Series C 2 Conversion Price of $6.15 and the initial Series C 2 Optional Redemption Amount of 120% of the Series C 2 Stated Value.\n\nThe Issuer has the right to redeem the Series D Preferred Stock, in whole or in part at any time (subject to certain limitations on partial redemptions), at a price per share equal to (i) stated value of $1,000, subject to increase in connection with the payment of dividends (the \"Series D Stated Value\") then in effect multiplied by 117.5%, plus (ii) accrued and unpaid dividends thereon and any other amounts payable by the Issuer in respect thereof (the \"Series D Optional Redemption Amount\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"(Continued from Footnote 4) Each share of Series D Preferred Stock is convertible at any time at the option of the holder into a number of shares of Common Stock equal to (i) the applicable Series D Optional Redemption Amount divided by (ii) a conversion price of $5.50, subject to adjustment (the \"Series D Conversion Price\").\n\nFollowing the Closing Date, the aggregate number of shares of Series D Preferred Stock became immediately convertible into 8,386,082 shares of Common Stock, based on an initial Series D Conversion Price of $5.50 and the initial Series D Optional Redemption Amount of 117.5% of the Series D Stated Value."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F9","text":"Reflects securities held directly or indirectly by Fund XI, Fund XII, Skyway Fund, VIPO, Fund VI-A and VIP. The Varde Fund XI G.P., LLC (\"Fund XI GP\") is the general partner of Fund XI. The Varde Fund XII G.P., L.P. (\"Fund XII GP\") is the general partner of Fund XII, and The Varde Fund XII UGP, LLC (\"Fund XII UGP\") is the general partner of Fund XII GP. The Varde Skyway Fund G.P., LLC (\"Skyway Fund GP\") is the general partner of Skyway Fund. Varde Investment Partners G.P., LLC (\"VIP GP\") is the general partner of VIPO. VIP GP is the general partner of Fund VI-A. VIP GP is the general partner of Fund VIP. Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F10","text":"(Continued from Footnote 9) George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Series C 2 Preferred Stock and the Series D Preferred Stock because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities. Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":47486944,"source":{"system":"sec-edgar","filing":"0000899243-18-026664","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924318026664/doc4.xml","form_type":"4"}},{"id":4079789,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":1,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":2,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":3,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":4,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series C Convertible Paricipating Preferred Stock","published_at":"2018-02-02T18:40:35.000Z","date":"2018-01-31","kind":"purchase","acquired":true,"shares":6800,"price":1000,"value":6800000.0,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"derivative.expiration_date","element":"expirationDate","label":"F2","text":"The Series C Preferred Stock is perpetual and has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F3","text":"The amount reported reflects the amount of shares of Common Stock issuable upon conversion of the Series C Preferred Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"On January 30, 2018, the Issuer and The Varde Fund XI (Master), L.P. (\"Fund XI\"), The Varde Fund XII (Master), L.P. (\"Fund XII\"), The Varde Skyway Master Fund, L.P. (\"Skyway Fund\"), Varde Investment Partners (Offshore) Master, L.P. (\"VIPO\"), The Varde  Fund VI-A, L.P. (\"Fund VI-A\") and Varde Investment Partners, L.P. (\"VIP\") (collectively, the \"Purchasers\") entered into a Securities Purchase Agreement (the \"Securities Purchase Agreement\"), pursuant to which on January 31, 2018 (the \"Closing Date\") the Purchasers purchased 100,000 shares of Series C Preferred Stock, from the Issuer in a private placement."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"The Series C Preferred Stock is perpetual and has no expiration date."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F9","text":"10 Reflects securities held directly by VIP. VIP GP is the general partner of Fund VIP."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F10","text":"Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above, George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Series C Preferred Stock because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F11","text":"Due to limitations of the electronic filing system, certain Reporting Persons are filing a separate Form 4."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F12","text":"Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":2964269.33,"derivative":{"exercise_price":6.15,"exercise_date":"2018-01-31","underlying":"Common Stock, $0.001 par value","underlying_shares":1326829},"source":{"system":"sec-edgar","filing":"0000899243-18-002706","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":6,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924318002706/doc4.xml","form_type":"4"}},{"id":4079788,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":1,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":2,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":3,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":4,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series C Convertible Paricipating Preferred Stock","published_at":"2018-02-02T18:40:35.000Z","date":"2018-01-31","kind":"purchase","acquired":true,"shares":3000,"price":1000,"value":3000000.0,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"derivative.expiration_date","element":"expirationDate","label":"F2","text":"The Series C Preferred Stock is perpetual and has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F3","text":"The amount reported reflects the amount of shares of Common Stock issuable upon conversion of the Series C Preferred Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"On January 30, 2018, the Issuer and The Varde Fund XI (Master), L.P. (\"Fund XI\"), The Varde Fund XII (Master), L.P. (\"Fund XII\"), The Varde Skyway Master Fund, L.P. (\"Skyway Fund\"), Varde Investment Partners (Offshore) Master, L.P. (\"VIPO\"), The Varde  Fund VI-A, L.P. (\"Fund VI-A\") and Varde Investment Partners, L.P. (\"VIP\") (collectively, the \"Purchasers\") entered into a Securities Purchase Agreement (the \"Securities Purchase Agreement\"), pursuant to which on January 31, 2018 (the \"Closing Date\") the Purchasers purchased 100,000 shares of Series C Preferred Stock, from the Issuer in a private placement."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"The Series C Preferred Stock is perpetual and has no expiration date."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F8","text":"Reflects securities held directly by The Fund VI-A. VIP GP is the general partner of Fund VI-A."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F10","text":"Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above, George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Series C Preferred Stock because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F11","text":"Due to limitations of the electronic filing system, certain Reporting Persons are filing a separate Form 4."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F12","text":"Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":1307765.88,"derivative":{"exercise_price":6.15,"exercise_date":"2018-01-31","underlying":"Common Stock, $0.001 par value","underlying_shares":585365},"source":{"system":"sec-edgar","filing":"0000899243-18-002706","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":5,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924318002706/doc4.xml","form_type":"4"}},{"id":4079787,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":1,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":2,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":3,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":4,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series C Convertible Paricipating Preferred Stock","published_at":"2018-02-02T18:40:35.000Z","date":"2018-01-31","kind":"purchase","acquired":true,"shares":6000,"price":1000,"value":6000000.0,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"derivative.expiration_date","element":"expirationDate","label":"F2","text":"The Series C Preferred Stock is perpetual and has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F3","text":"The amount reported reflects the amount of shares of Common Stock issuable upon conversion of the Series C Preferred Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"On January 30, 2018, the Issuer and The Varde Fund XI (Master), L.P. (\"Fund XI\"), The Varde Fund XII (Master), L.P. (\"Fund XII\"), The Varde Skyway Master Fund, L.P. (\"Skyway Fund\"), Varde Investment Partners (Offshore) Master, L.P. (\"VIPO\"), The Varde  Fund VI-A, L.P. (\"Fund VI-A\") and Varde Investment Partners, L.P. (\"VIP\") (collectively, the \"Purchasers\") entered into a Securities Purchase Agreement (the \"Securities Purchase Agreement\"), pursuant to which on January 31, 2018 (the \"Closing Date\") the Purchasers purchased 100,000 shares of Series C Preferred Stock, from the Issuer in a private placement."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"The Series C Preferred Stock is perpetual and has no expiration date."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F7","text":"Reflects securities held directly by VIPO. Varde Investment Partners G.P., LLC (\"VIP GP\") is the general partner of VIP Offshore."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F10","text":"Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above, George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Series C Preferred Stock because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F11","text":"Due to limitations of the electronic filing system, certain Reporting Persons are filing a separate Form 4."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F12","text":"Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":2615531.76,"derivative":{"exercise_price":6.15,"exercise_date":"2018-01-31","underlying":"Common Stock, $0.001 par value","underlying_shares":1170731},"source":{"system":"sec-edgar","filing":"0000899243-18-002706","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":4,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924318002706/doc4.xml","form_type":"4"}},{"id":4079786,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":1,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":2,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":3,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":4,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series C Convertible Paricipating Preferred Stock","published_at":"2018-02-02T18:40:35.000Z","date":"2018-01-31","kind":"purchase","acquired":true,"shares":13000,"price":1000,"value":13000000.0,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"derivative.expiration_date","element":"expirationDate","label":"F2","text":"The Series C Preferred Stock is perpetual and has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F3","text":"The amount reported reflects the amount of shares of Common Stock issuable upon conversion of the Series C Preferred Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"On January 30, 2018, the Issuer and The Varde Fund XI (Master), L.P. (\"Fund XI\"), The Varde Fund XII (Master), L.P. (\"Fund XII\"), The Varde Skyway Master Fund, L.P. (\"Skyway Fund\"), Varde Investment Partners (Offshore) Master, L.P. (\"VIPO\"), The Varde  Fund VI-A, L.P. (\"Fund VI-A\") and Varde Investment Partners, L.P. (\"VIP\") (collectively, the \"Purchasers\") entered into a Securities Purchase Agreement (the \"Securities Purchase Agreement\"), pursuant to which on January 31, 2018 (the \"Closing Date\") the Purchasers purchased 100,000 shares of Series C Preferred Stock, from the Issuer in a private placement."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"The Series C Preferred Stock is perpetual and has no expiration date."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F6","text":"Reflects securities held directly by Skyway Fund. The Varde Skyway Fund G.P., LLC (\"Skyway Fund GP\") is the general partner of Skyway Fund."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F10","text":"Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above, George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Series C Preferred Stock because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F11","text":"Due to limitations of the electronic filing system, certain Reporting Persons are filing a separate Form 4."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F12","text":"Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":5666985,"derivative":{"exercise_price":6.15,"exercise_date":"2018-01-31","underlying":"Common Stock, $0.001 par value","underlying_shares":2536585},"source":{"system":"sec-edgar","filing":"0000899243-18-002706","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924318002706/doc4.xml","form_type":"4"}},{"id":4079785,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":1,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":2,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":3,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":4,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series C Convertible Paricipating Preferred Stock","published_at":"2018-02-02T18:40:35.000Z","date":"2018-01-31","kind":"purchase","acquired":true,"shares":29600,"price":1000,"value":29600000.0,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"derivative.expiration_date","element":"expirationDate","label":"F2","text":"The Series C Preferred Stock is perpetual and has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F3","text":"The amount reported reflects the amount of shares of Common Stock issuable upon conversion of the Series C Preferred Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"On January 30, 2018, the Issuer and The Varde Fund XI (Master), L.P. (\"Fund XI\"), The Varde Fund XII (Master), L.P. (\"Fund XII\"), The Varde Skyway Master Fund, L.P. (\"Skyway Fund\"), Varde Investment Partners (Offshore) Master, L.P. (\"VIPO\"), The Varde  Fund VI-A, L.P. (\"Fund VI-A\") and Varde Investment Partners, L.P. (\"VIP\") (collectively, the \"Purchasers\") entered into a Securities Purchase Agreement (the \"Securities Purchase Agreement\"), pursuant to which on January 31, 2018 (the \"Closing Date\") the Purchasers purchased 100,000 shares of Series C Preferred Stock, from the Issuer in a private placement."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"The Series C Preferred Stock is perpetual and has no expiration date."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"Reflects securities held directly by Fund XII. The Varde Fund XII G.P., L.P. (\"Fund XII GP\") is the general partner of Fund XII, and The Varde Fund XII UGP, LLC (\"Fund XII UGP\") is the general partner of Fund XII GP."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F10","text":"Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above, George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Series C Preferred Stock because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F11","text":"Due to limitations of the electronic filing system, certain Reporting Persons are filing a separate Form 4."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F12","text":"Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":12903290,"derivative":{"exercise_price":6.15,"exercise_date":"2018-01-31","underlying":"Common Stock, $0.001 par value","underlying_shares":5775610},"source":{"system":"sec-edgar","filing":"0000899243-18-002706","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924318002706/doc4.xml","form_type":"4"}},{"id":4079784,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":1,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":2,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":3,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":4,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series C Convertible Paricipating Preferred Stock","published_at":"2018-02-02T18:40:35.000Z","date":"2018-01-31","kind":"purchase","acquired":true,"shares":41600,"price":1000,"value":41600000.0,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"derivative.expiration_date","element":"expirationDate","label":"F2","text":"The Series C Preferred Stock is perpetual and has no expiration date."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F3","text":"The amount reported reflects the amount of shares of Common Stock issuable upon conversion of the Series C Preferred Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"On January 30, 2018, the Issuer and The Varde Fund XI (Master), L.P. (\"Fund XI\"), The Varde Fund XII (Master), L.P. (\"Fund XII\"), The Varde Skyway Master Fund, L.P. (\"Skyway Fund\"), Varde Investment Partners (Offshore) Master, L.P. (\"VIPO\"), The Varde  Fund VI-A, L.P. (\"Fund VI-A\") and Varde Investment Partners, L.P. (\"VIP\") (collectively, the \"Purchasers\") entered into a Securities Purchase Agreement (the \"Securities Purchase Agreement\"), pursuant to which on January 31, 2018 (the \"Closing Date\") the Purchasers purchased 100,000 shares of Series C Preferred Stock, from the Issuer in a private placement."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"The Series C Preferred Stock is perpetual and has no expiration date."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"Reflects securities held directly by Fund XI. The Varde Fund XI G.P., LLC (\"Fund XI GP\") is the general partner of Fund XI."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F10","text":"Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above, George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Series C Preferred Stock because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F11","text":"Due to limitations of the electronic filing system, certain Reporting Persons are filing a separate Form 4."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F12","text":"Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":18134353,"derivative":{"exercise_price":6.15,"exercise_date":"2018-01-31","underlying":"Common Stock, $0.001 par value","underlying_shares":8117073},"source":{"system":"sec-edgar","filing":"0000899243-18-002706","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924318002706/doc4.xml","form_type":"4"}},{"id":4104448,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":1,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":2,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":3,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":4,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Convertible Debt","published_at":"2018-01-08T17:53:37.000Z","date":"2018-01-04","kind":"other","acquired":true,"shares":485520,"price":5.5,"value":2670360.0,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F3","text":"The amount reported reflects the amount of shares of Common Stock issuable upon conversion of the additional $45 million of delayed draw terms loans."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"On April 26, 2017, Lilis Energy, Inc. (the \"Issuer\") entered into a Credit Agreement (the \"Credit Agreement\") among the Issuer, certain subsidiaries of the Issuer, as guarantors and The Varde Fund XI (Master), L.P., The Varde Fund XII (Master), L.P., The Varde Skyway Master Fund, L.P., The Varde Fund VI-A, L.P., Varde Investment Partners, L.P. and Varde Investment Partners (Offshore) Master, L.P. (collectively, the \"Lenders\").  Pursuant to the Credit Agreement, the Lenders extended a second lien term loan facility providing for convertible term loans. On January 4, 2018, the Issuer notified the Reporting Persons that the conditions precedent to the ability to convert an additional $45 million in delayed draw term loans that were borrowed on October 4, 2017 had been met."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(Continued from Footnote 1) 70% of the aggregate principal amount of the term loans, plus accrued and unpaid interest to the conversion date and a \"make-whole\" premium is convertible, at the Lenders' option, into a number of the Issuer's shares of common stock at a conversion price (subject to adjustment) of $5.50 per share."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F9","text":"Reflects securities held directly by Varde Investment Partners, L.P. (\"VIP\"). VIP GP is the general partner of Fund VIP."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F10","text":"Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above, George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Initial Term Loan because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F11","text":"Due to limitations of the electronic filing system, certain Reporting Persons are filing a separate Form 4."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F12","text":"Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":1637440,"derivative":{"exercise_price":5.5,"exercise_date":"2018-01-04","expiration_date":"2021-04-26","underlying":"Common Stock, $0.001 par value","underlying_shares":485520},"source":{"system":"sec-edgar","filing":"0000899243-18-000720","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":6,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924318000720/doc4.xml","form_type":"4"}},{"id":4104447,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":1,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":2,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":3,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":4,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Convertible Debt","published_at":"2018-01-08T17:53:37.000Z","date":"2018-01-04","kind":"other","acquired":true,"shares":214200,"price":5.5,"value":1178100.0,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F3","text":"The amount reported reflects the amount of shares of Common Stock issuable upon conversion of the additional $45 million of delayed draw terms loans."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"On April 26, 2017, Lilis Energy, Inc. (the \"Issuer\") entered into a Credit Agreement (the \"Credit Agreement\") among the Issuer, certain subsidiaries of the Issuer, as guarantors and The Varde Fund XI (Master), L.P., The Varde Fund XII (Master), L.P., The Varde Skyway Master Fund, L.P., The Varde Fund VI-A, L.P., Varde Investment Partners, L.P. and Varde Investment Partners (Offshore) Master, L.P. (collectively, the \"Lenders\").  Pursuant to the Credit Agreement, the Lenders extended a second lien term loan facility providing for convertible term loans. On January 4, 2018, the Issuer notified the Reporting Persons that the conditions precedent to the ability to convert an additional $45 million in delayed draw term loans that were borrowed on October 4, 2017 had been met."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(Continued from Footnote 1) 70% of the aggregate principal amount of the term loans, plus accrued and unpaid interest to the conversion date and a \"make-whole\" premium is convertible, at the Lenders' option, into a number of the Issuer's shares of common stock at a conversion price (subject to adjustment) of $5.50 per share."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F8","text":"Reflects securities held directly by The Varde Fund VI-A, L.P. (\"Fund VI-A\"). VIP GP is the general partner of Fund VI-A."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F10","text":"Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above, George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Initial Term Loan because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F11","text":"Due to limitations of the electronic filing system, certain Reporting Persons are filing a separate Form 4."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F12","text":"Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":722400,"derivative":{"exercise_price":5.5,"exercise_date":"2018-01-04","expiration_date":"2021-04-26","underlying":"Common Stock, $0.001 par value","underlying_shares":214200},"source":{"system":"sec-edgar","filing":"0000899243-18-000720","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":5,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924318000720/doc4.xml","form_type":"4"}},{"id":4104446,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":1,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":2,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":3,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":4,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Convertible Debt","published_at":"2018-01-08T17:53:37.000Z","date":"2018-01-04","kind":"other","acquired":true,"shares":428400,"price":5.5,"value":2356200.0,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F3","text":"The amount reported reflects the amount of shares of Common Stock issuable upon conversion of the additional $45 million of delayed draw terms loans."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"On April 26, 2017, Lilis Energy, Inc. (the \"Issuer\") entered into a Credit Agreement (the \"Credit Agreement\") among the Issuer, certain subsidiaries of the Issuer, as guarantors and The Varde Fund XI (Master), L.P., The Varde Fund XII (Master), L.P., The Varde Skyway Master Fund, L.P., The Varde Fund VI-A, L.P., Varde Investment Partners, L.P. and Varde Investment Partners (Offshore) Master, L.P. (collectively, the \"Lenders\").  Pursuant to the Credit Agreement, the Lenders extended a second lien term loan facility providing for convertible term loans. On January 4, 2018, the Issuer notified the Reporting Persons that the conditions precedent to the ability to convert an additional $45 million in delayed draw term loans that were borrowed on October 4, 2017 had been met."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(Continued from Footnote 1) 70% of the aggregate principal amount of the term loans, plus accrued and unpaid interest to the conversion date and a \"make-whole\" premium is convertible, at the Lenders' option, into a number of the Issuer's shares of common stock at a conversion price (subject to adjustment) of $5.50 per share."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F7","text":"Reflects securities held directly by Varde Investment Partners (Offshore) Master, L.P. (\"VIP Offshore\"). Varde Investment Partners G.P., LLC (\"VIP GP\") is the general partner of VIP Offshore."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F10","text":"Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above, George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Initial Term Loan because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F11","text":"Due to limitations of the electronic filing system, certain Reporting Persons are filing a separate Form 4."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F12","text":"Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":1444800,"derivative":{"exercise_price":5.5,"exercise_date":"2018-01-04","expiration_date":"2021-04-26","underlying":"Common Stock, $0.001 par value","underlying_shares":428400},"source":{"system":"sec-edgar","filing":"0000899243-18-000720","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":4,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924318000720/doc4.xml","form_type":"4"}},{"id":4104445,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":1,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":2,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":3,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":4,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Convertible Debt","published_at":"2018-01-08T17:53:37.000Z","date":"2018-01-04","kind":"other","acquired":true,"shares":928200,"price":5.5,"value":5105100.0,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F3","text":"The amount reported reflects the amount of shares of Common Stock issuable upon conversion of the additional $45 million of delayed draw terms loans."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"On April 26, 2017, Lilis Energy, Inc. (the \"Issuer\") entered into a Credit Agreement (the \"Credit Agreement\") among the Issuer, certain subsidiaries of the Issuer, as guarantors and The Varde Fund XI (Master), L.P., The Varde Fund XII (Master), L.P., The Varde Skyway Master Fund, L.P., The Varde Fund VI-A, L.P., Varde Investment Partners, L.P. and Varde Investment Partners (Offshore) Master, L.P. (collectively, the \"Lenders\").  Pursuant to the Credit Agreement, the Lenders extended a second lien term loan facility providing for convertible term loans. On January 4, 2018, the Issuer notified the Reporting Persons that the conditions precedent to the ability to convert an additional $45 million in delayed draw term loans that were borrowed on October 4, 2017 had been met."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(Continued from Footnote 1) 70% of the aggregate principal amount of the term loans, plus accrued and unpaid interest to the conversion date and a \"make-whole\" premium is convertible, at the Lenders' option, into a number of the Issuer's shares of common stock at a conversion price (subject to adjustment) of $5.50 per share."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F6","text":"Reflects securities held directly by The Varde Skyway Master Fund, L.P. (\"Skyway Fund\"). The Varde Skyway Fund G.P., LLC (\"Skyway Fund GP\") is the general partner of Skyway Fund."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F10","text":"Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above, George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Initial Term Loan because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F11","text":"Due to limitations of the electronic filing system, certain Reporting Persons are filing a separate Form 4."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F12","text":"Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":3130400,"derivative":{"exercise_price":5.5,"exercise_date":"2018-01-04","expiration_date":"2021-04-26","underlying":"Common Stock, $0.001 par value","underlying_shares":928200},"source":{"system":"sec-edgar","filing":"0000899243-18-000720","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924318000720/doc4.xml","form_type":"4"}},{"id":4104444,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":1,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":2,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":3,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":4,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Convertible Debt","published_at":"2018-01-08T17:53:37.000Z","date":"2018-01-04","kind":"other","acquired":true,"shares":2113440,"price":5.5,"value":11623920.0,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F3","text":"The amount reported reflects the amount of shares of Common Stock issuable upon conversion of the additional $45 million of delayed draw terms loans."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"On April 26, 2017, Lilis Energy, Inc. (the \"Issuer\") entered into a Credit Agreement (the \"Credit Agreement\") among the Issuer, certain subsidiaries of the Issuer, as guarantors and The Varde Fund XI (Master), L.P., The Varde Fund XII (Master), L.P., The Varde Skyway Master Fund, L.P., The Varde Fund VI-A, L.P., Varde Investment Partners, L.P. and Varde Investment Partners (Offshore) Master, L.P. (collectively, the \"Lenders\").  Pursuant to the Credit Agreement, the Lenders extended a second lien term loan facility providing for convertible term loans. On January 4, 2018, the Issuer notified the Reporting Persons that the conditions precedent to the ability to convert an additional $45 million in delayed draw term loans that were borrowed on October 4, 2017 had been met."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(Continued from Footnote 1) 70% of the aggregate principal amount of the term loans, plus accrued and unpaid interest to the conversion date and a \"make-whole\" premium is convertible, at the Lenders' option, into a number of the Issuer's shares of common stock at a conversion price (subject to adjustment) of $5.50 per share."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"Reflects securities held directly by The Varde Fund XII (Master), L.P. (\"Fund XII\"). The Varde Fund XII G.P., L.P. (\"Fund XII GP\") is the general partner of Fund XII, and The Varde Fund XII UGP, LLC (\"Fund XII UGP\") is the general partner of Fund XII GP."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F10","text":"Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above, George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Initial Term Loan because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F11","text":"Due to limitations of the electronic filing system, certain Reporting Persons are filing a separate Form 4."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F12","text":"Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":7127680,"derivative":{"exercise_price":5.5,"exercise_date":"2018-01-04","expiration_date":"2021-04-26","underlying":"Common Stock, $0.001 par value","underlying_shares":2113440},"source":{"system":"sec-edgar","filing":"0000899243-18-000720","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924318000720/doc4.xml","form_type":"4"}},{"id":4104443,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":1,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":2,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":3,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":4,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Convertible Debt","published_at":"2018-01-08T17:53:37.000Z","date":"2018-01-04","kind":"other","acquired":true,"shares":2970240,"price":5.5,"value":16336320.0,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F3","text":"The amount reported reflects the amount of shares of Common Stock issuable upon conversion of the additional $45 million of delayed draw terms loans."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"On April 26, 2017, Lilis Energy, Inc. (the \"Issuer\") entered into a Credit Agreement (the \"Credit Agreement\") among the Issuer, certain subsidiaries of the Issuer, as guarantors and The Varde Fund XI (Master), L.P., The Varde Fund XII (Master), L.P., The Varde Skyway Master Fund, L.P., The Varde Fund VI-A, L.P., Varde Investment Partners, L.P. and Varde Investment Partners (Offshore) Master, L.P. (collectively, the \"Lenders\").  Pursuant to the Credit Agreement, the Lenders extended a second lien term loan facility providing for convertible term loans. On January 4, 2018, the Issuer notified the Reporting Persons that the conditions precedent to the ability to convert an additional $45 million in delayed draw term loans that were borrowed on October 4, 2017 had been met."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(Continued from Footnote 1) 70% of the aggregate principal amount of the term loans, plus accrued and unpaid interest to the conversion date and a \"make-whole\" premium is convertible, at the Lenders' option, into a number of the Issuer's shares of common stock at a conversion price (subject to adjustment) of $5.50 per share."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"Reflects securities held directly by The Varde Fund XI (Master), L.P. (\"Fund XI\"). The Varde Fund XI G.P., LLC (\"Fund XI GP\") is the general partner of Fund XI."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F10","text":"Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above, George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Initial Term Loan because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F11","text":"Due to limitations of the electronic filing system, certain Reporting Persons are filing a separate Form 4."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F12","text":"Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":10017280,"derivative":{"exercise_price":5.5,"exercise_date":"2018-01-04","expiration_date":"2021-04-26","underlying":"Common Stock, $0.001 par value","underlying_shares":2970240},"source":{"system":"sec-edgar","filing":"0000899243-18-000720","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924318000720/doc4.xml","form_type":"4"}},{"id":4158637,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":1,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":2,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":3,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":4,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Convertible Debt","published_at":"2017-11-17T17:04:57.000Z","date":"2017-11-15","kind":"other","acquired":true,"shares":265695,"price":5.5,"value":1461322.5,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F3","text":"The amount reported reflects the amount of shares of Common Stock issuable upon conversion of the additional $25 million of delayed draw terms loans."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"On April 26, 2017, Lilis Energy, Inc. (the \"Issuer\") entered into a Credit Agreement (the \"Credit Agreement\") among the Issuer, certain subsidiaries of the Issuer, as guarantors and The Varde Fund XI (Master), L.P., The Varde Fund XII (Master), L.P., The Varde Skyway Master Fund, L.P., The Varde Fund VI-A, L.P., Varde Investment Partners, L.P. and Varde Investment Partners (Offshore) Master, L.P. (collectively, the \"Lenders\").  Pursuant to the Credit Agreement, the Lenders extended a second lien term loan facility initially consisting of $80,000,000. On November 15, 2017, the Issuer borrowed an additional $25 million of delayed draw term loans made available for borrowing pursuant to an amendment to the Credit Agreement. 70% of the aggregate principal amount of the term loans, plus accrued and unpaid interest to the conversion date and a \"make-whole\" premium is convertible,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(Continued from Footnote 1) at the Lenders' option, into a number of the Issuer's shares of common stock at a conversion price (subject to adjustment) of $5.50 per share."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F9","text":"Reflects securities held directly by Varde Investment Partners, L.P. (\"VIP\"). VIP GP is the general partner of Fund VIP."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F10","text":"Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above, George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Initial Term Loan because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F11","text":"Due to limitations of the electronic filing system, certain Reporting Persons are filing a separate Form 4."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F12","text":"Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":1151920,"derivative":{"exercise_price":5.5,"exercise_date":"2017-11-15","expiration_date":"2021-04-26","underlying":"Common Stock, $0.001 par value","underlying_shares":265695},"source":{"system":"sec-edgar","filing":"0000899243-17-026812","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":6,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924317026812/doc4.xml","form_type":"4"}},{"id":4158636,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":1,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":2,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":3,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":4,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Convertible Debt","published_at":"2017-11-17T17:04:57.000Z","date":"2017-11-15","kind":"other","acquired":true,"shares":117219,"price":5.5,"value":644704.5,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F3","text":"The amount reported reflects the amount of shares of Common Stock issuable upon conversion of the additional $25 million of delayed draw terms loans."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"On April 26, 2017, Lilis Energy, Inc. (the \"Issuer\") entered into a Credit Agreement (the \"Credit Agreement\") among the Issuer, certain subsidiaries of the Issuer, as guarantors and The Varde Fund XI (Master), L.P., The Varde Fund XII (Master), L.P., The Varde Skyway Master Fund, L.P., The Varde Fund VI-A, L.P., Varde Investment Partners, L.P. and Varde Investment Partners (Offshore) Master, L.P. (collectively, the \"Lenders\").  Pursuant to the Credit Agreement, the Lenders extended a second lien term loan facility initially consisting of $80,000,000. On November 15, 2017, the Issuer borrowed an additional $25 million of delayed draw term loans made available for borrowing pursuant to an amendment to the Credit Agreement. 70% of the aggregate principal amount of the term loans, plus accrued and unpaid interest to the conversion date and a \"make-whole\" premium is convertible,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(Continued from Footnote 1) at the Lenders' option, into a number of the Issuer's shares of common stock at a conversion price (subject to adjustment) of $5.50 per share."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F8","text":"Reflects securities held directly by The Varde Fund VI-A, L.P. (\"Fund VI-A\"). VIP GP is the general partner of Fund VI-A."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F10","text":"Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above, George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Initial Term Loan because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F11","text":"Due to limitations of the electronic filing system, certain Reporting Persons are filing a separate Form 4."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F12","text":"Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":508200,"derivative":{"exercise_price":5.5,"exercise_date":"2017-11-15","expiration_date":"2021-04-26","underlying":"Common Stock, $0.001 par value","underlying_shares":117219},"source":{"system":"sec-edgar","filing":"0000899243-17-026812","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":5,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924317026812/doc4.xml","form_type":"4"}},{"id":4158635,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":1,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":2,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":3,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":4,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Convertible Debt","published_at":"2017-11-17T17:04:57.000Z","date":"2017-11-15","kind":"other","acquired":true,"shares":324437,"price":5.5,"value":1784403.5,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F3","text":"The amount reported reflects the amount of shares of Common Stock issuable upon conversion of the additional $25 million of delayed draw terms loans."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"On April 26, 2017, Lilis Energy, Inc. (the \"Issuer\") entered into a Credit Agreement (the \"Credit Agreement\") among the Issuer, certain subsidiaries of the Issuer, as guarantors and The Varde Fund XI (Master), L.P., The Varde Fund XII (Master), L.P., The Varde Skyway Master Fund, L.P., The Varde Fund VI-A, L.P., Varde Investment Partners, L.P. and Varde Investment Partners (Offshore) Master, L.P. (collectively, the \"Lenders\").  Pursuant to the Credit Agreement, the Lenders extended a second lien term loan facility initially consisting of $80,000,000. On November 15, 2017, the Issuer borrowed an additional $25 million of delayed draw term loans made available for borrowing pursuant to an amendment to the Credit Agreement. 70% of the aggregate principal amount of the term loans, plus accrued and unpaid interest to the conversion date and a \"make-whole\" premium is convertible,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(Continued from Footnote 1) at the Lenders' option, into a number of the Issuer's shares of common stock at a conversion price (subject to adjustment) of $5.50 per share."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F7","text":"Reflects securities held directly by Varde Investment Partners (Offshore) Master, L.P. (\"VIP Offshore\"). Varde Investment Partners G.P., LLC (\"VIP GP\") is the general partner of VIP Offshore."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F10","text":"Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above, George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Initial Term Loan because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F11","text":"Due to limitations of the electronic filing system, certain Reporting Persons are filing a separate Form 4."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F12","text":"Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":1016400,"derivative":{"exercise_price":5.5,"exercise_date":"2017-11-15","expiration_date":"2021-04-26","underlying":"Common Stock, $0.001 par value","underlying_shares":324437},"source":{"system":"sec-edgar","filing":"0000899243-17-026812","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":4,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924317026812/doc4.xml","form_type":"4"}},{"id":4158634,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":1,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":2,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":3,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":4,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Convertible Debt","published_at":"2017-11-17T17:04:57.000Z","date":"2017-11-15","kind":"other","acquired":true,"shares":507946,"price":5.5,"value":2793703.0,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F3","text":"The amount reported reflects the amount of shares of Common Stock issuable upon conversion of the additional $25 million of delayed draw terms loans."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"On April 26, 2017, Lilis Energy, Inc. (the \"Issuer\") entered into a Credit Agreement (the \"Credit Agreement\") among the Issuer, certain subsidiaries of the Issuer, as guarantors and The Varde Fund XI (Master), L.P., The Varde Fund XII (Master), L.P., The Varde Skyway Master Fund, L.P., The Varde Fund VI-A, L.P., Varde Investment Partners, L.P. and Varde Investment Partners (Offshore) Master, L.P. (collectively, the \"Lenders\").  Pursuant to the Credit Agreement, the Lenders extended a second lien term loan facility initially consisting of $80,000,000. On November 15, 2017, the Issuer borrowed an additional $25 million of delayed draw term loans made available for borrowing pursuant to an amendment to the Credit Agreement. 70% of the aggregate principal amount of the term loans, plus accrued and unpaid interest to the conversion date and a \"make-whole\" premium is convertible,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(Continued from Footnote 1) at the Lenders' option, into a number of the Issuer's shares of common stock at a conversion price (subject to adjustment) of $5.50 per share."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F6","text":"Reflects securities held directly by The Varde Skyway Master Fund, L.P. (\"Skyway Fund\"). The Varde Skyway Fund G.P., LLC (\"Skyway Fund GP\") is the general partner of Skyway Fund."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F10","text":"Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above, George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Initial Term Loan because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F11","text":"Due to limitations of the electronic filing system, certain Reporting Persons are filing a separate Form 4."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F12","text":"Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":2202200,"derivative":{"exercise_price":5.5,"exercise_date":"2017-11-15","expiration_date":"2021-04-26","underlying":"Common Stock, $0.001 par value","underlying_shares":507946},"source":{"system":"sec-edgar","filing":"0000899243-17-026812","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924317026812/doc4.xml","form_type":"4"}},{"id":4158633,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":1,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":2,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":3,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":4,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Convertible Debt","published_at":"2017-11-17T17:04:57.000Z","date":"2017-11-15","kind":"other","acquired":true,"shares":1156553,"price":5.5,"value":6361041.5,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F3","text":"The amount reported reflects the amount of shares of Common Stock issuable upon conversion of the additional $25 million of delayed draw terms loans."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"On April 26, 2017, Lilis Energy, Inc. (the \"Issuer\") entered into a Credit Agreement (the \"Credit Agreement\") among the Issuer, certain subsidiaries of the Issuer, as guarantors and The Varde Fund XI (Master), L.P., The Varde Fund XII (Master), L.P., The Varde Skyway Master Fund, L.P., The Varde Fund VI-A, L.P., Varde Investment Partners, L.P. and Varde Investment Partners (Offshore) Master, L.P. (collectively, the \"Lenders\").  Pursuant to the Credit Agreement, the Lenders extended a second lien term loan facility initially consisting of $80,000,000. On November 15, 2017, the Issuer borrowed an additional $25 million of delayed draw term loans made available for borrowing pursuant to an amendment to the Credit Agreement. 70% of the aggregate principal amount of the term loans, plus accrued and unpaid interest to the conversion date and a \"make-whole\" premium is convertible,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(Continued from Footnote 1) at the Lenders' option, into a number of the Issuer's shares of common stock at a conversion price (subject to adjustment) of $5.50 per share."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"Reflects securities held directly by The Varde Fund XII (Master), L.P. (\"Fund XII\"). The Varde Fund XII G.P., L.P. (\"Fund XII GP\") is the general partner of Fund XII, and The Varde Fund XII UGP, LLC (\"Fund XII UGP\") is the general partner of Fund XII GP."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F10","text":"Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above, George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Initial Term Loan because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F11","text":"Due to limitations of the electronic filing system, certain Reporting Persons are filing a separate Form 4."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F12","text":"Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":5014240,"derivative":{"exercise_price":5.5,"exercise_date":"2017-11-15","expiration_date":"2021-04-26","underlying":"Common Stock, $0.001 par value","underlying_shares":1156553},"source":{"system":"sec-edgar","filing":"0000899243-17-026812","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924317026812/doc4.xml","form_type":"4"}},{"id":4158632,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":1,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":2,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":3,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":4,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Convertible Debt","published_at":"2017-11-17T17:04:57.000Z","date":"2017-11-15","kind":"other","acquired":true,"shares":1625426,"price":5.5,"value":8939843.0,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F3","text":"The amount reported reflects the amount of shares of Common Stock issuable upon conversion of the additional $25 million of delayed draw terms loans."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"On April 26, 2017, Lilis Energy, Inc. (the \"Issuer\") entered into a Credit Agreement (the \"Credit Agreement\") among the Issuer, certain subsidiaries of the Issuer, as guarantors and The Varde Fund XI (Master), L.P., The Varde Fund XII (Master), L.P., The Varde Skyway Master Fund, L.P., The Varde Fund VI-A, L.P., Varde Investment Partners, L.P. and Varde Investment Partners (Offshore) Master, L.P. (collectively, the \"Lenders\").  Pursuant to the Credit Agreement, the Lenders extended a second lien term loan facility initially consisting of $80,000,000. On November 15, 2017, the Issuer borrowed an additional $25 million of delayed draw term loans made available for borrowing pursuant to an amendment to the Credit Agreement. 70% of the aggregate principal amount of the term loans, plus accrued and unpaid interest to the conversion date and a \"make-whole\" premium is convertible,"},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(Continued from Footnote 1) at the Lenders' option, into a number of the Issuer's shares of common stock at a conversion price (subject to adjustment) of $5.50 per share."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"Reflects securities held directly by The Varde Fund XI (Master), L.P. (\"Fund XI\"). The Varde Fund XI G.P., LLC (\"Fund XI GP\") is the general partner of Fund XI."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F10","text":"Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above, George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Initial Term Loan because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F11","text":"Due to limitations of the electronic filing system, certain Reporting Persons are filing a separate Form 4."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F12","text":"Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":7047040,"derivative":{"exercise_price":5.5,"exercise_date":"2017-11-15","expiration_date":"2021-04-26","underlying":"Common Stock, $0.001 par value","underlying_shares":1625426},"source":{"system":"sec-edgar","filing":"0000899243-17-026812","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924317026812/doc4.xml","form_type":"4"}},{"id":4257274,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":1,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":2,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":3,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":4,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Convertible Debt","published_at":"2017-07-14T17:54:51.000Z","date":"2017-04-26","kind":"other","acquired":true,"shares":37291,"price":5.5,"value":205100.5,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F3","text":"The amount reported reflects an incease in the amount of shares of Common Stock issuable upon conversion of the Initial Term Loan after the removal of the Share Cap."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"On April 26, 2017, Lilis Energy, Inc. (the \"Issuer\") entered into a Credit Agreement (the \"Credit Agreement\") among the Issuer, certain subsidiaries of the Issuer, as guarantors and The Varde Fund XI (Master), L.P., The Varde Fund XII (Master), L.P., The Varde Skyway Master Fund, L.P., The Varde Fund VI-A, L.P., Varde Investment Partners, L.P. and Varde Investment Partners (Offshore) Master, L.P. (collectively, the \"Lenders\").  Pursuant to the Credit Agreement, the Lenders extended a second lien term loan facility initially consisting of $80,000,000. 70% of the aggregate principal amount of the term loan, plus accrued and unpaid interest to the conversion date and a \"make-whole\" premium is convertible, at the Lenders' option, into a number of the Issuer's shares of common stock at a conversion price (subject to adjustment) of $5.50 per share."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(Continued from Footenote 1) On July 13, 2017, at a special meeting of the Issuer's stockholders, the Issuer's stockholders approved the issuance of shares of Common Stock upon conversion of the term loan to remove the share cap limiting conversion of the term loan to an amount which would not result in any Lender together with its affiliates and the other members of any \"group\" (as such term is used in sections 13(d) and 14(d) of the Securities Exchange Act) including such Lender, owning in excess of 19.999% of the outstanding common stock of the Issuer (the \"Share Cap\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F9","text":"Reflects securities held directly by Varde Investment Partners, L.P. (\"VIP\"). VIP GP is the general partner of Fund VIP."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F10","text":"Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above, George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Initial Term Loan because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F11","text":"Due to limitations of the electronic filing system, certain Reporting Persons are filing a separate Form 4."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F12","text":"Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":886225,"derivative":{"exercise_price":5.5,"exercise_date":"2017-04-26","expiration_date":"2021-04-26","underlying":"Common Stock, $0.001 par value","underlying_shares":37291},"source":{"system":"sec-edgar","filing":"0000899243-17-018298","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":6,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924317018298/doc4.xml","form_type":"4"}},{"id":4257273,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":1,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":2,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":3,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":4,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Convertible Debt","published_at":"2017-07-14T17:54:51.000Z","date":"2017-04-26","kind":"other","acquired":true,"shares":16451,"price":5.5,"value":90480.5,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F3","text":"The amount reported reflects an incease in the amount of shares of Common Stock issuable upon conversion of the Initial Term Loan after the removal of the Share Cap."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"On April 26, 2017, Lilis Energy, Inc. (the \"Issuer\") entered into a Credit Agreement (the \"Credit Agreement\") among the Issuer, certain subsidiaries of the Issuer, as guarantors and The Varde Fund XI (Master), L.P., The Varde Fund XII (Master), L.P., The Varde Skyway Master Fund, L.P., The Varde Fund VI-A, L.P., Varde Investment Partners, L.P. and Varde Investment Partners (Offshore) Master, L.P. (collectively, the \"Lenders\").  Pursuant to the Credit Agreement, the Lenders extended a second lien term loan facility initially consisting of $80,000,000. 70% of the aggregate principal amount of the term loan, plus accrued and unpaid interest to the conversion date and a \"make-whole\" premium is convertible, at the Lenders' option, into a number of the Issuer's shares of common stock at a conversion price (subject to adjustment) of $5.50 per share."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(Continued from Footenote 1) On July 13, 2017, at a special meeting of the Issuer's stockholders, the Issuer's stockholders approved the issuance of shares of Common Stock upon conversion of the term loan to remove the share cap limiting conversion of the term loan to an amount which would not result in any Lender together with its affiliates and the other members of any \"group\" (as such term is used in sections 13(d) and 14(d) of the Securities Exchange Act) including such Lender, owning in excess of 19.999% of the outstanding common stock of the Issuer (the \"Share Cap\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F8","text":"Reflects securities held directly by The Varde Fund VI-A, L.P. (\"Fund VI-A\"). VIP GP is the general partner of Fund VI-A."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F10","text":"Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above, George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Initial Term Loan because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F11","text":"Due to limitations of the electronic filing system, certain Reporting Persons are filing a separate Form 4."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F12","text":"Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":390981,"derivative":{"exercise_price":5.5,"exercise_date":"2017-04-26","expiration_date":"2021-04-26","underlying":"Common Stock, $0.001 par value","underlying_shares":16451},"source":{"system":"sec-edgar","filing":"0000899243-17-018298","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":5,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924317018298/doc4.xml","form_type":"4"}},{"id":4257272,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":1,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":2,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":3,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":4,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Convertible Debt","published_at":"2017-07-14T17:54:51.000Z","date":"2017-04-26","kind":"other","acquired":true,"shares":32903,"price":5.5,"value":180966.5,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F3","text":"The amount reported reflects an incease in the amount of shares of Common Stock issuable upon conversion of the Initial Term Loan after the removal of the Share Cap."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"On April 26, 2017, Lilis Energy, Inc. (the \"Issuer\") entered into a Credit Agreement (the \"Credit Agreement\") among the Issuer, certain subsidiaries of the Issuer, as guarantors and The Varde Fund XI (Master), L.P., The Varde Fund XII (Master), L.P., The Varde Skyway Master Fund, L.P., The Varde Fund VI-A, L.P., Varde Investment Partners, L.P. and Varde Investment Partners (Offshore) Master, L.P. (collectively, the \"Lenders\").  Pursuant to the Credit Agreement, the Lenders extended a second lien term loan facility initially consisting of $80,000,000. 70% of the aggregate principal amount of the term loan, plus accrued and unpaid interest to the conversion date and a \"make-whole\" premium is convertible, at the Lenders' option, into a number of the Issuer's shares of common stock at a conversion price (subject to adjustment) of $5.50 per share."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(Continued from Footenote 1) On July 13, 2017, at a special meeting of the Issuer's stockholders, the Issuer's stockholders approved the issuance of shares of Common Stock upon conversion of the term loan to remove the share cap limiting conversion of the term loan to an amount which would not result in any Lender together with its affiliates and the other members of any \"group\" (as such term is used in sections 13(d) and 14(d) of the Securities Exchange Act) including such Lender, owning in excess of 19.999% of the outstanding common stock of the Issuer (the \"Share Cap\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F7","text":"Reflects securities held directly by Varde Investment Partners (Offshore) Master, L.P. (\"VIP Offshore\"). Varde Investment Partners G.P., LLC (\"VIP GP\") is the general partner of VIP Offshore."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F10","text":"Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above, George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Initial Term Loan because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F11","text":"Due to limitations of the electronic filing system, certain Reporting Persons are filing a separate Form 4."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F12","text":"Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":781963,"derivative":{"exercise_price":5.5,"exercise_date":"2017-04-26","expiration_date":"2021-04-26","underlying":"Common Stock, $0.001 par value","underlying_shares":32903},"source":{"system":"sec-edgar","filing":"0000899243-17-018298","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":4,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924317018298/doc4.xml","form_type":"4"}},{"id":4257271,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":1,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":2,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":3,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":4,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Convertible Debt","published_at":"2017-07-14T17:54:51.000Z","date":"2017-04-26","kind":"other","acquired":true,"shares":71290,"price":5.5,"value":392095.0,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F3","text":"The amount reported reflects an incease in the amount of shares of Common Stock issuable upon conversion of the Initial Term Loan after the removal of the Share Cap."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"On April 26, 2017, Lilis Energy, Inc. (the \"Issuer\") entered into a Credit Agreement (the \"Credit Agreement\") among the Issuer, certain subsidiaries of the Issuer, as guarantors and The Varde Fund XI (Master), L.P., The Varde Fund XII (Master), L.P., The Varde Skyway Master Fund, L.P., The Varde Fund VI-A, L.P., Varde Investment Partners, L.P. and Varde Investment Partners (Offshore) Master, L.P. (collectively, the \"Lenders\").  Pursuant to the Credit Agreement, the Lenders extended a second lien term loan facility initially consisting of $80,000,000. 70% of the aggregate principal amount of the term loan, plus accrued and unpaid interest to the conversion date and a \"make-whole\" premium is convertible, at the Lenders' option, into a number of the Issuer's shares of common stock at a conversion price (subject to adjustment) of $5.50 per share."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(Continued from Footenote 1) On July 13, 2017, at a special meeting of the Issuer's stockholders, the Issuer's stockholders approved the issuance of shares of Common Stock upon conversion of the term loan to remove the share cap limiting conversion of the term loan to an amount which would not result in any Lender together with its affiliates and the other members of any \"group\" (as such term is used in sections 13(d) and 14(d) of the Securities Exchange Act) including such Lender, owning in excess of 19.999% of the outstanding common stock of the Issuer (the \"Share Cap\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F6","text":"Reflects securities held directly by The Varde Skyway Master Fund, L.P. (\"Skyway Fund\"). The Varde Skyway Fund G.P., LLC (\"Skyway Fund GP\") is the general partner of Skyway Fund."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F10","text":"Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above, George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Initial Term Loan because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F11","text":"Due to limitations of the electronic filing system, certain Reporting Persons are filing a separate Form 4."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F12","text":"Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":1694254,"derivative":{"exercise_price":5.5,"exercise_date":"2017-04-26","expiration_date":"2021-04-26","underlying":"Common Stock, $0.001 par value","underlying_shares":71290},"source":{"system":"sec-edgar","filing":"0000899243-17-018298","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924317018298/doc4.xml","form_type":"4"}},{"id":4257270,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":1,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":2,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":3,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":4,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Convertible Debt","published_at":"2017-07-14T17:54:51.000Z","date":"2017-04-26","kind":"other","acquired":true,"shares":162324,"price":5.5,"value":892782.0,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F3","text":"The amount reported reflects an incease in the amount of shares of Common Stock issuable upon conversion of the Initial Term Loan after the removal of the Share Cap."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"On April 26, 2017, Lilis Energy, Inc. (the \"Issuer\") entered into a Credit Agreement (the \"Credit Agreement\") among the Issuer, certain subsidiaries of the Issuer, as guarantors and The Varde Fund XI (Master), L.P., The Varde Fund XII (Master), L.P., The Varde Skyway Master Fund, L.P., The Varde Fund VI-A, L.P., Varde Investment Partners, L.P. and Varde Investment Partners (Offshore) Master, L.P. (collectively, the \"Lenders\").  Pursuant to the Credit Agreement, the Lenders extended a second lien term loan facility initially consisting of $80,000,000. 70% of the aggregate principal amount of the term loan, plus accrued and unpaid interest to the conversion date and a \"make-whole\" premium is convertible, at the Lenders' option, into a number of the Issuer's shares of common stock at a conversion price (subject to adjustment) of $5.50 per share."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(Continued from Footenote 1) On July 13, 2017, at a special meeting of the Issuer's stockholders, the Issuer's stockholders approved the issuance of shares of Common Stock upon conversion of the term loan to remove the share cap limiting conversion of the term loan to an amount which would not result in any Lender together with its affiliates and the other members of any \"group\" (as such term is used in sections 13(d) and 14(d) of the Securities Exchange Act) including such Lender, owning in excess of 19.999% of the outstanding common stock of the Issuer (the \"Share Cap\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"Reflects securities held directly by The Varde Fund XII (Master), L.P. (\"Fund XII\"). The Varde Fund XII G.P., L.P. (\"Fund XII GP\") is the general partner of Fund XII, and The Varde Fund XII UGP, LLC (\"Fund XII UGP\") is the general partner of Fund XII GP."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F10","text":"Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above, George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Initial Term Loan because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F11","text":"Due to limitations of the electronic filing system, certain Reporting Persons are filing a separate Form 4."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F12","text":"Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":3857687,"derivative":{"exercise_price":5.5,"exercise_date":"2017-04-26","expiration_date":"2021-04-26","underlying":"Common Stock, $0.001 par value","underlying_shares":162324},"source":{"system":"sec-edgar","filing":"0000899243-17-018298","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924317018298/doc4.xml","form_type":"4"}},{"id":4257269,"issuer":{"id":147943,"kind":"organization","name":"LILIS ENERGY, INC.","symbol":"LLEX"},"owners":[{"id":75391,"kind":"organization","name":"VARDE INVESTMENT PARTNERS LP","position":1,"cik":"0001452534","reported_name":"VARDE INVESTMENT PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139673,"kind":"organization","name":"VARDE PARTNERS LP","position":2,"cik":"0001138267","reported_name":"VARDE PARTNERS LP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75388,"kind":"organization","name":"VARDE PARTNERS INC","position":3,"cik":"0001054846","reported_name":"VARDE PARTNERS INC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142499,"kind":"organization","name":"Varde Investment Partners G.P., L.P.","position":4,"cik":"0001704990","reported_name":"Varde Investment Partners G.P., LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Convertible Debt","published_at":"2017-07-14T17:54:51.000Z","date":"2017-04-26","kind":"other","acquired":true,"shares":228130,"price":5.5,"value":1254715.0,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F3","text":"The amount reported reflects an incease in the amount of shares of Common Stock issuable upon conversion of the Initial Term Loan after the removal of the Share Cap."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"On April 26, 2017, Lilis Energy, Inc. (the \"Issuer\") entered into a Credit Agreement (the \"Credit Agreement\") among the Issuer, certain subsidiaries of the Issuer, as guarantors and The Varde Fund XI (Master), L.P., The Varde Fund XII (Master), L.P., The Varde Skyway Master Fund, L.P., The Varde Fund VI-A, L.P., Varde Investment Partners, L.P. and Varde Investment Partners (Offshore) Master, L.P. (collectively, the \"Lenders\").  Pursuant to the Credit Agreement, the Lenders extended a second lien term loan facility initially consisting of $80,000,000. 70% of the aggregate principal amount of the term loan, plus accrued and unpaid interest to the conversion date and a \"make-whole\" premium is convertible, at the Lenders' option, into a number of the Issuer's shares of common stock at a conversion price (subject to adjustment) of $5.50 per share."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(Continued from Footenote 1) On July 13, 2017, at a special meeting of the Issuer's stockholders, the Issuer's stockholders approved the issuance of shares of Common Stock upon conversion of the term loan to remove the share cap limiting conversion of the term loan to an amount which would not result in any Lender together with its affiliates and the other members of any \"group\" (as such term is used in sections 13(d) and 14(d) of the Securities Exchange Act) including such Lender, owning in excess of 19.999% of the outstanding common stock of the Issuer (the \"Share Cap\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"Reflects securities held directly by The Varde Fund XI (Master), L.P. (\"Fund XI\"). The Varde Fund XI G.P., LLC (\"Fund XI GP\") is the general partner of Fund XI."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F10","text":"Varde Partners, L.P. (\"Managing Member\") is the managing member of each of Fund XI GP, Fund XII UGP, Skyway Fund GP and VIP GP. Varde Partners, Inc. (\"General Partner\") is the general partner of the Managing Member. Following the transaction described above, George G. Hicks may be deemed to beneficially own all of the securities which may be acquired upon conversion of the Initial Term Loan because, as the chief executive officer of the General Partner, he may be deemed to have voting and/or dispositive power over such securities."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F11","text":"Due to limitations of the electronic filing system, certain Reporting Persons are filing a separate Form 4."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F12","text":"Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."}],"balance_after":5421614,"derivative":{"exercise_price":5.5,"exercise_date":"2017-04-26","expiration_date":"2021-04-26","underlying":"Common Stock, $0.001 par value","underlying_shares":228130},"source":{"system":"sec-edgar","filing":"0000899243-17-018298","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1054846/000089924317018298/doc4.xml","form_type":"4"}}]}