{"transactions":[{"id":3608583,"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":159407,"kind":"person","name":"Varde Fund XI (Master), L.P.","position":2,"cik":"0001704962","reported_name":"Varde Fund XI (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159408,"kind":"person","name":"Varde Fund XI G.P., LLC","position":3,"cik":"0001704880","reported_name":"Varde Fund XI G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142501,"kind":"organization","name":"Varde Fund XII (Master), L.P.","position":4,"cik":"0001704882","reported_name":"Varde Fund XII (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139668,"kind":"organization","name":"Varde Fund XII G.P., L.P.","position":5,"cik":"0001704881","reported_name":"Varde Fund XII G.P., L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139669,"kind":"organization","name":"Varde Fund XII UGP, LLC","position":6,"cik":"0001704967","reported_name":"Varde Fund XII UGP, LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159409,"kind":"person","name":"Varde Skyway Mini-Master Fund, L.P.","position":7,"cik":"0001768070","reported_name":"Varde Skyway Mini-Master Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159410,"kind":"person","name":"Varde Skyway Fund, L.P.","position":8,"cik":"0001648370","reported_name":"Varde Skyway Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142500,"kind":"organization","name":"Varde Skyway Fund G.P., L.P.","position":9,"cik":"0001704964","reported_name":"Varde Skyway fund G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75389,"kind":"organization","name":"Varde Investment Partners (Offshore) Master, L.P.","position":10,"cik":"0001705023","reported_name":"Varde Investment Partners (Offshore) Master, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Convertible Debt","published_at":"2019-03-06T20:50:28.000Z","date":"2019-03-05","kind":"other","acquired":false,"shares":109360329,"price":1.88,"value":205597418.52,"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":"0000899243-19-006565","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":10,"url":"https://www.sec.gov/Archives/edgar/data/1706059/000089924319006565/doc4.xml","form_type":"4"}},{"id":3608582,"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":159407,"kind":"person","name":"Varde Fund XI (Master), L.P.","position":2,"cik":"0001704962","reported_name":"Varde Fund XI (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159408,"kind":"person","name":"Varde Fund XI G.P., LLC","position":3,"cik":"0001704880","reported_name":"Varde Fund XI G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142501,"kind":"organization","name":"Varde Fund XII (Master), L.P.","position":4,"cik":"0001704882","reported_name":"Varde Fund XII (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139668,"kind":"organization","name":"Varde Fund XII G.P., L.P.","position":5,"cik":"0001704881","reported_name":"Varde Fund XII G.P., L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139669,"kind":"organization","name":"Varde Fund XII UGP, LLC","position":6,"cik":"0001704967","reported_name":"Varde Fund XII UGP, LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159409,"kind":"person","name":"Varde Skyway Mini-Master Fund, L.P.","position":7,"cik":"0001768070","reported_name":"Varde Skyway Mini-Master Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159410,"kind":"person","name":"Varde Skyway Fund, L.P.","position":8,"cik":"0001648370","reported_name":"Varde Skyway Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142500,"kind":"organization","name":"Varde Skyway Fund G.P., L.P.","position":9,"cik":"0001704964","reported_name":"Varde Skyway fund G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75389,"kind":"organization","name":"Varde Investment Partners (Offshore) Master, L.P.","position":10,"cik":"0001705023","reported_name":"Varde Investment Partners (Offshore) Master, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series D 8.25% Convertible Participating Preferred Stock","published_at":"2019-03-06T20:50:28.000Z","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":"0000899243-19-006565","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":9,"url":"https://www.sec.gov/Archives/edgar/data/1706059/000089924319006565/doc4.xml","form_type":"4"}},{"id":3608581,"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":159407,"kind":"person","name":"Varde Fund XI (Master), L.P.","position":2,"cik":"0001704962","reported_name":"Varde Fund XI (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159408,"kind":"person","name":"Varde Fund XI G.P., LLC","position":3,"cik":"0001704880","reported_name":"Varde Fund XI G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142501,"kind":"organization","name":"Varde Fund XII (Master), L.P.","position":4,"cik":"0001704882","reported_name":"Varde Fund XII (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139668,"kind":"organization","name":"Varde Fund XII G.P., L.P.","position":5,"cik":"0001704881","reported_name":"Varde Fund XII G.P., L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139669,"kind":"organization","name":"Varde Fund XII UGP, LLC","position":6,"cik":"0001704967","reported_name":"Varde Fund XII UGP, LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159409,"kind":"person","name":"Varde Skyway Mini-Master Fund, L.P.","position":7,"cik":"0001768070","reported_name":"Varde Skyway Mini-Master Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159410,"kind":"person","name":"Varde Skyway Fund, L.P.","position":8,"cik":"0001648370","reported_name":"Varde Skyway Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142500,"kind":"organization","name":"Varde Skyway Fund G.P., L.P.","position":9,"cik":"0001704964","reported_name":"Varde Skyway fund G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75389,"kind":"organization","name":"Varde Investment Partners (Offshore) Master, L.P.","position":10,"cik":"0001705023","reported_name":"Varde Investment Partners (Offshore) Master, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series C-2 9.75% Convertible Participating Preferred Stock","published_at":"2019-03-06T20:50:28.000Z","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":"0000899243-19-006565","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":8,"url":"https://www.sec.gov/Archives/edgar/data/1706059/000089924319006565/doc4.xml","form_type":"4"}},{"id":3608580,"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":159407,"kind":"person","name":"Varde Fund XI (Master), L.P.","position":2,"cik":"0001704962","reported_name":"Varde Fund XI (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159408,"kind":"person","name":"Varde Fund XI G.P., LLC","position":3,"cik":"0001704880","reported_name":"Varde Fund XI G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142501,"kind":"organization","name":"Varde Fund XII (Master), L.P.","position":4,"cik":"0001704882","reported_name":"Varde Fund XII (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139668,"kind":"organization","name":"Varde Fund XII G.P., L.P.","position":5,"cik":"0001704881","reported_name":"Varde Fund XII G.P., L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139669,"kind":"organization","name":"Varde Fund XII UGP, LLC","position":6,"cik":"0001704967","reported_name":"Varde Fund XII UGP, LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159409,"kind":"person","name":"Varde Skyway Mini-Master Fund, L.P.","position":7,"cik":"0001768070","reported_name":"Varde Skyway Mini-Master Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159410,"kind":"person","name":"Varde Skyway Fund, L.P.","position":8,"cik":"0001648370","reported_name":"Varde Skyway Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142500,"kind":"organization","name":"Varde Skyway Fund G.P., L.P.","position":9,"cik":"0001704964","reported_name":"Varde Skyway fund G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75389,"kind":"organization","name":"Varde Investment Partners (Offshore) Master, L.P.","position":10,"cik":"0001705023","reported_name":"Varde Investment Partners (Offshore) Master, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series C-1 9.75% Convertible Participating Preferred Stock","published_at":"2019-03-06T20:50:28.000Z","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":"0000899243-19-006565","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":7,"url":"https://www.sec.gov/Archives/edgar/data/1706059/000089924319006565/doc4.xml","form_type":"4"}},{"id":3608579,"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":159407,"kind":"person","name":"Varde Fund XI (Master), L.P.","position":2,"cik":"0001704962","reported_name":"Varde Fund XI (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159408,"kind":"person","name":"Varde Fund XI G.P., LLC","position":3,"cik":"0001704880","reported_name":"Varde Fund XI G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142501,"kind":"organization","name":"Varde Fund XII (Master), L.P.","position":4,"cik":"0001704882","reported_name":"Varde Fund XII (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139668,"kind":"organization","name":"Varde Fund XII G.P., L.P.","position":5,"cik":"0001704881","reported_name":"Varde Fund XII G.P., L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139669,"kind":"organization","name":"Varde Fund XII UGP, LLC","position":6,"cik":"0001704967","reported_name":"Varde Fund XII UGP, LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159409,"kind":"person","name":"Varde Skyway Mini-Master Fund, L.P.","position":7,"cik":"0001768070","reported_name":"Varde Skyway Mini-Master Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159410,"kind":"person","name":"Varde Skyway Fund, L.P.","position":8,"cik":"0001648370","reported_name":"Varde Skyway Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142500,"kind":"organization","name":"Varde Skyway Fund G.P., L.P.","position":9,"cik":"0001704964","reported_name":"Varde Skyway fund G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75389,"kind":"organization","name":"Varde Investment Partners (Offshore) Master, L.P.","position":10,"cik":"0001705023","reported_name":"Varde Investment Partners (Offshore) Master, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series E 8.25% Convertible Participating Preferred Stock","published_at":"2019-03-06T20:50:28.000Z","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":"0000899243-19-006565","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":6,"url":"https://www.sec.gov/Archives/edgar/data/1706059/000089924319006565/doc4.xml","form_type":"4"}},{"id":3608578,"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":159407,"kind":"person","name":"Varde Fund XI (Master), L.P.","position":2,"cik":"0001704962","reported_name":"Varde Fund XI (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159408,"kind":"person","name":"Varde Fund XI G.P., LLC","position":3,"cik":"0001704880","reported_name":"Varde Fund XI G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142501,"kind":"organization","name":"Varde Fund XII (Master), L.P.","position":4,"cik":"0001704882","reported_name":"Varde Fund XII (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139668,"kind":"organization","name":"Varde Fund XII G.P., L.P.","position":5,"cik":"0001704881","reported_name":"Varde Fund XII G.P., L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139669,"kind":"organization","name":"Varde Fund XII UGP, LLC","position":6,"cik":"0001704967","reported_name":"Varde Fund XII UGP, LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159409,"kind":"person","name":"Varde Skyway Mini-Master Fund, L.P.","position":7,"cik":"0001768070","reported_name":"Varde Skyway Mini-Master Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159410,"kind":"person","name":"Varde Skyway Fund, L.P.","position":8,"cik":"0001648370","reported_name":"Varde Skyway Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142500,"kind":"organization","name":"Varde Skyway Fund G.P., L.P.","position":9,"cik":"0001704964","reported_name":"Varde Skyway fund G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75389,"kind":"organization","name":"Varde Investment Partners (Offshore) Master, L.P.","position":10,"cik":"0001705023","reported_name":"Varde Investment Partners (Offshore) Master, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series F 9.00% Participating Preferred Stock","published_at":"2019-03-06T20:50:28.000Z","date":"2019-03-05","kind":"other","acquired":true,"shares":55000,"price":1000,"value":55000000.0,"ownership":{"direct":false,"nature":"See footnotes"},"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":"0000899243-19-006565","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":5,"url":"https://www.sec.gov/Archives/edgar/data/1706059/000089924319006565/doc4.xml","form_type":"4"}},{"id":3608577,"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":159407,"kind":"person","name":"Varde Fund XI (Master), L.P.","position":2,"cik":"0001704962","reported_name":"Varde Fund XI (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159408,"kind":"person","name":"Varde Fund XI G.P., LLC","position":3,"cik":"0001704880","reported_name":"Varde Fund XI G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142501,"kind":"organization","name":"Varde Fund XII (Master), L.P.","position":4,"cik":"0001704882","reported_name":"Varde Fund XII (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139668,"kind":"organization","name":"Varde Fund XII G.P., L.P.","position":5,"cik":"0001704881","reported_name":"Varde Fund XII G.P., L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139669,"kind":"organization","name":"Varde Fund XII UGP, LLC","position":6,"cik":"0001704967","reported_name":"Varde Fund XII UGP, LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159409,"kind":"person","name":"Varde Skyway Mini-Master Fund, L.P.","position":7,"cik":"0001768070","reported_name":"Varde Skyway Mini-Master Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159410,"kind":"person","name":"Varde Skyway Fund, L.P.","position":8,"cik":"0001648370","reported_name":"Varde Skyway Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142500,"kind":"organization","name":"Varde Skyway Fund G.P., L.P.","position":9,"cik":"0001704964","reported_name":"Varde Skyway fund G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75389,"kind":"organization","name":"Varde Investment Partners (Offshore) Master, L.P.","position":10,"cik":"0001705023","reported_name":"Varde Investment Partners (Offshore) Master, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series D 8.25% Non-Convertible Participating Preferred Stock","published_at":"2019-03-06T20:50:28.000Z","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":"0000899243-19-006565","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":4,"url":"https://www.sec.gov/Archives/edgar/data/1706059/000089924319006565/doc4.xml","form_type":"4"}},{"id":3608576,"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":159407,"kind":"person","name":"Varde Fund XI (Master), L.P.","position":2,"cik":"0001704962","reported_name":"Varde Fund XI (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159408,"kind":"person","name":"Varde Fund XI G.P., LLC","position":3,"cik":"0001704880","reported_name":"Varde Fund XI G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142501,"kind":"organization","name":"Varde Fund XII (Master), L.P.","position":4,"cik":"0001704882","reported_name":"Varde Fund XII (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139668,"kind":"organization","name":"Varde Fund XII G.P., L.P.","position":5,"cik":"0001704881","reported_name":"Varde Fund XII G.P., L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139669,"kind":"organization","name":"Varde Fund XII UGP, LLC","position":6,"cik":"0001704967","reported_name":"Varde Fund XII UGP, LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159409,"kind":"person","name":"Varde Skyway Mini-Master Fund, L.P.","position":7,"cik":"0001768070","reported_name":"Varde Skyway Mini-Master Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159410,"kind":"person","name":"Varde Skyway Fund, L.P.","position":8,"cik":"0001648370","reported_name":"Varde Skyway Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142500,"kind":"organization","name":"Varde Skyway Fund G.P., L.P.","position":9,"cik":"0001704964","reported_name":"Varde Skyway fund G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75389,"kind":"organization","name":"Varde Investment Partners (Offshore) Master, L.P.","position":10,"cik":"0001705023","reported_name":"Varde Investment Partners (Offshore) Master, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series C-2 9.75% Non-Convertible Participating Preferred","published_at":"2019-03-06T20:50:28.000Z","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":"0000899243-19-006565","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/1706059/000089924319006565/doc4.xml","form_type":"4"}},{"id":3608575,"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":159407,"kind":"person","name":"Varde Fund XI (Master), L.P.","position":2,"cik":"0001704962","reported_name":"Varde Fund XI (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159408,"kind":"person","name":"Varde Fund XI G.P., LLC","position":3,"cik":"0001704880","reported_name":"Varde Fund XI G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142501,"kind":"organization","name":"Varde Fund XII (Master), L.P.","position":4,"cik":"0001704882","reported_name":"Varde Fund XII (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139668,"kind":"organization","name":"Varde Fund XII G.P., L.P.","position":5,"cik":"0001704881","reported_name":"Varde Fund XII G.P., L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139669,"kind":"organization","name":"Varde Fund XII UGP, LLC","position":6,"cik":"0001704967","reported_name":"Varde Fund XII UGP, LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159409,"kind":"person","name":"Varde Skyway Mini-Master Fund, L.P.","position":7,"cik":"0001768070","reported_name":"Varde Skyway Mini-Master Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159410,"kind":"person","name":"Varde Skyway Fund, L.P.","position":8,"cik":"0001648370","reported_name":"Varde Skyway Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142500,"kind":"organization","name":"Varde Skyway Fund G.P., L.P.","position":9,"cik":"0001704964","reported_name":"Varde Skyway fund G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75389,"kind":"organization","name":"Varde Investment Partners (Offshore) Master, L.P.","position":10,"cik":"0001705023","reported_name":"Varde Investment Partners (Offshore) Master, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series C-1 9.75% Non-Convertible Participating Preferred","published_at":"2019-03-06T20:50:28.000Z","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":"0000899243-19-006565","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1706059/000089924319006565/doc4.xml","form_type":"4"}},{"id":3608574,"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":159407,"kind":"person","name":"Varde Fund XI (Master), L.P.","position":2,"cik":"0001704962","reported_name":"Varde Fund XI (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159408,"kind":"person","name":"Varde Fund XI G.P., LLC","position":3,"cik":"0001704880","reported_name":"Varde Fund XI G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142501,"kind":"organization","name":"Varde Fund XII (Master), L.P.","position":4,"cik":"0001704882","reported_name":"Varde Fund XII (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139668,"kind":"organization","name":"Varde Fund XII G.P., L.P.","position":5,"cik":"0001704881","reported_name":"Varde Fund XII G.P., L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139669,"kind":"organization","name":"Varde Fund XII UGP, LLC","position":6,"cik":"0001704967","reported_name":"Varde Fund XII UGP, LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159409,"kind":"person","name":"Varde Skyway Mini-Master Fund, L.P.","position":7,"cik":"0001768070","reported_name":"Varde Skyway Mini-Master Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159410,"kind":"person","name":"Varde Skyway Fund, L.P.","position":8,"cik":"0001648370","reported_name":"Varde Skyway Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142500,"kind":"organization","name":"Varde Skyway Fund G.P., L.P.","position":9,"cik":"0001704964","reported_name":"Varde Skyway fund G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75389,"kind":"organization","name":"Varde Investment Partners (Offshore) Master, L.P.","position":10,"cik":"0001705023","reported_name":"Varde Investment Partners (Offshore) Master, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock","published_at":"2019-03-06T20:50:28.000Z","date":"2019-03-05","kind":"other","acquired":true,"shares":17641638,"price":1.88,"value":33166279.44,"ownership":{"direct":false,"nature":"See footnotes"},"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":"0000899243-19-006565","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1706059/000089924319006565/doc4.xml","form_type":"4"}},{"id":3656876,"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":159407,"kind":"person","name":"Varde Fund XI (Master), L.P.","position":2,"cik":"0001704962","reported_name":"Varde Fund XI (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159408,"kind":"person","name":"Varde Fund XI G.P., LLC","position":3,"cik":"0001704880","reported_name":"Varde Fund XI G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142501,"kind":"organization","name":"Varde Fund XII (Master), L.P.","position":4,"cik":"0001704882","reported_name":"Varde Fund XII (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139668,"kind":"organization","name":"Varde Fund XII G.P., L.P.","position":5,"cik":"0001704881","reported_name":"Varde Fund XII G.P., L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139669,"kind":"organization","name":"Varde Fund XII UGP, LLC","position":6,"cik":"0001704967","reported_name":"Varde Fund XII UGP, LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75392,"kind":"organization","name":"Varde Skyway Master Fund, L.P.","position":7,"cik":"0001704946","reported_name":"Varde Skyway Master Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159409,"kind":"person","name":"Varde Skyway Mini-Master Fund, L.P.","position":8,"cik":"0001768070","reported_name":"Varde Skyway Mini-Master Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159410,"kind":"person","name":"Varde Skyway Fund, L.P.","position":9,"cik":"0001648370","reported_name":"Varde Skyway Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142500,"kind":"organization","name":"Varde Skyway Fund G.P., L.P.","position":10,"cik":"0001704964","reported_name":"Varde Skyway fund G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Convertible Debt","published_at":"2019-02-14T20:27:39.000Z","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":"0000899243-19-003763","document":"doc5.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":15,"url":"https://www.sec.gov/Archives/edgar/data/1706059/000089924319003763/doc5.xml","form_type":"5"}},{"id":3656875,"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":159407,"kind":"person","name":"Varde Fund XI (Master), L.P.","position":2,"cik":"0001704962","reported_name":"Varde Fund XI (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159408,"kind":"person","name":"Varde Fund XI G.P., LLC","position":3,"cik":"0001704880","reported_name":"Varde Fund XI G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142501,"kind":"organization","name":"Varde Fund XII (Master), L.P.","position":4,"cik":"0001704882","reported_name":"Varde Fund XII (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139668,"kind":"organization","name":"Varde Fund XII G.P., L.P.","position":5,"cik":"0001704881","reported_name":"Varde Fund XII G.P., L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139669,"kind":"organization","name":"Varde Fund XII UGP, LLC","position":6,"cik":"0001704967","reported_name":"Varde Fund XII UGP, LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75392,"kind":"organization","name":"Varde Skyway Master Fund, L.P.","position":7,"cik":"0001704946","reported_name":"Varde Skyway Master Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159409,"kind":"person","name":"Varde Skyway Mini-Master Fund, L.P.","position":8,"cik":"0001768070","reported_name":"Varde Skyway Mini-Master Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159410,"kind":"person","name":"Varde Skyway Fund, L.P.","position":9,"cik":"0001648370","reported_name":"Varde Skyway Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142500,"kind":"organization","name":"Varde Skyway Fund G.P., L.P.","position":10,"cik":"0001704964","reported_name":"Varde Skyway fund G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Convertible Debt","published_at":"2019-02-14T20:27:39.000Z","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":"0000899243-19-003763","document":"doc5.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":14,"url":"https://www.sec.gov/Archives/edgar/data/1706059/000089924319003763/doc5.xml","form_type":"5"}},{"id":3656874,"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":159407,"kind":"person","name":"Varde Fund XI (Master), L.P.","position":2,"cik":"0001704962","reported_name":"Varde Fund XI (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159408,"kind":"person","name":"Varde Fund XI G.P., LLC","position":3,"cik":"0001704880","reported_name":"Varde Fund XI G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142501,"kind":"organization","name":"Varde Fund XII (Master), L.P.","position":4,"cik":"0001704882","reported_name":"Varde Fund XII (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139668,"kind":"organization","name":"Varde Fund XII G.P., L.P.","position":5,"cik":"0001704881","reported_name":"Varde Fund XII G.P., L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139669,"kind":"organization","name":"Varde Fund XII UGP, LLC","position":6,"cik":"0001704967","reported_name":"Varde Fund XII UGP, LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75392,"kind":"organization","name":"Varde Skyway Master Fund, L.P.","position":7,"cik":"0001704946","reported_name":"Varde Skyway Master Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159409,"kind":"person","name":"Varde Skyway Mini-Master Fund, L.P.","position":8,"cik":"0001768070","reported_name":"Varde Skyway Mini-Master Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159410,"kind":"person","name":"Varde Skyway Fund, L.P.","position":9,"cik":"0001648370","reported_name":"Varde Skyway Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142500,"kind":"organization","name":"Varde Skyway Fund G.P., L.P.","position":10,"cik":"0001704964","reported_name":"Varde Skyway fund G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Convertible Debt","published_at":"2019-02-14T20:27:39.000Z","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":"0000899243-19-003763","document":"doc5.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":13,"url":"https://www.sec.gov/Archives/edgar/data/1706059/000089924319003763/doc5.xml","form_type":"5"}},{"id":3656873,"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":159407,"kind":"person","name":"Varde Fund XI (Master), L.P.","position":2,"cik":"0001704962","reported_name":"Varde Fund XI (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159408,"kind":"person","name":"Varde Fund XI G.P., LLC","position":3,"cik":"0001704880","reported_name":"Varde Fund XI G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142501,"kind":"organization","name":"Varde Fund XII (Master), L.P.","position":4,"cik":"0001704882","reported_name":"Varde Fund XII (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139668,"kind":"organization","name":"Varde Fund XII G.P., L.P.","position":5,"cik":"0001704881","reported_name":"Varde Fund XII G.P., L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139669,"kind":"organization","name":"Varde Fund XII UGP, LLC","position":6,"cik":"0001704967","reported_name":"Varde Fund XII UGP, LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75392,"kind":"organization","name":"Varde Skyway Master Fund, L.P.","position":7,"cik":"0001704946","reported_name":"Varde Skyway Master Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159409,"kind":"person","name":"Varde Skyway Mini-Master Fund, L.P.","position":8,"cik":"0001768070","reported_name":"Varde Skyway Mini-Master Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159410,"kind":"person","name":"Varde Skyway Fund, L.P.","position":9,"cik":"0001648370","reported_name":"Varde Skyway Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142500,"kind":"organization","name":"Varde Skyway Fund G.P., L.P.","position":10,"cik":"0001704964","reported_name":"Varde Skyway fund G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series D 8.25% Convertible Participating Preferred Stock","published_at":"2019-02-14T20:27:39.000Z","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":"0000899243-19-003763","document":"doc5.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":12,"url":"https://www.sec.gov/Archives/edgar/data/1706059/000089924319003763/doc5.xml","form_type":"5"}},{"id":3656872,"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":159407,"kind":"person","name":"Varde Fund XI (Master), L.P.","position":2,"cik":"0001704962","reported_name":"Varde Fund XI (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159408,"kind":"person","name":"Varde Fund XI G.P., LLC","position":3,"cik":"0001704880","reported_name":"Varde Fund XI G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142501,"kind":"organization","name":"Varde Fund XII (Master), L.P.","position":4,"cik":"0001704882","reported_name":"Varde Fund XII (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139668,"kind":"organization","name":"Varde Fund XII G.P., L.P.","position":5,"cik":"0001704881","reported_name":"Varde Fund XII G.P., L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139669,"kind":"organization","name":"Varde Fund XII UGP, LLC","position":6,"cik":"0001704967","reported_name":"Varde Fund XII UGP, LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75392,"kind":"organization","name":"Varde Skyway Master Fund, L.P.","position":7,"cik":"0001704946","reported_name":"Varde Skyway Master Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159409,"kind":"person","name":"Varde Skyway Mini-Master Fund, L.P.","position":8,"cik":"0001768070","reported_name":"Varde Skyway Mini-Master Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159410,"kind":"person","name":"Varde Skyway Fund, L.P.","position":9,"cik":"0001648370","reported_name":"Varde Skyway Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142500,"kind":"organization","name":"Varde Skyway Fund G.P., L.P.","position":10,"cik":"0001704964","reported_name":"Varde Skyway fund G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series D 8.25% Convertible Participating Preferred Stock","published_at":"2019-02-14T20:27:39.000Z","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":"0000899243-19-003763","document":"doc5.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":11,"url":"https://www.sec.gov/Archives/edgar/data/1706059/000089924319003763/doc5.xml","form_type":"5"}},{"id":3656871,"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":159407,"kind":"person","name":"Varde Fund XI (Master), L.P.","position":2,"cik":"0001704962","reported_name":"Varde Fund XI (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159408,"kind":"person","name":"Varde Fund XI G.P., LLC","position":3,"cik":"0001704880","reported_name":"Varde Fund XI G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142501,"kind":"organization","name":"Varde Fund XII (Master), L.P.","position":4,"cik":"0001704882","reported_name":"Varde Fund XII (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139668,"kind":"organization","name":"Varde Fund XII G.P., L.P.","position":5,"cik":"0001704881","reported_name":"Varde Fund XII G.P., L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139669,"kind":"organization","name":"Varde Fund XII UGP, LLC","position":6,"cik":"0001704967","reported_name":"Varde Fund XII UGP, LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75392,"kind":"organization","name":"Varde Skyway Master Fund, L.P.","position":7,"cik":"0001704946","reported_name":"Varde Skyway Master Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159409,"kind":"person","name":"Varde Skyway Mini-Master Fund, L.P.","position":8,"cik":"0001768070","reported_name":"Varde Skyway Mini-Master Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159410,"kind":"person","name":"Varde Skyway Fund, L.P.","position":9,"cik":"0001648370","reported_name":"Varde Skyway Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142500,"kind":"organization","name":"Varde Skyway Fund G.P., L.P.","position":10,"cik":"0001704964","reported_name":"Varde Skyway fund G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series D 8.25% Convertible Participating Preferred Stock","published_at":"2019-02-14T20:27:39.000Z","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":"0000899243-19-003763","document":"doc5.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":10,"url":"https://www.sec.gov/Archives/edgar/data/1706059/000089924319003763/doc5.xml","form_type":"5"}},{"id":3656870,"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":159407,"kind":"person","name":"Varde Fund XI (Master), L.P.","position":2,"cik":"0001704962","reported_name":"Varde Fund XI (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159408,"kind":"person","name":"Varde Fund XI G.P., LLC","position":3,"cik":"0001704880","reported_name":"Varde Fund XI G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142501,"kind":"organization","name":"Varde Fund XII (Master), L.P.","position":4,"cik":"0001704882","reported_name":"Varde Fund XII (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139668,"kind":"organization","name":"Varde Fund XII G.P., L.P.","position":5,"cik":"0001704881","reported_name":"Varde Fund XII G.P., L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139669,"kind":"organization","name":"Varde Fund XII UGP, LLC","position":6,"cik":"0001704967","reported_name":"Varde Fund XII UGP, LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75392,"kind":"organization","name":"Varde Skyway Master Fund, L.P.","position":7,"cik":"0001704946","reported_name":"Varde Skyway Master Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159409,"kind":"person","name":"Varde Skyway Mini-Master Fund, L.P.","position":8,"cik":"0001768070","reported_name":"Varde Skyway Mini-Master Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159410,"kind":"person","name":"Varde Skyway Fund, L.P.","position":9,"cik":"0001648370","reported_name":"Varde Skyway Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142500,"kind":"organization","name":"Varde Skyway Fund G.P., L.P.","position":10,"cik":"0001704964","reported_name":"Varde Skyway fund G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series C-2 9.75% Convertible Participating Preferred Stock","published_at":"2019-02-14T20:27:39.000Z","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":"0000899243-19-003763","document":"doc5.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":9,"url":"https://www.sec.gov/Archives/edgar/data/1706059/000089924319003763/doc5.xml","form_type":"5"}},{"id":3656869,"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":159407,"kind":"person","name":"Varde Fund XI (Master), L.P.","position":2,"cik":"0001704962","reported_name":"Varde Fund XI (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159408,"kind":"person","name":"Varde Fund XI G.P., LLC","position":3,"cik":"0001704880","reported_name":"Varde Fund XI G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142501,"kind":"organization","name":"Varde Fund XII (Master), L.P.","position":4,"cik":"0001704882","reported_name":"Varde Fund XII (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139668,"kind":"organization","name":"Varde Fund XII G.P., L.P.","position":5,"cik":"0001704881","reported_name":"Varde Fund XII G.P., L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139669,"kind":"organization","name":"Varde Fund XII UGP, LLC","position":6,"cik":"0001704967","reported_name":"Varde Fund XII UGP, LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75392,"kind":"organization","name":"Varde Skyway Master Fund, L.P.","position":7,"cik":"0001704946","reported_name":"Varde Skyway Master Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159409,"kind":"person","name":"Varde Skyway Mini-Master Fund, L.P.","position":8,"cik":"0001768070","reported_name":"Varde Skyway Mini-Master Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159410,"kind":"person","name":"Varde Skyway Fund, L.P.","position":9,"cik":"0001648370","reported_name":"Varde Skyway Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142500,"kind":"organization","name":"Varde Skyway Fund G.P., L.P.","position":10,"cik":"0001704964","reported_name":"Varde Skyway fund G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series C-2 9.75% Convertible Participating Preferred Stock","published_at":"2019-02-14T20:27:39.000Z","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":"0000899243-19-003763","document":"doc5.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":8,"url":"https://www.sec.gov/Archives/edgar/data/1706059/000089924319003763/doc5.xml","form_type":"5"}},{"id":3656868,"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":159407,"kind":"person","name":"Varde Fund XI (Master), L.P.","position":2,"cik":"0001704962","reported_name":"Varde Fund XI (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159408,"kind":"person","name":"Varde Fund XI G.P., LLC","position":3,"cik":"0001704880","reported_name":"Varde Fund XI G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142501,"kind":"organization","name":"Varde Fund XII (Master), L.P.","position":4,"cik":"0001704882","reported_name":"Varde Fund XII (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139668,"kind":"organization","name":"Varde Fund XII G.P., L.P.","position":5,"cik":"0001704881","reported_name":"Varde Fund XII G.P., L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139669,"kind":"organization","name":"Varde Fund XII UGP, LLC","position":6,"cik":"0001704967","reported_name":"Varde Fund XII UGP, LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75392,"kind":"organization","name":"Varde Skyway Master Fund, L.P.","position":7,"cik":"0001704946","reported_name":"Varde Skyway Master Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159409,"kind":"person","name":"Varde Skyway Mini-Master Fund, L.P.","position":8,"cik":"0001768070","reported_name":"Varde Skyway Mini-Master Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159410,"kind":"person","name":"Varde Skyway Fund, L.P.","position":9,"cik":"0001648370","reported_name":"Varde Skyway Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142500,"kind":"organization","name":"Varde Skyway Fund G.P., L.P.","position":10,"cik":"0001704964","reported_name":"Varde Skyway fund G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series C-2 9.75% Convertible Participating Preferred Stock","published_at":"2019-02-14T20:27:39.000Z","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":"0000899243-19-003763","document":"doc5.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":7,"url":"https://www.sec.gov/Archives/edgar/data/1706059/000089924319003763/doc5.xml","form_type":"5"}},{"id":3656867,"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":159407,"kind":"person","name":"Varde Fund XI (Master), L.P.","position":2,"cik":"0001704962","reported_name":"Varde Fund XI (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159408,"kind":"person","name":"Varde Fund XI G.P., LLC","position":3,"cik":"0001704880","reported_name":"Varde Fund XI G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142501,"kind":"organization","name":"Varde Fund XII (Master), L.P.","position":4,"cik":"0001704882","reported_name":"Varde Fund XII (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139668,"kind":"organization","name":"Varde Fund XII G.P., L.P.","position":5,"cik":"0001704881","reported_name":"Varde Fund XII G.P., L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139669,"kind":"organization","name":"Varde Fund XII UGP, LLC","position":6,"cik":"0001704967","reported_name":"Varde Fund XII UGP, LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75392,"kind":"organization","name":"Varde Skyway Master Fund, L.P.","position":7,"cik":"0001704946","reported_name":"Varde Skyway Master Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159409,"kind":"person","name":"Varde Skyway Mini-Master Fund, L.P.","position":8,"cik":"0001768070","reported_name":"Varde Skyway Mini-Master Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159410,"kind":"person","name":"Varde Skyway Fund, L.P.","position":9,"cik":"0001648370","reported_name":"Varde Skyway Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142500,"kind":"organization","name":"Varde Skyway Fund G.P., L.P.","position":10,"cik":"0001704964","reported_name":"Varde Skyway fund G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series C-1 9.75% Convertible Participating Preferred Stock","published_at":"2019-02-14T20:27:39.000Z","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":"0000899243-19-003763","document":"doc5.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":6,"url":"https://www.sec.gov/Archives/edgar/data/1706059/000089924319003763/doc5.xml","form_type":"5"}},{"id":3656866,"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":159407,"kind":"person","name":"Varde Fund XI (Master), L.P.","position":2,"cik":"0001704962","reported_name":"Varde Fund XI (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159408,"kind":"person","name":"Varde Fund XI G.P., LLC","position":3,"cik":"0001704880","reported_name":"Varde Fund XI G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142501,"kind":"organization","name":"Varde Fund XII (Master), L.P.","position":4,"cik":"0001704882","reported_name":"Varde Fund XII (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139668,"kind":"organization","name":"Varde Fund XII G.P., L.P.","position":5,"cik":"0001704881","reported_name":"Varde Fund XII G.P., L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139669,"kind":"organization","name":"Varde Fund XII UGP, LLC","position":6,"cik":"0001704967","reported_name":"Varde Fund XII UGP, LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75392,"kind":"organization","name":"Varde Skyway Master Fund, L.P.","position":7,"cik":"0001704946","reported_name":"Varde Skyway Master Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159409,"kind":"person","name":"Varde Skyway Mini-Master Fund, L.P.","position":8,"cik":"0001768070","reported_name":"Varde Skyway Mini-Master Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159410,"kind":"person","name":"Varde Skyway Fund, L.P.","position":9,"cik":"0001648370","reported_name":"Varde Skyway Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142500,"kind":"organization","name":"Varde Skyway Fund G.P., L.P.","position":10,"cik":"0001704964","reported_name":"Varde Skyway fund G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series C-1 9.75% Convertible Participating Preferred Stock","published_at":"2019-02-14T20:27:39.000Z","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":"0000899243-19-003763","document":"doc5.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":5,"url":"https://www.sec.gov/Archives/edgar/data/1706059/000089924319003763/doc5.xml","form_type":"5"}},{"id":3656865,"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":159407,"kind":"person","name":"Varde Fund XI (Master), L.P.","position":2,"cik":"0001704962","reported_name":"Varde Fund XI (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159408,"kind":"person","name":"Varde Fund XI G.P., LLC","position":3,"cik":"0001704880","reported_name":"Varde Fund XI G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142501,"kind":"organization","name":"Varde Fund XII (Master), L.P.","position":4,"cik":"0001704882","reported_name":"Varde Fund XII (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139668,"kind":"organization","name":"Varde Fund XII G.P., L.P.","position":5,"cik":"0001704881","reported_name":"Varde Fund XII G.P., L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139669,"kind":"organization","name":"Varde Fund XII UGP, LLC","position":6,"cik":"0001704967","reported_name":"Varde Fund XII UGP, LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75392,"kind":"organization","name":"Varde Skyway Master Fund, L.P.","position":7,"cik":"0001704946","reported_name":"Varde Skyway Master Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159409,"kind":"person","name":"Varde Skyway Mini-Master Fund, L.P.","position":8,"cik":"0001768070","reported_name":"Varde Skyway Mini-Master Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159410,"kind":"person","name":"Varde Skyway Fund, L.P.","position":9,"cik":"0001648370","reported_name":"Varde Skyway Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142500,"kind":"organization","name":"Varde Skyway Fund G.P., L.P.","position":10,"cik":"0001704964","reported_name":"Varde Skyway fund G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series C-1 9.75% Convertible Participating Preferred Stock","published_at":"2019-02-14T20:27:39.000Z","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":"0000899243-19-003763","document":"doc5.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":4,"url":"https://www.sec.gov/Archives/edgar/data/1706059/000089924319003763/doc5.xml","form_type":"5"}},{"id":3656864,"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":159407,"kind":"person","name":"Varde Fund XI (Master), L.P.","position":2,"cik":"0001704962","reported_name":"Varde Fund XI (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159408,"kind":"person","name":"Varde Fund XI G.P., LLC","position":3,"cik":"0001704880","reported_name":"Varde Fund XI G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142501,"kind":"organization","name":"Varde Fund XII (Master), L.P.","position":4,"cik":"0001704882","reported_name":"Varde Fund XII (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139668,"kind":"organization","name":"Varde Fund XII G.P., L.P.","position":5,"cik":"0001704881","reported_name":"Varde Fund XII G.P., L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139669,"kind":"organization","name":"Varde Fund XII UGP, LLC","position":6,"cik":"0001704967","reported_name":"Varde Fund XII UGP, LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75392,"kind":"organization","name":"Varde Skyway Master Fund, L.P.","position":7,"cik":"0001704946","reported_name":"Varde Skyway Master Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159409,"kind":"person","name":"Varde Skyway Mini-Master Fund, L.P.","position":8,"cik":"0001768070","reported_name":"Varde Skyway Mini-Master Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159410,"kind":"person","name":"Varde Skyway Fund, L.P.","position":9,"cik":"0001648370","reported_name":"Varde Skyway Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142500,"kind":"organization","name":"Varde Skyway Fund G.P., L.P.","position":10,"cik":"0001704964","reported_name":"Varde Skyway fund G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock","published_at":"2019-02-14T20:27:39.000Z","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":"0000899243-19-003763","document":"doc5.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/1706059/000089924319003763/doc5.xml","form_type":"5"}},{"id":3656863,"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":159407,"kind":"person","name":"Varde Fund XI (Master), L.P.","position":2,"cik":"0001704962","reported_name":"Varde Fund XI (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159408,"kind":"person","name":"Varde Fund XI G.P., LLC","position":3,"cik":"0001704880","reported_name":"Varde Fund XI G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142501,"kind":"organization","name":"Varde Fund XII (Master), L.P.","position":4,"cik":"0001704882","reported_name":"Varde Fund XII (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139668,"kind":"organization","name":"Varde Fund XII G.P., L.P.","position":5,"cik":"0001704881","reported_name":"Varde Fund XII G.P., L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139669,"kind":"organization","name":"Varde Fund XII UGP, LLC","position":6,"cik":"0001704967","reported_name":"Varde Fund XII UGP, LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75392,"kind":"organization","name":"Varde Skyway Master Fund, L.P.","position":7,"cik":"0001704946","reported_name":"Varde Skyway Master Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159409,"kind":"person","name":"Varde Skyway Mini-Master Fund, L.P.","position":8,"cik":"0001768070","reported_name":"Varde Skyway Mini-Master Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159410,"kind":"person","name":"Varde Skyway Fund, L.P.","position":9,"cik":"0001648370","reported_name":"Varde Skyway Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142500,"kind":"organization","name":"Varde Skyway Fund G.P., L.P.","position":10,"cik":"0001704964","reported_name":"Varde Skyway fund G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock","published_at":"2019-02-14T20:27:39.000Z","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":"0000899243-19-003763","document":"doc5.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1706059/000089924319003763/doc5.xml","form_type":"5"}},{"id":3656862,"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":159407,"kind":"person","name":"Varde Fund XI (Master), L.P.","position":2,"cik":"0001704962","reported_name":"Varde Fund XI (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159408,"kind":"person","name":"Varde Fund XI G.P., LLC","position":3,"cik":"0001704880","reported_name":"Varde Fund XI G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142501,"kind":"organization","name":"Varde Fund XII (Master), L.P.","position":4,"cik":"0001704882","reported_name":"Varde Fund XII (Master), L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139668,"kind":"organization","name":"Varde Fund XII G.P., L.P.","position":5,"cik":"0001704881","reported_name":"Varde Fund XII G.P., L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":139669,"kind":"organization","name":"Varde Fund XII UGP, LLC","position":6,"cik":"0001704967","reported_name":"Varde Fund XII UGP, LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":75392,"kind":"organization","name":"Varde Skyway Master Fund, L.P.","position":7,"cik":"0001704946","reported_name":"Varde Skyway Master Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159409,"kind":"person","name":"Varde Skyway Mini-Master Fund, L.P.","position":8,"cik":"0001768070","reported_name":"Varde Skyway Mini-Master Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":159410,"kind":"person","name":"Varde Skyway Fund, L.P.","position":9,"cik":"0001648370","reported_name":"Varde Skyway Fund, L.P.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":142500,"kind":"organization","name":"Varde Skyway Fund G.P., L.P.","position":10,"cik":"0001704964","reported_name":"Varde Skyway fund G.P., LLC","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common Stock","published_at":"2019-02-14T20:27:39.000Z","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":"0000899243-19-003763","document":"doc5.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1706059/000089924319003763/doc5.xml","form_type":"5"}}]}