SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL OMB Number: 3235-0104 Estimated average burden hours per response: 0.5

1. Name and Address of Reporting Person* VERTEX FUND (Last) (First) (Middle) C/O VERTEX ONE ASSET MANAGEMENT, INC., 3200-1021 WEST HASTINGS STREET (Street) VANCOUVER A1 V6E 0C3 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 04/28/2017	3. Issuer Name and Ticker or Trading Symbol LILIS ENERGY, INC. [ LLEX ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	7,029,243	I	See Footnotes(1)(2)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* VERTEX FUND (Last) (First) (Middle) C/O VERTEX ONE ASSET MANAGEMENT, INC., 3200-1021 WEST HASTINGS STREET (Street) VANCOUVER A1 V6E 0C3 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* VERTEX ONE ASSET MANAGEMENT INC. (Last) (First) (Middle) C/O VERTEX ONE ASSET MANAGEMENT, INC., 3200-1021 WEST HASTINGS STREET (Street) VANCOUVER A1 V6E 0C3 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* THIESSEN JOHN (Last) (First) (Middle) C/O VERTEX ONE ASSET MANAGEMENT, INC., 3200-1021 WEST HASTINGS STREET (Street) VANCOUVER A1 V6E 0C3 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. Vertex One Asset Management, Inc. ("Vertex One") is the manager of Vertex Fund, a corporation formed and operating under the laws of British Columbia, Canada (the "Fund"). The Fund holds 6,973,360 shares of the common stock, par value $0.00001 (the "Common Stock"), of Lilis Energy, Inc. (the "Issuer"). Other accounts managed by Vertex One hold 55,883 shares of Common Stock.

2. John Thiessen is a principal of Vertex One. Mr. Thiessen is deemed to be the indirect beneficial owner of the securities reported by reason of his ability to direct the vote and/or disposition of such securities, and his pecuniary interest in such shares (within the meaning of Rule 16a-1(a)(2) under the Securities Exchange Act of 1934, as amended) is a fractional interest in such amount.

	JOHN THIESSEN /s/John Thiessen John Thiessen	05/15/2017
	VERTEX ONE ASSET MANAGEMENT, INC. By: /s/ John Thiessen Name: John Thiessen Title: Director and Portfolio Manager	05/15/2017
	VERTEX FUND By Vertex One Asset Management, Inc., its Fund Manager By: /s/ John Thiessen Name: John Thiessen Title: Director and Portfolio Manager	05/15/2017
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.