Statement of Changes in Beneficial Ownership (4)

FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person * LONG MICHAEL G	2. Issuer Name and Ticker or Trading Symbol LILIS ENERGY, INC. [ LLEX ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __ X __ Director                      _____ 10% Owner _____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle) 1800 BERING DRIVE, SUITE 510	3. Date of Earliest Transaction (MM/DD/YYYY) 2/11/2019
(Street) HOUSTON, TX 77057 (City)        (State)        (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _ X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	2/11/2019		A		10000	A	$2.17   (1)	21000	D
Common Stock	2/11/2019		A		46083	A	$2.17   (2)	67083	D

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	$2.17	2/11/2019		A		45000		(3)	(4)	Common Stock	45000.0	$0	45000	D

Explanation of Responses:
(1)	Represents restricted stock granted by the Issuer pursuant to the 2016 Omnibus Incentive Plan for Reporting Person's service on the Board of Directors. These shares vest over three years, with 34% vesting on the first anniversary of the date of the grant, 33% vesting on the second anniversary of the date of the grant, and 33% vesting on the third anniversary of the date of the grant, subject to continued service through each vesting date.
(2)	Represents restricted stock granted by the Issuer to the Reporting Person on January 31, 2019 for the Reporting Person's service on the Board of Directors.
(3)	Represents option to purchase common stock granted by the Issuer pursuant to the 2016 Omnibus Incentive Plan for Reporting Person's service on the Board of Directors, which vest, and become exercisable, in four installments: 25,000 options which vest immediately, and then in three equal installments on each of January 31, 2020, January 31, 2021, and January 31, 2022, subject to continued service through each vesting date.
(4)	This option to purchase common stock expires ten years from the date the options first vest and become exercisable.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
LONG MICHAEL G 1800 BERING DRIVE SUITE 510 HOUSTON, TX 77057	X

Signatures
/s/ Christa Garrett, Attorney-in-Fact for Michael G. Long		2/11/2019
** 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 4(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 control number.