FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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 *

AZAR II RICHARD NATHAN

2. Date of Event Requiring Statement (MM/DD/YYYY)
8/25/2016 

3. Issuer Name and Ticker or Trading Symbol

LUCAS ENERGY, INC. [LEI]

(Last)        (First)        (Middle)

PO BOX 6172

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                            ___ X ___ 10% Owner
_____ Officer (give title below)          _____ Other (specify below)

(Street)

SAN ANTONIO, TX 78209       

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed (MM/DD/YYYY)

 

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, par value $0.001 per share   3409385   I   (1) (2) (6) See Footnotes 1, 2 and 6  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: 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
Series B Redeemable Convertible Preferred Stock   8/25/2016     (4) (5) Common Stock   1428000   $3.50   I   (1) (2) See Footnotes 1 and 2  
Series B Redeemable Convertible Preferred Stock   8/25/2016     (4) (5) Common Stock   2513280   $3.50   I   (1) (3) See Footnotes 1 and 3  

Explanation of Responses:
( 1)  Richard N. Azar II, may be deemed to beneficially own: RAD2 Minerals, Ltd. ("RAD2", which directly owns 3,409,385 shares of the common stock, par value $0.001 per share of the Issuer ("Common Stock"), and 200,000 shares of the Series B Redeemable Convertible Preferred Stock (the "Series B Preferred Stock") of the Issuer); and Segundo Resources, LLC ("Segundo", which directly owns 352,000 shares of Series B Preferred Stock of the Issuer) and as such indirectly beneficially owns the Common Stock held by RAD2 and the Series B Preferred Stock held by RAD2 and Segundo. RAD2 Management, LLC ("RAD2 LLC") as general partner of RAD2, may be deemed to beneficially own the securities held by RAD2. Mr. Azar is the manager of RAD2 LLC.
( 2)  RAD2 and RAD2 LLC, which are also reporting their ownership on this Form 3, do not have a pecuniary interest in the securities owned by Mr. Azar or Segundo.
( 3)  Segundo, which is also reporting its ownership on this Form 3, does not have a pecuniary interest in the securities owned by Mr. Azar, RAD2 LLC or RAD2.
( 4)  The Series B Preferred Stock has a face value of $25 per share and is convertible into Common Stock at a conversion price of $3.50 per share, at the option of the holder thereof, or automatically as to 25% of the Series B Preferred Stock shares if the Common Stock trades above $6.125 per share for at least 20 consecutive trading days, and trades with at least 75,000 shares of average volume per day (the "Trading Requirements"); an additional 50% if the Common Stock trades above $7.00 per share and meets the Trading Requirements; and as to the remaining Series B Preferred Stock shares, if the Common Stock trades above $7.875 per share and meets the Trading Requirements.
( 5)  Each outstanding share of Series B Preferred Stock is entitled to one vote per share on all stockholder matters. The Series B Preferred Stock is redeemable at any time by the Issuer upon the payment by the Issuer of the face amount of the Series B Preferred Stock ($25 per share) plus any and all accrued and unpaid dividends thereon.
( 6)  In connection with the Issuer's entry into a $40 million Loan Agreement on August 25, 2016, RAD2 pledged 3,120,606 shares of Common Stock to the lender in order to secure amounts owed under the Loan Agreement. RAD2 also agreed to pledge 288,779 shares of common stock to the Issuer pursuant to the terms of a Letter Agreement, described in greater detail in the Issuer's Current Report on Form 8-K filed with the Securities and Exchange Commission on August 31, 2016.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
AZAR II RICHARD NATHAN
PO BOX 6172
SAN ANTONIO, TX 78209
X X

RAD2 Management, LLC
PO BOX 6172
SAN ANTONIO, TX 78209

X

RAD2 Minerals, Ltd
PO BOX 6172
SAN ANTONIO, TX 78209

X

Segundo Resources, LLC
PO BOX 6172
SAN ANTONIO, TX 78209

X


Signatures
/s/ Richard N. Azar, II 9/7/2016
** Signature of Reporting Person Date

/s/ Richard N. Azar, II Richard N. Azar II, as Manager of RAD2 Management, LLC, the General Partner of RAD2 Minerals, Ltd. 9/7/2016
** Signature of Reporting Person Date

/s/ Richard N. Azar, II Richard N. Azar II, as Manager of Segundo Resources, LLC 9/7/2016
** Signature of Reporting Person Date

/s/ Richard N. Azar, II Richard N. Azar II, as Manager of RAD2 Management, LLC 9/7/2016
** 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 control number.
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