4//SEC Filing
LeRoy Dan G. 4
Accession 0000899243-18-025097
CIK 0001358831other
Filed
Sep 23, 8:00 PM ET
Accepted
Sep 24, 8:03 PM ET
Size
21.7 KB
Accession
0000899243-18-025097
Insider Transaction Report
Form 4
LeRoy Dan G.
VP, GC and Secretary
Transactions
- Disposition to Issuer
Units representing limited partner interests
2018-09-20$4.84/sh−178,555$864,206→ 91,127 total - Exercise/Conversion
Units representing limited partner interests
2018-09-20+66,488→ 91,127 total - Exercise/Conversion
Units representing limited partner interests
2018-09-20+178,555→ 269,682 total - Disposition to Issuer
Units representing limited partner interests
2018-09-20$4.84/sh−111,119$537,816→ 91,127 total - Exercise/Conversion
Units representing limited partner interests
2018-09-20+111,119→ 202,246 total - Exercise/Conversion
Phantom Units
2018-09-20−178,555→ 0 total→ Units (178,555 underlying) - Disposition to Issuer
Units representing limited partner interests
2018-09-20−91,127→ 0 total - Exercise/Conversion
Phantom Units
2018-09-20−66,488→ 0 total→ Units (66,488 underlying) - Exercise/Conversion
Phantom Units
2018-09-20−111,119→ 0 total→ Units (111,119 underlying)
Footnotes (6)
- [F1]In connection with the corporate reorganization of the Issuer from a master limited partnership to a corporation (the "Corporate Reorganization"), each In connection with the corporate reorganization of the Issuer from a master limited partnership to a corporation (the "Corporate Reorganization"), each outstanding unit representing a limited partner interest in the Issuer ("Unit") was converted into the right to receive one share of common stock, $0.01 par value per share, of Legacy Reserves Inc. ("New Legacy Common Stock").
- [F2]Each phantom unit represents the economic equivalent of a Unit.
- [F3]These phantom units were granted pursuant to an award agreement that provided for settlement in Units and were scheduled to vest as follows: (i) 18,087 phantom units subject to vesting on February 18, 2019; (ii) 18,326 phantom units subject to vesting on February 18, 2020; and (iii) 30,075 phantom units subject to vesting on February 18, 2021. In connection with the Corporate Reorganization, these phantom units automatically vested in full and were settled in Units.
- [F4]These phantom units were granted pursuant to an award agreement that provided for settlement in cash and provided for cliff vesting in the third year after grant, subject to the achievement of certain performance-based criteria during the three fiscal years prior to the vesting date. The vesting schedule was as follows: (i) 103,354 phantom units on February 18, 2019; (ii) 73,304 phantom units on February 18, 2020; and (iii) 180,452 phantom units on February 18, 2021.
- [F5]In connection with the Corporate Reorganization, 178,555 of these phantom units automatically vested in full and were settled in cash. Another 178,555 phantom units were forfeited.
- [F6]These phantom units were granted pursuant to an award agreement that provided for settlement in cash and were scheduled to vest as follows: (i) 59,429 phantom units on February 18, 2019; (ii) 36,652 phantom units on February 18, 2020; and (iii) 15,038 phantom units on February 18, 2021. In connection with the Corporate Reorganization, these phantom units automatically vested in full and were settled in cash.
Documents
Issuer
LEGACY RESERVES LP
CIK 0001358831
Entity typeother
Related Parties
1- filerCIK 0001546177
Filing Metadata
- Form type
- 4
- Filed
- Sep 23, 8:00 PM ET
- Accepted
- Sep 24, 8:03 PM ET
- Size
- 21.7 KB