Hammond Kyle 4
4 · Legacy Reserves Inc. · Filed Sep 24, 2018
Insider Transaction Report
Form 4
Hammond Kyle
EVP and COO
Transactions
- Award
Common Stock
2018-09-20+398,096→ 398,096 total - Award
Common Stock
2018-09-21+1,267,606→ 1,665,702 total - Award
Common Stock
2018-09-20+52,300→ 52,300 total(indirect: By Trust)
Footnotes (3)
- [F1]In connection with the corporate reorganization of Legacy Reserves LP from a master limited partnership to a corporation, each outstanding unit representing a limited partner interest in Legacy Reserves LP was converted into the right to receive one share of common stock, $0.01 par value per share, of the Issuer ("Common Stock").
- [F2]Reflects restricted stock units granted in connection with the corporate reorganization. Each restricted stock unit represents a contingent right to receive one share of Common Stock. These restricted stock units vest 25% on March 1, 2020, 25% on March 1, 2021, and 50% on March 1, 2022, subject to the Reporting Person's continued employment on each vesting date and possible acceleration.
- [F3]The Reporting Person is both trustee and beneficiary of SDH Trust, and thus is deemed to indirectly beneficially own the Units held by the SDH Trust.