4//SEC Filing
Brown Dale A 4
Accession 0001104659-12-086812
CIK 0001358831other
Filed
Dec 27, 7:00 PM ET
Accepted
Dec 28, 6:31 PM ET
Size
14.2 KB
Accession
0001104659-12-086812
Insider Transaction Report
Form 4
Brown Dale A
Director10% Owner
Transactions
- Other
Units representing limited partner interests
2012-12-26−800,000→ 394,591 total - Sale
Units representing limited partner interests
2012-12-26−800,000→ 4,167,361 total(indirect: See Footnote) - Other
Units representing limited partner interests
2012-12-26−1,600,000→ 3,367,361 total(indirect: See Footnote) - Other
Units representing limited partner interests
2012-12-26+800,000→ 1,194,591 total - Other
Units representing limited partner interests
2012-12-26+800,000→ 4,167,361 total(indirect: See Footnote)
Footnotes (5)
- [F1]Reflects the pro rata distribution, not for value, of 800,000 units representing limited partner interests in Legacy Reserves, LP ("Legacy") to each of Mr. Dale A. Brown (the reporting person, or "Mr. D. Brown") and Mr. Cary D. Brown ("Mr. C. Brown") as the two limited partners of Moriah Properties, Ltd. ("Moriah Properties") and as the two shareholders of Moriah Resources, Inc. ("Moriah Resources"), the general partner of Moriah Properties, or an aggregate distribution of 1,600,000 units. Moriah Properties and Moriah Resources are both controlled by Mr. D. Brown and Mr. C. Brown. As a result of the pro rata distribution, Mr. D. Brown's beneficial ownership in 800,000 units changed from indirect to direct. In prior reports, the reporting person reported indirect beneficial ownership of these units.
- [F2]Includes 2,791,408 units held by Moriah Properties, 33,672 units held by Moriah Resources, and 542,281 units held by DAB Resources, Ltd. ("DAB Resources"). DAB Resources is an entity partially owned by Mr. D. Brown. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and the inclusion of these units in this report shall not be deemed an admission of beneficial ownership of all of the reported units for purposes of Section 16 or for any other purpose.
- [F3]Reflects the contribution of units representing limited partner interests in Legacy to DAB Family Properties, Ltd. ("DAB Family Properties") in exchange for limited partner interests in DAB Family Properties. This transaction changed Mr. D. Brown's beneficial ownership in 800,000 units from direct to indirect. DAB 1999 Corp. (the "Corporation") is the sole general partner of DAB Family Properties, and Mr. D. Brown and his wife, Rita F. Brown ("Mrs. Brown"), are the sole shareholders of the Corporation.
- [F4]Includes 2,791,408 units held by Moriah Properties, 33,672 units held by Moriah Resources, 542,281 units held by DAB Resources, and 800,000 units held by DAB Family Properties. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and the inclusion of these units in this report shall not be deemed an admission of beneficial ownership of all of the reported units for purposes of Section 16 or for any other purpose.
- [F5]On 12/26/12, Mr. D. Brown and Mrs. Brown (i) gifted a portion of the limited partnership interest in DAB Family Properties to the Brown Heirs 2012 Trust (the "Trust"), of which Mr. D. Brown is not a trustee or beneficiary, and (ii) sold the remaining 56.46% limited partnership interest in DAB Family Properties to the Trust for an aggregate purchase price of $10,000.000.00.
Documents
Issuer
LEGACY RESERVES LP
CIK 0001358831
Entity typeother
Related Parties
1- filerCIK 0001385049
Filing Metadata
- Form type
- 4
- Filed
- Dec 27, 7:00 PM ET
- Accepted
- Dec 28, 6:31 PM ET
- Size
- 14.2 KB