Lawrence James R 4
4 · LEGACY RESERVES LP · Filed Jun 9, 2010
Insider Transaction Report
Form 4
Lawrence James R
Treasurer
Transactions
- Award
Unit Appreciation Rights
2010-06-07+10,000→ 10,000 totalExercise: $21.32Exp: 2017-06-07→ Units (10,000 underlying) - Award
Phantom Units
2010-06-07+15,000→ 25,000 totalExp: 2015-06-07→ Units (15,000 underlying)
Footnotes (3)
- [F1]Unit appreciation rights vest annually in one-third increments beginning on the first anniversary of the grant date and are payable in cash.
- [F2]Each phantom unit represents the economic equivalent of a unit representing a limited partner interest in Legacy Reserves LP.
- [F3]Phantom units vest annually in one-fifth increments beginning on the first anniversary of the grant date and are payable in cash or, at the discretion of the compensation committee of the board of directors of the general partner of the Issuer, in units or a combination of units and cash.