Morris William M 4
4 · LEGACY RESERVES LP · Filed Feb 1, 2011
Insider Transaction Report
Form 4
Morris William M
VP, CAO and Controller
Transactions
- Exercise/Conversion
Units representing limited partner interests
2011-01-29+1,960→ 7,037 total - Exercise/Conversion
Phantom Units
2011-01-29−1,960→ 14,464 total→ Units (1,960 underlying) - Disposition to Issuer
Units representing limited partner interests
2011-01-29$29.09/sh−1,960$57,016→ 5,077 total
Footnotes (4)
- [F1]Each phantom unit represents the economic equivalent of a unit representing a limited partner interest in Legacy Reserves LP.
- [F2]Reflects the closing price of the units on January 28, 2011.
- [F3]Phantom units vest annually in one-third increments beginning on the first anniversary of their respective grant dates 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.
- [F4]Includes the remaining 1,120 phantom units, 1,960 phantom units and 11,384 phantom units, subject to vesting, granted on February 4, 2008, January 29, 2009 and February 18, 2010, respectively.