Lawrence James R 4
4 · LEGACY RESERVES LP · Filed Jun 8, 2011
Insider Transaction Report
Form 4
Lawrence James R
Treasurer
Transactions
- Exercise/Conversion
Units representing limited partner interests
2011-06-07+3,000→ 5,280 total - Disposition to Issuer
Units representing limited partner interests
2011-06-07$28.87/sh−3,000$86,610→ 2,280 total - Exercise/Conversion
Phantom Units
2011-06-07−3,000→ 12,000 total→ Units (3,000 underlying)
Footnotes (4)
- [F1]Each phantom unit represents the economic equivalent of a unit representing limited partner interest in Legacy Reserves LP.
- [F2]Reflects the closing price of the units on June 7, 2011.
- [F3]Includes 2,280 restricted units granted to Mr. Lawrence on May 19, 2011. The restricted units vest annually in one-third increments beginning on the first anniversary of the grant date.
- [F4]Phantom units vest annually in one-fifth 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.