Pruett Steven H 4
4 · LEGACY RESERVES LP · Filed Jan 30, 2012
Insider Transaction Report
Form 4
Pruett Steven H
President, CFO and Secretary
Transactions
- Exercise/Conversion
Phantom Units
2012-01-29−3,920→ 39,880 total→ Units (3,920 underlying) - Exercise/Conversion
Units representing limited partner interests
2012-01-29+3,920→ 8,651 total - Disposition to Issuer
Units representing limited partner interests
2012-01-29$28.70/sh−3,920$112,504→ 4,731 total
Holdings
- 246,935(indirect: See footnote)
Units representing limited partner interests
Footnotes (5)
- [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 27, 2012.
- [F3]SHP Capital LP owns 246,935 units. Mr. Pruett is deemed to beneficially own the units held by SHP Capital LP.
- [F4]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.
- [F5]Includes the remaining 18,973 phantom units and 20,907 phantom units, subject to vesting, granted on February 18, 2010 and 2011, respectively.