Pruett Steven H 4

4 · LEGACY RESERVES LP · Filed Feb 3, 2012

Form 4

Period: 2012-02-02

President, CFO and Secretary

Transactions

Award
Phantom Units
2012-02-02+14,107→ 61,595 total
Exp: 2015-02-18→ Units (14,107 underlying)
Award
Phantom Units
2012-02-02+7,608→ 47,488 total
Exp: 2015-02-18→ Units (7,608 underlying)

Footnotes (4)

[F1]Each phantom unit represents the economic equivalent of a unit representing a limited partner interest in Legacy Reserves LP.
[F2]The phantom units reported on this Form 4 vest annually in one-third increments beginning on February 18, 2013 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.
[F3]The number of phantom units that vest each year for the three-year vesting period is subject to the achievement of certain objective, performance-based criteria during the fiscal year prior to the applicable vesting date. If none or only a portion of phantom units of a particular tranche vest as a result of target performance levels not being met, such number of phantom units that fail to vest will be forfeited.
[F4]Includes the remaining 18,973 phantom units, 20,907 phantom units and 21,715 phantom units from the phantom units granted on February 18, 2010, February 18, 2011 and February 2, 2012, respectively.

Documents

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