4//SEC Filing
Morris William M 4
Accession 0001140361-12-009686
CIK 0001358831other
Filed
Feb 20, 7:00 PM ET
Accepted
Feb 21, 2:18 PM ET
Size
9.9 KB
Accession
0001140361-12-009686
Insider Transaction Report
Form 4
Morris William M
VP, CAO and Controller
Transactions
- Exercise/Conversion
Units representing limited partner interests
2012-02-18+3,787→ 8,864 total - Disposition to Issuer
Units representing limited partner interests
2012-02-18$29.67/sh−3,787$112,360→ 5,077 total - Exercise/Conversion
Phantom Units
2012-02-18−3,787→ 17,219 total→ Units (3,787 underlying)
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 February 17, 2012.
- [F3]Phantom units vest annually in one-third increments on February 18th of each applicable year 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]Pursuant to the achievement of certain objective, performance-based criteria, 753 phantom units and 542 phantom units, or 32.27% each of the phantom units eligible to vest for the year ended December 31, 2011, granted on February 18, 2010 and February 18, 2011, respectively, vested. Accordingly, the remaining aggregate 2,717 phantom units eligible to vest during 2012 with respect to the February 18, 2010 and February 18, 2011 phantom unit grants did not vest and were forfeited. Additionally, 1,462 phantom units (the second tranche of the 2010 subjective phantom unit grant) and 1,030 phantom units (the first tranche of the 2011 subjective phantom unit grant), vested.
- [F5]Includes the remaining 3,794 phantom units, 5,417 phantom units and 8,008 phantom units from the phantom units granted on February 18, 2010, February 18, 2011 and February 2, 2012, respectively.
Documents
Issuer
LEGACY RESERVES LP
CIK 0001358831
Entity typeother
Related Parties
1- filerCIK 0001385048
Filing Metadata
- Form type
- 4
- Filed
- Feb 20, 7:00 PM ET
- Accepted
- Feb 21, 2:18 PM ET
- Size
- 9.9 KB