4//SEC Filing
Pruett Steven H 4
Accession 0001140361-12-009688
CIK 0001358831other
Filed
Feb 20, 7:00 PM ET
Accepted
Feb 21, 2:19 PM ET
Size
10.9 KB
Accession
0001140361-12-009688
Insider Transaction Report
Form 4
Pruett Steven H
President, CFO and Secretary
Transactions
- Exercise/Conversion
Units representing limited partner interests
2012-02-18+9,580→ 14,311 total - Disposition to Issuer
Units representing limited partner interests
2012-02-18$29.67/sh−9,580$284,239→ 4,731 total - Exercise/Conversion
Phantom Units
2012-02-18−9,580→ 45,139 total→ Units (9,580 underlying)
Holdings
- 246,935(indirect: See footnote)
Units representing limited partner interests
Footnotes (6)
- [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]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 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.
- [F5]Pursuant to the achievement of certain objective, performance-based criteria, 1,882 phantom units and 1,394 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 6,876 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, 3,654 phantom units (the second tranche of the 2010 subjective phantom unit grant) and 2,650 phantom units (the first tranche of the 2011 subjective phantom unit grant), vested.
- [F6]Includes the remaining 9,487 phantom units, 13,937 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
Issuer
LEGACY RESERVES LP
CIK 0001358831
Entity typeother
Related Parties
1- filerCIK 0001385061
Filing Metadata
- Form type
- 4
- Filed
- Feb 20, 7:00 PM ET
- Accepted
- Feb 21, 2:19 PM ET
- Size
- 10.9 KB