Lawrence James R 4
4 · LEGACY RESERVES LP · Filed Jun 11, 2012
Insider Transaction Report
Form 4
Lawrence James R
Treasurer
Transactions
- Exercise/Conversion
Phantom Units
2012-06-07−3,000→ 9,000 total→ Units (3,000 underlying) - Exercise/Conversion
Units representing limited partner interests
2012-06-07+3,000→ 8,880 total
Footnotes (3)
- [F1]Each phantom unit represents the economic equivalent of a unit representing a limited partner interest in Legacy Reserves LP.
- [F2]Includes 1,520 restricted units granted to Mr. Lawrence on May 19, 2011 that vest in increments of 760 restricted units each on May 19, 2013 and May 19, 2014. Also includes 3,600 restricted units granted on May 18, 2012 that vest annually in one-third increments beginning on May 19, 2013.
- [F3]Phantom units vest annually in increments of 3,000 units beginning on the first anniversary of the grant date 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 or a combination of units and cash.