4//SEC Filing
LEGACY RESERVES LP 4
Accession 0001140361-17-008591
CIK 0001358831operating
Filed
Feb 21, 7:00 PM ET
Accepted
Feb 22, 4:21 PM ET
Size
9.2 KB
Accession
0001140361-17-008591
Insider Transaction Report
Form 4
Brown Cary D
DirectorChairman and CEO10% Owner
Transactions
- Exercise/Conversion
Units representing limited partner interests
2017-02-18+47,170→ 104,878 total - Exercise/Conversion
Phantom Units
2017-02-18−47,170→ 253,400 total→ Units (47,170 underlying)
Holdings
- 3,606,565(indirect: See footnote)
Units representing limited partner interests
Footnotes (7)
- [F1]Each phantom unit represents the economic equivalent of a unit representing a limited partner interest in Legacy Reserves LP.
- [F2]The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these units in this report shall not be deemed an admission of beneficial ownership of all the reported units for the purposes of Section 16 or for any other purpose.
- [F3]Includes Mr. Brown's pecuniary interest in 406,827 units held by DAB Family Properties, Ltd., an entity partially owned by Brown Heirs 2012 Trust, of which Mr. Brown is a beneficiary.
- [F4]Includes 3,199,738 units held by Cary and Jill Brown Family Partners Ltd.
- [F5]Phantom units granted on or after March 3, 2014 vest on February 18th in the third year after grant and are payable in units.
- [F6]Pursuant to the achievement of certain objective, performance-based criteria, none of the phantom units eligible to vest for the year ended December 31, 2016, granted on March 3, 2014, vested and therefore 41,330 phantom units were forfeited. With respect to the subjective phantom unit grants, 47,170 phantom units vested.
- [F7]Includes 253,400 phantom units granted on February 24, 2015.
Documents
Issuer
LEGACY RESERVES LP
CIK 0001358831
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001358831
Filing Metadata
- Form type
- 4
- Filed
- Feb 21, 7:00 PM ET
- Accepted
- Feb 22, 4:21 PM ET
- Size
- 9.2 KB