4//SEC Filing
LEGACY RESERVES LP 4
Accession 0001140361-17-010493
CIK 0001358831operating
Filed
Mar 2, 7:00 PM ET
Accepted
Mar 3, 3:14 PM ET
Size
11.1 KB
Accession
0001140361-17-010493
Insider Transaction Report
Form 4
Hammond Kyle
Executive V.P. and COO
Transactions
- Award
Phantom Units
2017-03-01+66,960→ 133,047 totalExp: 2020-02-18→ Units (66,960 underlying) - Award
Phantom Units
2017-03-01+267,842→ 645,482 totalExp: 2020-02-18→ Units (267,842 underlying) - Award
Phantom Units
2017-03-01+133,921→ 351,064 totalExp: 2020-02-18→ Units (133,921 underlying)
Footnotes (7)
- [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 are subject to vesting on February 18, 2020 and are payable in units.
- [F3]Includes the remaining 66,087 phantom units from the phantom units granted on June 22, 2016.
- [F4]Represents maximum possible number of phantom units subject to cliff vesting after a three year period ending on February 18, 2020, or 200% of the target amount. The number of phantom units that vest on February 18, 2020 is subject to the achievement of certain objective, performance-based criteria during the three fiscal years prior to the vesting date. If none or only a portion of phantom units vest as a result of specified performance levels not being met, such number of phantom units that fail to vest will be forfeited.
- [F5]The phantom units reported on this Form 4 are subject to vesting on February 18, 2020 and are payable in cash.
- [F6]Includes the remaining 377,460 phantom units from the phantom units granted on June 22, 2016.
- [F7]Includes the remaining 217,143 phantom units from the phantom units granted on June 22, 2016.
Documents
Issuer
LEGACY RESERVES LP
CIK 0001358831
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001358831
Filing Metadata
- Form type
- 4
- Filed
- Mar 2, 7:00 PM ET
- Accepted
- Mar 3, 3:14 PM ET
- Size
- 11.1 KB