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LEGACY RESERVES LP 4

Accession 0001140361-17-010502

CIK 0001358831operating
View on SEC.govCompany Profile

Filed

Mar 2, 7:00 PM ET

Accepted

Mar 3, 3:18 PM ET

Size

11.2 KB

Accession

0001140361-17-010502

Insider Transaction Report

Form 4
Period: 2017-03-01
LEGACY RESERVES LPLGCY
Westcott James Daniel
EVP and CFO
Transactions
  • Award

    Phantom Units

    2017-03-01+167,401→ 438,830 total
    Exp: 2020-02-18→ Units (167,401 underlying)
  • Award

    Phantom Units

    2017-03-01+83,700→ 265,543 total
    Exp: 2020-02-18→ Units (83,700 underlying)
  • Award

    Phantom Units

    2017-03-01+334,802→ 806,852 total
    Exp: 2020-02-18→ Units (334,802 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 99,234 phantom units and 82,609 phantom units from the phantom units granted on February 24, 2015 and June 22, 2016, respectively.
  • [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 472,050 phantom units from the phantom units granted on June 22, 2016.
  • [F7]Includes the remaining 271,429 phantom units from the phantom units granted on June 22, 2016.

Documents

1 file

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, 3:18 PM ET
Size
11.2 KB
View on SEC.gov