LEGACY RESERVES LP 4

4 · LEGACY RESERVES LP · Filed Mar 3, 2017

Form 4

Period: 2017-03-01

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

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