4//SEC Filing
Brown Cary D 4
Accession 0001140361-18-009376
CIK 0001358831other
Filed
Feb 20, 7:00 PM ET
Accepted
Feb 21, 4:36 PM ET
Size
9.1 KB
Accession
0001140361-18-009376
Insider Transaction Report
Form 4
Brown Cary D
DirectorChairman and CEO10% Owner
Transactions
- Exercise/Conversion
Units representing limited partner interests
2018-02-18+143,822→ 296,547 total - Exercise/Conversion
Phantom Units
2018-02-18−143,822→ 0 total→ Units (143,822 underlying)
Holdings
- 3,606,565(indirect: See footnote)
Units representing limited partner interests
Footnotes (6)
- [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 February 24, 2015 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, 2017, granted on February 24, 2015, vested and therefore 109,578 phantom units were forfeited. With respect to the subjective phantom unit grants, 143,822 phantom units vested.
Documents
Issuer
LEGACY RESERVES LP
CIK 0001358831
Entity typeother
Related Parties
1- filerCIK 0001385051
Filing Metadata
- Form type
- 4
- Filed
- Feb 20, 7:00 PM ET
- Accepted
- Feb 21, 4:36 PM ET
- Size
- 9.1 KB