LeRoy Dan G. 4
4 · LEGACY RESERVES LP · Filed Feb 21, 2018
Insider Transaction Report
Form 4
LeRoy Dan G.
VP, GC and Secretary
Transactions
- Exercise/Conversion
Units representing limited partner interests
2018-02-18+15,690→ 31,645 total - Tax Payment
Units representing limited partner interests
2018-02-18$2.29/sh−7,006$16,044→ 24,639 total - Exercise/Conversion
Phantom Units
2018-02-18−15,690→ 36,413 total→ Units (15,690 underlying)
Footnotes (5)
- [F1]Each phantom unit represents the economic equivalent of a unit representing a limited partner interest in Legacy Reserves LP.
- [F2]Reflects the closing price of the units on February 16, 2018.
- [F3]Phantom units granted on or after February 24, 2015 vest on February 18th in the third year after grant and are payable in units.
- [F4]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 11,954 phantom units were forfeited. With respect to the subjective phantom unit grants, 15,690 phantom units vested.
- [F5]Includes the remaining 18,087 phantom units and 18,326 phantom units from the phantom units granted on June 22, 2016 and March 1, 2017, respectively.