Westcott James Daniel 4
4 · LEGACY RESERVES LP · Filed Feb 21, 2018
Insider Transaction Report
Form 4
Westcott James Daniel
EVP and CFO
Transactions
- Exercise/Conversion
Units representing limited partner interests
2018-02-18+56,322→ 126,066 total - Tax Payment
Units representing limited partner interests
2018-02-18$2.29/sh−23,626$54,104→ 102,440 total - Exercise/Conversion
Phantom Units
2018-02-18−56,322→ 166,309 total→ Units (56,322 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 42,912 phantom units were forfeited. With respect to the subjective phantom unit grants, 56,322 phantom units vested.
- [F5]Includes the remaining 82,609 phantom units and 83,700 phantom units from the phantom units granted on June 22, 2016 and March 1, 2017, respectively.