4//SEC Filing
McGraw Kyle A 4
Accession 0001140361-18-009383
CIK 0001358831other
Filed
Feb 20, 7:00 PM ET
Accepted
Feb 21, 4:38 PM ET
Size
10.7 KB
Accession
0001140361-18-009383
Insider Transaction Report
Form 4
McGraw Kyle A
DirectorEVP of Bus Dev and Land
Transactions
- Exercise/Conversion
Units representing limited partner interests
2018-02-18+50,690→ 74,227 total - Exercise/Conversion
Phantom Units
2018-02-18−50,690→ 110,290 total→ Units (50,690 underlying) - Tax Payment
Units representing limited partner interests
2018-02-18$2.29/sh−21,683$49,654→ 52,544 total
Holdings
- 1,020,060(indirect: See footnotes)
Units representing limited partner interests
Footnotes (7)
- [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]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 of the reported units for purposes of Section 16 or for any other purpose.
- [F4]Includes 1,020,060 units owned by Kyle A. McGraw Family Holdings, Ltd., an entity partially owned by Mr. McGraw.
- [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 38,620 phantom units were forfeited. With respect to the subjective phantom unit grants, 50,690 phantom units vested.
- [F7]Includes the remaining 54,783 phantom units and 55,507 phantom units from the phantom units granted on June 22, 2016 and March 1, 2017, respectively.
Documents
Issuer
LEGACY RESERVES LP
CIK 0001358831
Entity typeother
Related Parties
1- filerCIK 0001385052
Filing Metadata
- Form type
- 4
- Filed
- Feb 20, 7:00 PM ET
- Accepted
- Feb 21, 4:38 PM ET
- Size
- 10.7 KB