Horne Paul T 4
4 · LEGACY RESERVES LP · Filed Feb 21, 2018
Insider Transaction Report
Form 4
Horne Paul T
EVP of Operations
Transactions
- Exercise/Conversion
Units representing limited partner interests
2018-02-18+61,149→ 94,465 total - Tax Payment
Units representing limited partner interests
2018-02-18$2.29/sh−24,149$55,301→ 70,316 total - Exercise/Conversion
Phantom Units
2018-02-18−61,149→ 312,924 total→ Units (61,149 underlying)
Holdings
- 121,684(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]Reflects the closing price of the units on February 16, 2018.
- [F3]Mr. Horne indirectly beneficially owns the 121,684 units held by H2K Holdings, Ltd.
- [F4]Phantom units granted on or after February 24, 2015 vest on February 18th in the third year after grant and are payable in units.
- [F5]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 46,590 phantom units were forfeited. With respect to the subjective phantom unit grants, 61,149 phantom units vested.
- [F6]Includes the remaining 155,435 phantom units and 157,489 phantom units from the phantom units granted on June 22, 2016 and March 1, 2017, respectively.