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4//SEC Filing

LeRoy Dan G. 4

Accession 0001140361-18-011860

CIK 0001358831other
View on SEC.govCompany Profile

Filed

Mar 4, 7:00 PM ET

Accepted

Mar 5, 11:36 AM ET

Size

11.2 KB

Accession

0001140361-18-011860

Insider Transaction Report

Form 4
Period: 2018-03-01
LEGACY RESERVES LPLGCY
LeRoy Dan G.
VP, GC and Secretary
Transactions
  • Award

    Phantom Units

    2018-03-01+30,075→ 66,488 total
    Exp: 2021-02-18→ Units (30,075 underlying)
  • Award

    Phantom Units

    2018-03-01+15,038→ 111,119 total
    Exp: 2021-02-18→ Units (15,038 underlying)
  • Award

    Phantom Units

    2018-03-01+180,452→ 357,110 total
    Exp: 2021-02-18→ Units (180,452 underlying)
Footnotes (7)
  • [F1]Each phantom unit represents the economic equivalent of a unit representing a limited partner interest in Legacy Reserves LP.
  • [F2]The phantom units reported on this Form 4 are subject to vesting on February 18, 2021 and are payable in units.
  • [F3]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.
  • [F4]Represents maximum possible number of phantom units subject to cliff vesting after a three year period ending on February 18, 2021, or 200% of the target amount. The number of phantom units that vest on February 18, 2021 is subject to the achievement of certain objective, performance-based criteria during the three fiscal years prior to the vesting date. If none or only a portion of phantom units vest as a result of specified performance levels not being met, such number of phantom units that fail to vest will be forfeited.
  • [F5]The phantom units reported on this Form 4 are subject to vesting on February 18, 2021 and are payable in cash.
  • [F6]Includes the remaining 103,354 phantom units and 73,304 phantom units from the phantom units granted on June 22, 2016 and March 1, 2017, respectively.
  • [F7]Includes the remaining 59,429 phantom units and 36,652 phantom units from the phantom units granted on June 22, 2016 and March 1, 2017, respectively.

Documents

1 file

Issuer

LEGACY RESERVES LP

CIK 0001358831

→
Entity typeother

Related Parties

1
  • filerCIK 0001546177

Filing Metadata

Form type
4
Filed
Mar 4, 7:00 PM ET
Accepted
Mar 5, 11:36 AM ET
Size
11.2 KB
View on SEC.gov