Westcott James Daniel 4

4 · LEGACY RESERVES LP · Filed Mar 5, 2018

Form 4

Period: 2018-03-01

EVP and CFO

Transactions

Award
Phantom Units
2018-03-01+812,030→ 1,618,882 total
Exp: 2021-02-18→ Units (812,030 underlying)
Award
Phantom Units
2018-03-01+135,339→ 301,648 total
Exp: 2021-02-18→ Units (135,339 underlying)
Award
Phantom Units
2018-03-01+67,669→ 506,499 total
Exp: 2021-02-18→ Units (67,669 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 82,609 phantom units and 83,700 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 472,050 phantom units and 334,802 phantom units from the phantom units granted on June 22, 2016 and March 1, 2017, respectively.
[F7]Includes the remaining 271,429 phantom units and 167,401 phantom units from the phantom units granted on June 22, 2016 and March 1, 2017, respectively.

Documents

1 file