Hammond Kyle 4
4 · LEGACY RESERVES LP · Filed Mar 5, 2018
Insider Transaction Report
Form 4
Hammond Kyle
Executive V.P. and COO
Transactions
- Award
Phantom Units
2018-03-01+127,819→ 260,866 totalExp: 2021-02-18→ Units (127,819 underlying) - Award
Phantom Units
2018-03-01+766,918→ 1,412,400 totalExp: 2021-02-18→ Units (766,918 underlying) - Award
Phantom Units
2018-03-01+63,910→ 414,974 totalExp: 2021-02-18→ Units (63,910 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 66,087 phantom units and 66,960 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 377,640 phantom units and 267,842 phantom units from the phantom units granted on June 22, 2016 and March 1, 2017, respectively.
- [F7]Includes the remaining 217,143 phantom units and 133,921 phantom units from the phantom units granted on June 22, 2016 and March 1, 2017, respectively.