McGraw Kyle A 4

4 · LEGACY RESERVES LP · Filed Mar 5, 2018

Form 4

Period: 2018-03-01

DirectorEVP of Bus Dev and Land

Transactions

Award
Phantom Units
2018-03-01+66,667→ 176,957 total
Exp: 2021-02-18→ Units (66,667 underlying)
Award
Phantom Units
2018-03-01+400,000→ 935,070 total
Exp: 2021-02-18→ Units (400,000 underlying)
Award
Phantom Units
2018-03-01+33,333→ 324,346 total
Exp: 2021-02-18→ Units (33,333 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 54,783 phantom units and 55,507 phantom units from the phantom units granted on June 22, 2016 and March 1, 2017, respectively, which are all payable in units.
[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 313,044 phantom units and 222,026 phantom units from the phantom units granted on June 22, 2016 and March 1, 2017, respectively.
[F7]Includes the remaining 180,000 phantom units and 111,013 phantom units from the phantom units granted on June 22, 2016 and March 1, 2017, respectively.

Documents

1 file