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4//SEC Filing

McGraw Kyle A 4

Accession 0001140361-18-011866

CIK 0001358831other
View on SEC.govCompany Profile

Filed

Mar 4, 7:00 PM ET

Accepted

Mar 5, 11:38 AM ET

Size

11.3 KB

Accession

0001140361-18-011866

Insider Transaction Report

Form 4
Period: 2018-03-01
LEGACY RESERVES LPLGCY
McGraw Kyle A
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

Issuer

LEGACY RESERVES LP

CIK 0001358831

→
Entity typeother

Related Parties

1
  • filerCIK 0001385052

Filing Metadata

Form type
4
Filed
Mar 4, 7:00 PM ET
Accepted
Mar 5, 11:38 AM ET
Size
11.3 KB
View on SEC.gov