4//SEC Filing
Horne Paul T 4
Accession 0001140361-18-011870
CIK 0001358831other
Filed
Mar 4, 7:00 PM ET
Accepted
Mar 5, 11:40 AM ET
Size
11.3 KB
Accession
0001140361-18-011870
Insider Transaction Report
Form 4
Horne Paul T
EVP of Operations
Transactions
- Award
Phantom Units
2018-03-01+250,627→ 563,551 totalExp: 2021-02-18→ Units (250,627 underlying) - Award
Phantom Units
2018-03-01+1,503,760→ 3,021,916 totalExp: 2021-02-18→ Units (1,503,760 underlying) - Award
Phantom Units
2018-03-01+125,313→ 440,291 totalExp: 2021-02-18→ Units (125,313 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 155,435 phantom units and 157,489 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 888,200 phantom units and 629,956 phantom units from the phantom units granted on June 22, 2016 and March 1, 2017, respectively.
- [F7]Includes the remaining 510,714 phantom units and 314,978 phantom units from the phantom units granted on June 22, 2016 and March 1, 2017, respectively.
Documents
Issuer
LEGACY RESERVES LP
CIK 0001358831
Entity typeother
Related Parties
1- filerCIK 0001385058
Filing Metadata
- Form type
- 4
- Filed
- Mar 4, 7:00 PM ET
- Accepted
- Mar 5, 11:40 AM ET
- Size
- 11.3 KB