Vanguard Natural Resources, LLC 4
4 · Vanguard Natural Resources, LLC · Filed Jul 1, 2015
Insider Transaction Report
Form 4
McCullough Bruce W.
Director
Transactions
- Award
Common units representing LLC interests
2015-07-01$15.12/sh+1,157$17,494→ 32,164 total
Footnotes (1)
- [F1]The Vanguard Natural Resources, LLC ("VNR") Board of Directors approved the option for the VNR management team and Independent Board of Directors to receive VNR common units in lieu of 2015 cash compensation. Bruce McCullough elected this option and under the plan received a quarterly grant of VNR common units instead of his third quarter 2015 cash compensation. The unit price is calculated by using the weighted average closing price of the month prior to the grant.