4//SEC Filing
Vanguard Natural Resources, LLC 4
Accession 0001144204-16-074472
CIK 0001384072operating
Filed
Jan 5, 7:00 PM ET
Accepted
Jan 6, 5:53 PM ET
Size
6.7 KB
Accession
0001144204-16-074472
Insider Transaction Report
Form 4
Robert Richard A
Executive VP and CFO
Transactions
- Award
Phantom Units
2016-01-04+630,872→ 680,872 totalFrom: 2017-01-04→ Common Units (630,872 underlying)
Footnotes (1)
- [F1]The phantom units were granted pursuant to the execution of an Amended and Restated Employment Agreement on January 1, 2015 and subject to a Phantom Unit Award Agreement. Each phantom unit represents the equivalent of one common unit of the Company. The phantom units are subject to vesting in three equal annual installments, with the first vesting date being January 4, 2017, and each subsequent vesting date occurring on each annual anniversary of the first vesting date. The vested phantom units are payable following each vesting date, in either the Company's common units or in a cash amount equal to the fair market value of the Company's common units on the vesting date. The phantom units are accompanied by dividend equivalent rights, which entitle the executives to receive the value of any dividends made by the Company on its units generally with respect to the number of phantom shares that executive received pursuant to this grant and are subject to vesting in two equal annual installments, 50% available for applicable monthly distributions at the grant date of January 4, 2016 and the remaining 50% available upon vesting. Vesting of both the underlying phantom units and the tandem dividend equivalent rights is generally subject to the grantee's continued employment through the applicable vesting date, with such other terms as set forth in the applicable award agreement.
Documents
Issuer
Vanguard Natural Resources, LLC
CIK 0001384072
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001384072
Filing Metadata
- Form type
- 4
- Filed
- Jan 5, 7:00 PM ET
- Accepted
- Jan 6, 5:53 PM ET
- Size
- 6.7 KB