Pence Britt 4
4 · Vanguard Natural Resources, Inc. · Filed Aug 3, 2017
Insider Transaction Report
Form 4
Pence Britt
Vice President of Engineering
Transactions
- Other
Common Units representing LLC units
2017-08-01−159,078→ 0 total - Other
Phantom Units
2017-08-01−2,695,264→ 0 totalExercise: $0.00From: 2017-05-18Exp: 2017-05-18→ Common Units representing LLC units (2,695,264 underlying)
Footnotes (2)
- [F1]On July 18, 2017, an order confirming the plan of reorganization of Vanguard Natural Resources, LLC ("the Company") and certain of its subsidiaries ("the Plan") was entered by the United States Bankruptcy Court for the Southern District of Texas. On August 1, 2017,the Plan became effective pursuant to its terms and all of the Company's equity was cancelled without the receipt of any consideration.
- [F2]Each phantom unit gave the holder the right to receive a common unit equal to the number of phantom units or the cash value of the vested phantom units as determined by the Compensation Committee at its discretion.