4//SEC Filing
Vanguard Natural Resources, LLC 4
Accession 0001638599-16-000901
CIK 0001384072operating
Filed
May 18, 8:00 PM ET
Accepted
May 19, 1:10 PM ET
Size
8.0 KB
Accession
0001638599-16-000901
Insider Transaction Report
Form 4
Pence Britt
Vice President of Engineering
Transactions
- Conversion
Common Units representing LLC units
2016-05-18+13,000→ 212,623 total - Disposition to Issuer
Phantom Units
2016-05-18−13,000→ 529,778 totalExercise: $0.00From: 2016-05-18Exp: 2016-05-18→ Common Units (13,000 underlying)
Footnotes (2)
- [F1]The phantom units were granted pursuant to the execution of a Second Amended and Restated Employment Agreement on February 8, 2010 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 five equal annual installments, with the first vesting date being May 18, 2013, 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.
- [F2]The phantom units, once vested, shall be settled through the delivery of a number of Common Units equal to the number of such Vested Units, or an amount of cash equal to the Fair Market Value of a Common Unit on the Vesting Date to be paid in a single lump sum payment, as determined by the Comp Committee in its discretion.
Documents
Issuer
Vanguard Natural Resources, LLC
CIK 0001384072
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001384072
Filing Metadata
- Form type
- 4
- Filed
- May 18, 8:00 PM ET
- Accepted
- May 19, 1:10 PM ET
- Size
- 8.0 KB