0001144204-16-074475.txt : 20160106
0001144204-16-074475.hdr.sgml : 20160106
20160106175714
ACCESSION NUMBER: 0001144204-16-074475
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160104
FILED AS OF DATE: 20160106
DATE AS OF CHANGE: 20160106
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Vanguard Natural Resources, LLC
CENTRAL INDEX KEY: 0001384072
STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311]
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 5847 SAN FELIPE
STREET 2: SUITE 3000
CITY: HOUSTON
STATE: TX
ZIP: 77057
BUSINESS PHONE: 832-327-2259
MAIL ADDRESS:
STREET 1: 5847 SAN FELIPE
STREET 2: SUITE 3000
CITY: HOUSTON
STATE: TX
ZIP: 77057
FORMER COMPANY:
FORMER CONFORMED NAME: Vanguard Natural Resrouces LLC
DATE OF NAME CHANGE: 20061219
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: SMITH SCOTT W
CENTRAL INDEX KEY: 0001265623
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33756
FILM NUMBER: 161328021
MAIL ADDRESS:
STREET 1: WISER OIL CO
STREET 2: 8115 PRESTON ROAD SUITE 400
CITY: DALLAS
STATE: TX
ZIP: 75225
4
1
form476481_20160106055643-.xml
X0306
4
2016-01-04
0
0001384072
Vanguard Natural Resources, LLC
VNR
0001265623
SMITH SCOTT W
5847 SAN FELIPE
SUITE 3000
HOUSTON
TX
US 77057
0
1
0
0
President and CEO
Phantom Units
2016-01-04
4
A
0
1107383
0
A
2017-01-04
Common Units
1107383
1187383
D
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.
/s/ Scott W. Smith
2016-01-06