0001384072-17-000014.txt : 20170105 0001384072-17-000014.hdr.sgml : 20170105 20170105160623 ACCESSION NUMBER: 0001384072-17-000014 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170101 FILED AS OF DATE: 20170105 DATE AS OF CHANGE: 20170105 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: 17510645 MAIL ADDRESS: STREET 1: WISER OIL CO STREET 2: 8115 PRESTON ROAD SUITE 400 CITY: DALLAS STATE: TX ZIP: 75225 4 1 wf-form4_148365036919396.xml FORM 4 X0306 4 2017-01-01 0 0001384072 Vanguard Natural Resources, LLC VNR 0001265623 SMITH SCOTT W 5847 SAN FELIPE, SUITE 3000 HOUSTON TX 77057 0 1 0 0 President and CEO Phantom Units 2017-01-01 4 A 0 5335821 0 A 2018-01-01 Common Units representing LLC units 5335821.0 6483204 D The phantom units were granted pursuant to the execution of an Amended and Restated Employment Agreement on January 1, 2016 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 1, 2018, 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 1, 2017 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. Each phantom unit gives 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. /s/ Scott W. Smith 2017-01-05