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