0000899243-18-025087.txt : 20180924
0000899243-18-025087.hdr.sgml : 20180924
20180924194941
ACCESSION NUMBER: 0000899243-18-025087
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180920
FILED AS OF DATE: 20180924
DATE AS OF CHANGE: 20180924
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Horne Paul T
CENTRAL INDEX KEY: 0001385058
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33249
FILM NUMBER: 181084418
MAIL ADDRESS:
STREET 1: C/O LEGACY RESERVES GP, LLC
STREET 2: 303 W. WALL STREET, SUITE 1600
CITY: MIDLAND
STATE: TX
ZIP: 79701
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: LEGACY RESERVES LP
CENTRAL INDEX KEY: 0001358831
STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311]
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 303 W WALL
STREET 2: SUITE 1800
CITY: MIDLAND
STATE: TX
ZIP: 79701
BUSINESS PHONE: 432-689-5200
MAIL ADDRESS:
STREET 1: 303 W WALL
STREET 2: SUITE 1800
CITY: MIDLAND
STATE: TX
ZIP: 79701
FORMER COMPANY:
FORMER CONFORMED NAME: LEGACY RESERVES L P
DATE OF NAME CHANGE: 20060410
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2018-09-20
1
0001358831
LEGACY RESERVES LP
LGCY
0001385058
Horne Paul T
303 W. WALL STREET, SUITE 1800
MIDLAND
TX
79701
1
1
0
0
Chairman and CEO
Units representing limited partner interests
2018-09-20
4
M
0
563551
A
633867
D
Units representing limited partner interests
2018-09-20
4
M
0
1510958
A
2144825
D
Units representing limited partner interests
2018-09-20
4
D
0
1510958
4.84
D
633867
D
Units representing limited partner interests
2018-09-20
4
M
0
951005
A
1584872
D
Units representing limited partner interests
2018-09-20
4
D
0
951005
4.84
D
633867
D
Units representing limited partner interests
2018-09-20
4
D
0
633867
D
0
D
Units representing limited partner interests
2018-09-20
4
D
0
121684
D
0
I
By H2K Holdings, Ltd
Phantom Units
2018-09-20
4
M
0
563551
D
Units
563551
0
D
Phantom Units
2018-09-20
4
M
0
1510958
D
Units
1510958
0
D
Phantom Units
2018-09-20
4
M
0
951005
D
Units
951005
0
D
In connection with the corporate reorganization of the Issuer from a master limited partnership to a corporation (the "Corporate Reorganization"), each outstanding unit representing a limited partner interest in the Issuer ("Unit") was converted into the right to receive one share of common stock, $0.01 par value per share, of Legacy Reserves Inc. ("New Legacy Common Stock").
Each phantom unit represents the economic equivalent of a Unit.
These phantom units were granted pursuant to an award agreement that provided for settlement in Units and were scheduled to vest as follows: (i) 155,435 phantom units subject to vesting on February 18, 2019; (ii) 157,489 phantom units subject to vesting on February 18, 2020; and (iii) 250,627 phantom units subject to vesting on February 18, 2021. In connection with the Corporate Reorganization, these phantom units automatically vested in full and were settled in Units.
These phantom units were granted pursuant to an award agreement that provided for settlement in cash and provided for cliff vesting in the third year after grant, subject to the achievement of certain performance-based criteria during the three fiscal years prior to the vesting date. The vesting schedule was as follows: (i) 888,200 phantom units on February 18, 2019; (ii) 629,956 phantom units on February 18, 2020; and (iii) 1,503,760 phantom units on February 18, 2021.
In connection with the Corporate Reorganization, 1,510,958 of these phantom units automatically vested in full and were settled in cash. Another 1,510,958 phantom units were forfeited.
These phantom units were granted pursuant to an award agreement that provided for settlement in cash and were scheduled to vest as follows: (i) 510,714 phantom units on February 18, 2019; (ii) 314,978 phantom units on February 18, 2020; and (iii) 125,313 phantom units on February 18, 2021. In connection with the Corporate Reorganization, these phantom units automatically vested in full and were settled in cash.
The Reporting Person is the president of H2K Holdings, Ltd. and thus is deemed to indirectly beneficially own the Units held by H2K Holdings, Ltd.
Chairman and Chief Executive Officer of Legacy Reserves GP, LLC, the general partner of Legacy Reserves LP
/s/ Dan G. LeRoy, as attorney-in-fact for Paul T. Horne
2018-09-24