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