0001144204-16-076983.txt : 20160126 0001144204-16-076983.hdr.sgml : 20160126 20160126154619 ACCESSION NUMBER: 0001144204-16-076983 CONFORMED SUBMISSION TYPE: 4/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160104 FILED AS OF DATE: 20160126 DATE AS OF CHANGE: 20160126 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: Pence Britt CENTRAL INDEX KEY: 0001415750 FILING VALUES: FORM TYPE: 4/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-33756 FILM NUMBER: 161361511 MAIL ADDRESS: STREET 1: 7700 SAN FELIPE STREET 2: SUITE 485 CITY: HOUSTON STATE: TX ZIP: 77063 4/A 1 form4a76544_20160126034531-.xml X0306 4/A 2016-01-04 2016-01-06 0 0001384072 Vanguard Natural Resources, LLC VNR 0001415750 Pence Britt 5847 SAN FELIPE, SUITE 3000 HOUSTON TX US 77057 0 1 0 0 Executive VP of Operations Phantom Units 2016-01-04 4 A 0 516778 0 A 2017-01-04 Common 516778 542778 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 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/ Britt Pence 2016-01-26