Morris William M 4
4 · LEGACY RESERVES LP · Filed Mar 15, 2010
Insider Transaction Report
Form 4
Morris William M
VP, CAO and Controller
Transactions
- Exercise/Conversion
Units representing limited partner interests
2010-03-11$17.00/sh+13,320$226,440→ 18,397 total - Disposition to Issuer
Units representing limited partner interests
2010-03-11$22.99/sh−13,320$306,227→ 5,077 total - Exercise/Conversion
Unit Options (right to buy)
2010-03-11−13,320→ 0 totalExercise: $17.00From: 2009-03-15Exp: 2011-07-17→ Units (13,320 underlying)
Footnotes (1)
- [F1]On March 11, 2010, the reporting person exercised 13,320 vested unit options at an exercise price of $17.00 per unit, and in connection with such exercise, to cover the exercise price and tax withholding obligations, agreed to transfer the units to be received upon such exercise to the Issuer in exchange for a payment by the Issuer of $22.99 per unit, the closing price of the Issuer's units on the NASDAQ Global Select Market on such date.