Morris William M 4
4 · LEGACY RESERVES LP · Filed Jan 30, 2012
Insider Transaction Report
Form 4
Morris William M
VP, CAO and Controller
Transactions
- Exercise/Conversion
Phantom Units
2012-01-29−1,960→ 15,715 total→ Units (1,960 underlying) - Disposition to Issuer
Units representing limited partner interests
2012-01-29$28.70/sh−1,960$56,252→ 5,077 total - Exercise/Conversion
Units representing limited partner interests
2012-01-29+1,960→ 7,037 total
Footnotes (4)
- [F1]Each phantom unit represents the economic equivalent of a unit representing a limited partner interest in Legacy Reserves LP.
- [F2]Reflects the closing price of the units on January 27, 2012.
- [F3]Phantom units vest annually in one-third increments beginning on the first anniversary of their respective grant dates and are payable in cash or, at the discretion of the compensation committee of the board of directors of the general partner of the Issuer, in units.
- [F4]Includes the remaining 7,589 phantom units and 8,126 phantom units, subject to vesting, granted on February 18, 2010 and 2011, respectively.