SEC Form 4 · accession 0001676601-18-000023
LEGACY RESERVES LP · LGCY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Baines Creek Capital, LLC
10% Owner
Period of report
Mar 9, 2018
Accepted (ET)
Mar 13, 2018 · 6:06 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001358831
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| CommonF1,F2,F3,F4 | Mar 9, 2018 | P | 79,605 | $4.11 | A | 12,366,962 | D | |
| CommonF1,F2,F5,F6 | Mar 12, 2018 | P | 100,000 | $4.07 | A | 12,466,962 | D | |
| CommonF1,F2,F7,F8 | Mar 13, 2018 | P | 95,290 | $3.99 | A | 12,562,252 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This Form 4 is being jointly filed by Baines Creek Partners, L.P., a Delaware limited partnership (BCP), Baines Creek Special Purpose Partners, L.P., a Delaware limited partnership (BCSPP), Kevin Tracy, a United States citizen (KT), Jeremy Carter a United States citizen (JC), James Schumacher, a United States citizen (JS), and Brian Williams a United States citizen (BW). The foregoing persons are hereinafter sometimes collectively referred to as the Reporting Persons.
- F2Baines Creek GP the general partner of BCP and BCSPP has the power to direct the affairs of BCP and BCSPP, including the voting and disposition of shares. As the discretionary investment manager of these Funds and certain other accounts, Baines Creek Capital has power to direct the voting and disposition of shares held by these Funds and such accounts. Messrs. Tracy, Carter, Schumacher and Williams are affiliated persons of Baines Creek Capital and in this capacity direct the operations of BCP and BCSPP and the voting and disposition of shares held by these Funds and separate client accounts managed by Baines Creek Capital. Baines Creek Capital and Messrs. Tracy, Carter, Schumacher and Williams may also be deemed to beneficially own indirect pecuniary interest as the result of performance-based fees and profit allocations. Each of Baines Creek Capital and Messrs. Tracy, Carter, Schumacher and Williams disclaims such beneficial ownership except to the extent ultimately realized.
- F3The aggregate number of shares of common stock purchased on March 9, 2018 was 79,605 shares and such shares were purchased by the Reporting Persons in the following amounts: BCP = 0 shares; BCSPP = 79,605 shares; KT = 0 shares; JC = 0 shares; JS = 0 shares, and BW = 0 shares.
- F412,366,962 shares of common stock is the aggregate number of shares of common stock owned by the Reporting Persons and is owned as follows: BCP = 6,500,000 shares directly owned by it; BCSPP = 5,240,077 shares directly owned by it; KT = 6,510 shares directly owned by him; JC = 142,317 shares directly owned by him; JS = 4,686 shares directly owned by him, and BW = 473,372 shares directly owned by him.
- F5The aggregate number of shares of common stock purchased on March 12, 2018 was 100,000 shares and such shares were purchased by the Reporting Persons in the following amounts: BCP = 0 shares; BCSPP = 100,000 shares; KT = 0 shares; JC = 0 shares; JS = 0 shares, and BW = 0 shares.
- F612,466,962 shares of common stock is the aggregate number of shares of common stock owned by the Reporting Persons and is owned as follows: BCP = 6,500,000 shares directly owned by it; BCSPP = 5,340,077 shares directly owned by it; KT = 6,510 shares directly owned by him; JC = 142,317 shares directly owned by him; JS = 4,686 shares directly owned by him, and BW = 473,372 shares directly owned by him.
- F7The aggregate number of shares of common stock purchased on March 13, 2018 was 95,290 shares and such shares were purchased by the Reporting Persons in the following amounts: BCP = 0 shares; BCSPP = 95,290 shares; KT = 0 shares; JC = 0 shares; JS = 0 shares, and BW = 0 shares.
- F812,562,252 shares of common stock is the aggregate number of shares of common stock owned by the Reporting Persons and is owned as follows: BCP = 6,500,000 shares directly owned by it; BCSPP = 5,435,367 shares directly owned by it; KT = 6,510 shares directly owned by him; JC = 142,317 shares directly owned by him; JS = 4,686 shares directly owned by him, and BW = 473,372 shares directly owned by him.