SEC Form 4 · accession 0001144204-15-000926
Vanguard Natural Resources, Inc. · VNRR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott W Smith
Officer — President and CEO
Period of report
Jan 1, 2015
Accepted (ET)
Jan 6, 2015 · 6:40 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001384072
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Units representing LLC interestsF1 | Jan 1, 2015 | A | 182,482 | $0.00 | A | 452,064 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The restricted units were granted pursuant to the execution of the Amended and Restated Employment Agreement on June 6, 2013 and are subject to a Restricted Unit Award Agreement. Each restricted unit is subject to vesting in three equal annual installments, with the first vesting date being January 1, 2016, and each subsequent vesting date occurring on each annual anniversary of the first vesting date. The restricted units are accompanied by distribution equivalent rights, which entitle the executive to receive the value of any distribution made by the Company on its units generally with respect to the number of restricted shares that executive received pursuant to this grant.