SEC Form 4 · accession 0001144204-15-040475
Vanguard Natural Resources, Inc. · VNRR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard A Robert
Officer — Executive VP and CFO
Period of report
Jul 1, 2015
Accepted (ET)
Jul 1, 2015 · 5:50 pm EDT
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 | Jul 1, 2015 | A | 4,091 | $15.12 | A | 470,752 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The Vanguard Natural Resources, LLC ("VNR") Board of Directors approved the option for the VNR management team and Independent Board of Directors to receive VNR common units in lieu of 2015 cash compensation. Richard Robert elected this option and under the plan received a quarterly grant of VNR common units instead of the full quarterly cash compensation. The unit price is calculated by using the weighted average closing price of the month prior to the grant.