SEC Form 4 · accession 0001144204-15-057817
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
Oct 1, 2015
Accepted (ET)
Oct 2, 2015 · 10:18 am 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 | Oct 1, 2015 | A | 8,881 | $8.60 | A | 516,939 | 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. Scott Smith elected this option and under the plan received a quarterly grant of VNR common units instead of his fourth quarter 2015 full cash compensation. The unit price is calculated by using the weighted average closing price of the month prior to the grant.