SEC Form 4 · accession 0001104659-15-011321
LRR Energy, L.P. · LRE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Period of report
Feb 13, 2015
Accepted (ET)
Feb 17, 2015 · 5:02 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001519632
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common units representing limited partner interestsF1 | Feb 13, 2015 | M | 640,165 | — | A | 1,224,544 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Subordinated units representing limited partner interestsF1,F2 | — | Feb 13, 2015 | M | 640,165 | D | — | — | Common units representing limited partner interests | 640,165 | 0 | D |
Explanation of responses
- F1On February 13, 2015, pursuant to the terms of the First Amended and Restated Agreement of Limited Partnership (the "Partnership Agreement") of LRR Energy, L.P. (the "Partnership"), 640,165 subordinated units representing limited partner interests in the Partnership ("Subordinated Units") acquired by the Reporting Person in the Partnership's initial public offering converted automatically into common units representing limited partnership interests in the Partnership ("Common Units") on a one-for-one basis for no additional consideration.
- F2The Subordinated Units did not have an expiration date.
Remarks
The Reporting Person is controlled indirectly by Jonathan C. Farber and John T. Reynolds. An affiliate of the Reporting Person, Lime Rock Management LP ("LRM"), has the right to appoint all of the directors to the Board of Directors (the "Board") of LRE GP, LLC, the general partner of the Issuer. Mr. Farber, in addition to the co-chief executive officers of the general partner of the Reporting Person, serve on the Board as representatives of LRM. Therefore, the Reporting Person may be deemed a director by deputization.