SEC Form 4 · accession 0000899243-18-025144
Legacy Reserves Inc. · LGCY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kyle A McGraw
Officer — EVP and CDO
Period of report
Sep 20, 2018
Accepted (ET)
Sep 24, 2018 · 8:44 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001735828
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 20, 2018 | A | 229,501 | — | A | 229,501 | D | |
| Common StockF1,F3 | Sep 20, 2018 | A | 1,020,060 | — | A | 1,020,060 | I | McGraw Family Holdings, Ltd. |
| Common StockF2 | Sep 21, 2018 | A | 187,324 | $0.00 | A | 416,825 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1In connection with the corporate reorganization of Legacy Reserves LP from a master limited partnership to a corporation, each outstanding unit representing a limited partner interest in Legacy Reserves LP was converted into the right to receive one share of common stock, $0.01 par value per share, of the Issuer ("Common Stock").
- F2Reflects restricted stock units granted in connection with the corporate reorganization. Each restricted stock unit represents a contingent right to receive one share of Common Stock. These restricted stock units vest 25% on March 1, 2020, 25% on March 1, 2021, and 50% on March 1, 2022, subject to the Reporting Person's continued employment on each vesting date and possible acceleration.
- F3The Reporting Person is partial owner of the Kyle A. McGraw Family Holdings, Ltd. and thus is deemed to indirectly beneficially own the Units held by Kyle A. McGraw Family Holdings, Ltd.