SEC Form 4 · accession 0000899243-18-025147
Legacy Reserves Inc. · LGCY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Micah C. Foster
Officer — CAO and Controller
Period of report
Sep 20, 2018
Accepted (ET)
Sep 24, 2018 · 8:47 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 | 78,437 | — | A | 78,437 | D | |
| Common StockF2 | Sep 21, 2018 | A | 223,944 | $0.00 | A | 302,381 | 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.