SEC Form 4 · accession 0000899243-18-025152
Legacy Reserves Inc. · LGCY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Cary D Brown
Director
Period of report
Sep 20, 2018
Accepted (ET)
Sep 24, 2018 · 8:52 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 | 308,566 | — | A | 308,566 | D | |
| Common StockF1,F2,F4 | Sep 20, 2018 | A | 3,199,738 | — | A | 3,199,738 | I | By Cary and Jill Brown Family Partners Ltd. |
| Common StockF1,F3,F4 | Sep 20, 2018 | A | 406,827 | — | A | 406,827 | I | By DAB Family Properties, Ltd. |
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").
- F2The Reporting Person is deemed to indirectly beneficially own the shares of Common Stock held by Cary and Jill Brown Family Partners Ltd.
- F3Reflects the Reporting Person's pecuniary interest in shares of Common Stock held by DAB Family Properties, Ltd. an entity partially owned by Brown Heirs 2012 Trust, of which the Reporting Person is a beneficiary.
- F4The Reporting Person disclaims beneficial ownership of these shares of Common Stock except to the extent of his pecuniary interest therein, and the inclusion of these shares of Common Stock in this report shall not be deemed an admission of beneficial ownership of all the reported shares of Common Stock for the purposes of Section 16 or for any other purpose.