SEC Form 4 · accession 0000899243-18-025325
Legacy Reserves Inc. · LGCY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kyle Hammond
Officer — EVP and COO
Period of report
Sep 24, 2018
Accepted (ET)
Sep 26, 2018 · 7:05 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 24, 2018 | S | 360,866 | $4.68 | D | 1,304,836 | D | |
| Common StockF2 | holding | — | — | — | 52,300 | I | By SDH Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The proceeds from the sale of these shares of common stock, $0.01 par value per share, of the Issuer ("Common Stock") were used to cover tax withholding obligations with respect to the accelerated vesting of Legacy Reserves LP phantom units previously held by the Reporting Person in connection with the corporate reorganization of Legacy Reserves LP.
- F2The Reporting Person is both trustee and beneficiary of SDH Trust, and thus is deemed to indirectly beneficially own the Units held by the SDH Trust.