HAMMOND KYLE

PrivateCIK: 1635126

Location

MIDLAND, TX

HAMMOND KYLE (EVP and COO) exercised options at LEGACY RESERVES LP

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 3 exercises

HAMMOND KYLE

Filed: 9/24/2018ACC: 0000899243-18-025089

InsiderHAMMOND KYLECIK 1635126

→

IssuerLEGACY RESERVES LPCIK 1358831

Officer· EVP and COO

Since Sep 2018

-1.57M

Net shares

Net seller

$5.43M

Total sold

0

Open market trades

0B · 0S

10

Total transactions

1.38M acquired · 2.95M disposed

Non-Derivative Transactions7

Units representing limited partner interests

Direct

M · Option Exercise

Shares

+260.87K

Price / share

—

Trade value

—

% of position

190.1%

9/20/2018

137.23K→398.10K

Units representing limited partner interests

Direct

M · Option Exercise

Shares

+706.20K

Price / share

—

Trade value

—

% of position

177.4%

9/20/2018

398.10K→1.10M

Units representing limited partner interests

Direct

D · Disposition

Shares

−706.20K

Price / share

$4.84

Trade value

$3.42M

% of position

64.0%

9/20/2018

1.10M→398.10K

Units representing limited partner interests

Direct

M · Option Exercise

Shares

+414.97K

Price / share

—

Trade value

—

% of position

104.2%

9/20/2018

398.10K→813.07K

Units representing limited partner interests

Direct

D · Disposition

Shares

−414.97K

Price / share

$4.84

Trade value

$2.01M

% of position

51.0%

9/20/2018

813.07K→398.10K

Units representing limited partner interests

Direct

D · Disposition

Shares

−398.10K

Price / share

—

Trade value

—

% of position

New position

9/20/2018

398.10K→0.00

Units representing limited partner interests

Indirect

D · Disposition

Shares

−52.30K

Price / share

—

Trade value

—

% of position

New position

9/20/2018

52.30K→0.00

Total

Net shares

−189.53K

Net value

-$5.43M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Units representing limited partner interests Direct	9/20/2018	M · Option Exercise	+260.87K	—	—	190.1%	137.23K	398.10K
Units representing limited partner interests Direct	9/20/2018	M · Option Exercise	+706.20K	—	—	177.4%	398.10K	1.10M
Units representing limited partner interests Direct	9/20/2018	D · Disposition	−706.20K	$4.84	$3.42M	64.0%	1.10M	398.10K
Units representing limited partner interests Direct	9/20/2018	M · Option Exercise	+414.97K	—	—	104.2%	398.10K	813.07K
Units representing limited partner interests Direct	9/20/2018	D · Disposition	−414.97K	$4.84	$2.01M	51.0%	813.07K	398.10K
Units representing limited partner interests Direct	9/20/2018	D · Disposition	−398.10K	—	—	New position	398.10K	0.00
Units representing limited partner interests Indirect	9/20/2018	D · Disposition	−52.30K	—	—	New position	52.30K	0.00
Total			−189.53K		-$5.43M

Derivative Transactions3

Phantom Units

Direct

M · Option Exercise

Converts to

Units

260.87K shares

Shares

−260.87K

Strike price

Held after

0.00

Exercisable

—

9/20/2018

Phantom Units

Direct

M · Option Exercise

Converts to

Units

706.20K shares

Shares

−706.20K

Strike price

Held after

0.00

Exercisable

—

9/20/2018

Phantom Units

Direct

M · Option Exercise

Converts to

Units

414.97K shares

Shares

−414.97K

Strike price

Held after

0.00

Exercisable

—

9/20/2018

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Phantom Units Direct	Units260.87K shares	9/20/2018	M · Option Exercise	−260.87K		—	0.00
Phantom Units Direct	Units706.20K shares	9/20/2018	M · Option Exercise	−706.20K		—	0.00
Phantom Units Direct	Units414.97K shares	9/20/2018	M · Option Exercise	−414.97K		—	0.00

HAMMOND KYLE — Insider Transaction (Form 4) Filed Sep 24, 2018 | Finecho