LEROY DAN G.

PrivateCIK: 1546177

Location

MIDLAND, TX

LEROY DAN G. (VP, GC and Secretary) exercised options at LEGACY RESERVES LP

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

M · 3 exercises

LEROY DAN G.

Filed: 9/24/2018ACC: 0000899243-18-025097

InsiderLEROY DAN G.CIK 1546177

→

IssuerLEGACY RESERVES LPCIK 1358831

Officer· VP, GC and Secretary

Since Sep 2018

-380.80K

Net shares

Net seller

$1.40M

Total sold

0

Open market trades

0B · 0S

9

Total transactions

356.16K acquired · 736.96K disposed

Non-Derivative Transactions6

Units representing limited partner interests

Direct

M · Option Exercise

Shares

+66.49K

Price / share

—

Trade value

—

% of position

269.8%

9/20/2018

24.64K→91.13K

Units representing limited partner interests

Direct

M · Option Exercise

Shares

+178.56K

Price / share

—

Trade value

—

% of position

195.9%

9/20/2018

91.13K→269.68K

Units representing limited partner interests

Direct

D · Disposition

Shares

−178.56K

Price / share

$4.84

Trade value

$864.21K

% of position

66.2%

9/20/2018

269.68K→91.13K

Units representing limited partner interests

Direct

M · Option Exercise

Shares

+111.12K

Price / share

—

Trade value

—

% of position

121.9%

9/20/2018

91.13K→202.25K

Units representing limited partner interests

Direct

D · Disposition

Shares

−111.12K

Price / share

$4.84

Trade value

$537.82K

% of position

54.9%

9/20/2018

202.25K→91.13K

Units representing limited partner interests

Direct

D · Disposition

Shares

−91.13K

Price / share

—

Trade value

—

% of position

New position

9/20/2018

91.13K→0.00

Total

Net shares

−24.64K

Net value

-$1.40M

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	+66.49K	—	—	269.8%	24.64K	91.13K
Units representing limited partner interests Direct	9/20/2018	M · Option Exercise	+178.56K	—	—	195.9%	91.13K	269.68K
Units representing limited partner interests Direct	9/20/2018	D · Disposition	−178.56K	$4.84	$864.21K	66.2%	269.68K	91.13K
Units representing limited partner interests Direct	9/20/2018	M · Option Exercise	+111.12K	—	—	121.9%	91.13K	202.25K
Units representing limited partner interests Direct	9/20/2018	D · Disposition	−111.12K	$4.84	$537.82K	54.9%	202.25K	91.13K
Units representing limited partner interests Direct	9/20/2018	D · Disposition	−91.13K	—	—	New position	91.13K	0.00
Total			−24.64K		-$1.40M

Derivative Transactions3

Phantom Units

Direct

M · Option Exercise

Converts to

Units

66.49K shares

Shares

−66.49K

Strike price

Held after

0.00

Exercisable

—

9/20/2018

Phantom Units

Direct

M · Option Exercise

Converts to

Units

178.56K shares

Shares

−178.56K

Strike price

Held after

0.00

Exercisable

—

9/20/2018

Phantom Units

Direct

M · Option Exercise

Converts to

Units

111.12K shares

Shares

−111.12K

Strike price

Held after

0.00

Exercisable

—

9/20/2018

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Phantom Units Direct	Units66.49K shares	9/20/2018	M · Option Exercise	−66.49K		—	0.00
Phantom Units Direct	Units178.56K shares	9/20/2018	M · Option Exercise	−178.56K		—	0.00
Phantom Units Direct	Units111.12K shares	9/20/2018	M · Option Exercise	−111.12K		—	0.00

LEROY DAN G. — Insider Transaction (Form 4) Filed Sep 24, 2018 | Finecho