MCGRAW KYLE A

PrivateCIK: 1385052

Location

MIDLAND, TX

MCGRAW KYLE A (EVP and CDO) exercised options at LEGACY RESERVES LP

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

M · 3 exercises

MCGRAW KYLE A

Filed: 9/24/2018ACC: 0000899243-18-025091

InsiderMCGRAW KYLE ACIK 1385052

→

IssuerLEGACY RESERVES LPCIK 1358831

DirectorOfficer· EVP and CDO

Since Sep 2018

-2.04M

Net shares

Net seller

$3.83M

Total sold

0

Open market trades

0B · 0S

10

Total transactions

968.84K acquired · 3.01M disposed

Non-Derivative Transactions7

Units representing limited partner interests

Direct

M · Option Exercise

Shares

+176.96K

Price / share

—

Trade value

—

% of position

336.8%

9/20/2018

52.54K→229.50K

Units representing limited partner interests

Direct

M · Option Exercise

Shares

+467.54K

Price / share

—

Trade value

—

% of position

203.7%

9/20/2018

229.50K→697.04K

Units representing limited partner interests

Direct

D · Disposition

Shares

−467.54K

Price / share

$4.84

Trade value

$2.26M

% of position

67.1%

9/20/2018

697.04K→229.50K

Units representing limited partner interests

Direct

M · Option Exercise

Shares

+324.35K

Price / share

—

Trade value

—

% of position

141.3%

9/20/2018

229.50K→553.85K

Units representing limited partner interests

Direct

D · Disposition

Shares

−324.35K

Price / share

$4.84

Trade value

$1.57M

% of position

58.6%

9/20/2018

553.85K→229.50K

Units representing limited partner interests

Direct

D · Disposition

Shares

−229.50K

Price / share

—

Trade value

—

% of position

New position

9/20/2018

229.50K→0.00

Units representing limited partner interests

Indirect

D · Disposition

Shares

−1.02M

Price / share

—

Trade value

—

% of position

New position

9/20/2018

1.02M→0.00

Total

Net shares

−1.07M

Net value

-$3.83M

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	+176.96K	—	—	336.8%	52.54K	229.50K
Units representing limited partner interests Direct	9/20/2018	M · Option Exercise	+467.54K	—	—	203.7%	229.50K	697.04K
Units representing limited partner interests Direct	9/20/2018	D · Disposition	−467.54K	$4.84	$2.26M	67.1%	697.04K	229.50K
Units representing limited partner interests Direct	9/20/2018	M · Option Exercise	+324.35K	—	—	141.3%	229.50K	553.85K
Units representing limited partner interests Direct	9/20/2018	D · Disposition	−324.35K	$4.84	$1.57M	58.6%	553.85K	229.50K
Units representing limited partner interests Direct	9/20/2018	D · Disposition	−229.50K	—	—	New position	229.50K	0.00
Units representing limited partner interests Indirect	9/20/2018	D · Disposition	−1.02M	—	—	New position	1.02M	0.00
Total			−1.07M		-$3.83M

Derivative Transactions3

Phantom Units

Direct

M · Option Exercise

Converts to

Units

176.96K shares

Shares

−176.96K

Strike price

Held after

0.00

Exercisable

—

9/20/2018

Phantom Units

Direct

M · Option Exercise

Converts to

Units

467.54K shares

Shares

−467.54K

Strike price

Held after

0.00

Exercisable

—

9/20/2018

Phantom Units

Direct

M · Option Exercise

Converts to

Units

324.35K shares

Shares

−324.35K

Strike price

Held after

0.00

Exercisable

—

9/20/2018

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Phantom Units Direct	Units176.96K shares	9/20/2018	M · Option Exercise	−176.96K		—	0.00
Phantom Units Direct	Units467.54K shares	9/20/2018	M · Option Exercise	−467.54K		—	0.00
Phantom Units Direct	Units324.35K shares	9/20/2018	M · Option Exercise	−324.35K		—	0.00

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