WESTCOTT JAMES DANIEL (President and CFO) exercised options at LEGACY RESERVES LP

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

M · 3 exercises

WESTCOTT JAMES DANIEL

Filed: 9/24/2018ACC: 0000899243-18-025088

InsiderWESTCOTT JAMES DANIELCIK 1557732

→

IssuerLEGACY RESERVES LPCIK 1358831

Officer· President and CFO

Since Sep 2018

-1.72M

Net shares

Net seller

$6.37M

Total sold

Open market trades

0B · 0S

Total transactions

1.62M acquired · 3.34M disposed

Non-Derivative Transactions6

Units representing limited partner interests

Direct

M · Option Exercise

+301.65K

Price / share

—

Trade value

—

% of position

294.5%

9/20/2018

102.44K→404.09K

Units representing limited partner interests

Direct

M · Option Exercise

+809.44K

Price / share

—

Trade value

—

% of position

200.3%

9/20/2018

404.09K→1.21M

Units representing limited partner interests

Direct

D · Disposition

−809.44K

Price / share

$4.84

Trade value

$3.92M

% of position

66.7%

9/20/2018

1.21M→404.09K

Units representing limited partner interests

Direct

M · Option Exercise

+506.50K

Price / share

—

Trade value

—

% of position

125.3%

9/20/2018

404.09K→910.59K

Units representing limited partner interests

Direct

D · Disposition

−506.50K

Price / share

$4.84

Trade value

$2.45M

% of position

55.6%

9/20/2018

910.59K→404.09K

Units representing limited partner interests

Direct

D · Disposition

−404.09K

Price / share

—

Trade value

—

% of position

New position

9/20/2018

404.09K→0.00

Total

Net shares

−102.44K

Net value

-$6.37M

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	+301.65K	—	—	294.5%	102.44K	404.09K
Units representing limited partner interests Direct	9/20/2018	M · Option Exercise	+809.44K	—	—	200.3%	404.09K	1.21M
Units representing limited partner interests Direct	9/20/2018	D · Disposition	−809.44K	$4.84	$3.92M	66.7%	1.21M	404.09K
Units representing limited partner interests Direct	9/20/2018	M · Option Exercise	+506.50K	—	—	125.3%	404.09K	910.59K
Units representing limited partner interests Direct	9/20/2018	D · Disposition	−506.50K	$4.84	$2.45M	55.6%	910.59K	404.09K
Units representing limited partner interests Direct	9/20/2018	D · Disposition	−404.09K	—	—	New position	404.09K	0.00
Total			−102.44K		-$6.37M

Derivative Transactions3

Phantom Units

Direct

M · Option Exercise

Converts to

Units

301.65K shares

−301.65K

Strike price

Held after

0.00

Exercisable

—

9/20/2018

Phantom Units

Direct

M · Option Exercise

Converts to

Units

809.44K shares

−809.44K

Strike price

Held after

0.00

Exercisable

—

9/20/2018

Phantom Units

Direct

M · Option Exercise

Converts to

Units

506.50K shares

−506.50K

Strike price

Held after

0.00

Exercisable

—

9/20/2018

Security	Converts To	Date	Type	Shares	Exercisable
Phantom Units Direct	Units301.65K shares	9/20/2018	M · Option Exercise	−301.65K	—
Phantom Units Direct	Units809.44K shares	9/20/2018	M · Option Exercise	−809.44K	—
Phantom Units Direct	Units506.50K shares	9/20/2018	M · Option Exercise	−506.50K	—