Home > Insider Trading > Filing (0001104659-12-086813)

Filing Details

Accession Number:: 0001104659-12-086813
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2012-12-28 18:32:36
Reporting Period:: 2012-12-26

Filing Date:: 2012-12-28
Accepted Time:: 2012-12-28 18:32:36
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1358831	Legacy Reserves Lp	LGCY	Crude Petroleum & Natural Gas (1311)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1385051	D Cary Brown	303 W. Wall, Suite 1400 Midland TX 79701	Chairman And Ceo	Yes	Yes	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Units Representing Limited Partner Interests	Disposition	2012-12-26	1,600,000	$0.00	2,825,080	No	4	J	Indirect	See Footnote
Units Representing Limited Partner Interests	Acquisiton	2012-12-26	800,000	$0.00	1,754,265	No	4	J	Direct
Units Representing Limited Partner Interests	Disposition	2012-12-26	800,000	$0.00	954,265	No	4	J	Direct
Units Representing Limited Partner Interests	Acquisiton	2012-12-26	800,000	$0.00	3,625,080	No	4	J	Indirect	See Footnote
Units Representing Limited Partner Interests	Acquisiton	2012-12-26	800,000	$0.00	4,425,080	No	4	P	Indirect	See Footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	J	Indirect	See Footnote
No	4	J	Direct
No	4	J	Direct
No	4	J	Indirect	See Footnote
No	4	P	Indirect	See Footnote

Footnotes

Reflects the pro rata distribution, not for value, of 800,000 units representing limited partner interests in Legacy Reserves, LP ("Legacy") to each of Mr. Dale A. Brown ("Mr. D. Brown") and Mr. Cary D. Brown (the reporting person, or "Mr. C. Brown") as the two limited partners of Moriah Properties, Ltd. ("Moriah Properties") and as the two shareholders of Moriah Resources, Inc. ("Moriah Resources"), the general partner of Moriah Properties, or an aggregate distribution of 1,600,000 units. Moriah Properties and Moriah Resources are both controlled by Mr. D. Brown and Mr. C. Brown. As a result of the pro rata distribution, Mr. C. Brown's beneficial ownership in 800,000 units changed from indirect to direct. In prior reports, the reporting person reported indirect beneficial ownership of these units.
Includes 2,791,408 units held by Moriah Properties and 33,672 units held by Moriah Resources. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and the inclusion of these units in this report shall not be deemed an admission of beneficial ownership of all of the reported units for purposes of Section 16 or for any other purpose.
Reflects the contribution of units representing limited partner interests in Legacy to Cary Brown Family LP ("C. Brown Family LP"). This transaction changed Mr. C. Brown's beneficial ownership in 800,000 units from direct to indirect. C & J Management, LLC ("C & J Management") is the sole general partner of C. Brown Family LP, and Mr. C. Brown and his wife, Jill Brown, are each 50% members in C& J Management.
Includes 2,791,408 units held by Moriah Properties, 33,672 units held by Moriah Resources, and 800,000 units held by C. Brown Family LP. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and the inclusion of these units in this report shall not be deemed an admission of beneficial ownership of all of the reported units for purposes of Section 16 or for any other purpose.
On 12/26/12, Mr. D. Brown and his wife, Mrs. Rita F. Brown (i) gifted a portion of their limited partnership interest in DAB Family Properties, Ltd. ("DAB Family Properties") to the Brown Heirs 2012 Trust (the "Trust"), of which Mr. C. Brown is both a co-trustee and a beneficiary, and (ii) sold the remaining 56.46% limited partnership interest in DAB Family Properties to the Trust for an aggregate purchase price of $10,000,000.00. DAB Family Properties holds 800,000 units representing limited partner interests in Legacy.
Includes 2,791,408 units held by Moriah Properties, 33,672 units held by Moriah Resources, 800,000 units held by the Trust through DAB Family Properties, and 800,000 units held by C. Brown Family LP. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and the inclusion of these units in this report shall not be deemed an admission of beneficial ownership of all of the reported units for purposes of Section 16 or for any other purpose.