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Filing Details

Accession Number:: 0001676601-18-000049
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2018-09-18 16:50:23
Reporting Period:: 2018-09-18

Accepted Time:: 2018-09-18 16:50:23
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
1676601	Baines Creek Capital, Llc	11940 Jollyville Suite 210-S Austin TX 78759		No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common	Acquisiton	2018-09-18	51,991	$4.94	15,233,326	No	4	P	Direct
Common	Acquisiton	2018-09-18	115,400	$5.00	15,348,726	No	4	X	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct
No	4	X	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common	OPTION CONTRACT (RIGHT TO BUY)	Disposition	2018-09-18	1,154	$0.00	115,400	$5.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2018-02-09	2018-09-21	No	4	X	Direct

Footnotes

This Form 4 is being jointly filed by Baines Creek Partners, L.P., a Delaware limited partnership (BCP), Baines Creek Special Purpose Partners, L.P., a Delaware limited partnership (BCSPP), Kevin Tracy, a United States citizen (KT), Jeremy Carter a United States citizen (JC), James Schumacher, a United States citizen (JS), and Brian Williams a United States citizen (BW). The foregoing persons are hereinafter sometimes collectively referred to as the Reporting Persons.
Baines Creek GP the general partner of BCP and BCSPP has the power to direct the affairs of BCP and BCSPP, including the voting and disposition of shares. As the discretionary investment manager of these Funds and certain other accounts, Baines Creek Capital has power to direct the voting and disposition of shares held by these Funds and such accounts. Messrs. Tracy, Carter, Schumacher and Williams are affiliated persons of Baines Creek Capital and in this capacity direct the operations of BCP and BCSPP and the voting and disposition of shares held by these Funds and separate client accounts managed by Baines Creek Capital. Baines Creek Capital and Messrs. Tracy, Carter, Schumacher and Williams may also be deemed to beneficially own indirect pecuniary interest as the result of performance-based fees and profit allocations. Each of Baines Creek Capital and Messrs. Tracy, Carter, Schumacher and Williams disclaims such beneficial ownership except to the extent ultimately realized.
The aggregate number of shares of common stock purchased on September 18, 2018 was 51,991 shares and such shares were purchased by the Reporting Persons in the following amounts: BCP = 40,800 shares; BCSPP = 11,191 shares; KT = 0 shares; JC = 0 shares; JS = 0 shares, and BW = 0 shares.
15,233,326 shares of common stock is the aggregate number of shares of common stock owned by the Reporting Persons and is owned as follows: BCP = 7,884,600 shares directly owned by it; BCSPP = 6,721,841 shares directly owned by it; KT = 6,510 shares directly owned by him; JC = 142,317 shares directly owned by him; JS = 4,686 shares directly owned by him, and BW = 473,372 shares directly owned by him.
The aggregate number of option contracts (right to buy) exercised on September 18, 2018 was 1,154 contracts and such contracts were exercised by BCP to purchase 115,400 common shares at $5.00 per share.
15,348,726 shares of common stock is the aggregate number of shares of common stock owned by the Reporting Persons and is owned as follows: BCP = 8,000,000 shares directly owned by it; BCSPP = 6,721,841 shares directly owned by it; KT = 6,510 shares directly owned by him; JC = 142,317 shares directly owned by him; JS = 4,686 shares directly owned by him, and BW = 473,372 shares directly owned by him.