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Filing Details

Accession Number:: 0001676601-19-000010
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-03-20 19:09:16
Reporting Period:: 2019-03-18

Accepted Time:: 2019-03-20 19:09:16
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1735828	Legacy Reserves Inc.	LGCY	()	TX

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

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common	Acquisiton	2019-03-18	200,000	$0.50	26,095,674	No	4	P	Direct
Common	Acquisiton	2019-03-19	200,000	$0.54	26,295,674	No	4	P	Direct
Common	Acquisiton	2019-03-20	201,000	$0.51	26,496,674	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	P	Direct
No	4	P	Direct
No	4	P	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 Capital LLC 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 March 18, 2019 was 200,000 shares and such shares were purchased by the Reporting Persons in the following amounts: BCP = 100,000 shares; BCSPP = 0 shares; KT = 0 shares; JC = 0 shares; JS = 0 shares, and BW = 100,000 shares.
26,095,674 shares of common stock is the aggregate number of shares of common stock owned by the Reporting Persons and is owned as follows: BCP = 14,433,250 shares directly owned by it; BCSPP = 9,919,802 shares directly owned by it; KT = 6,510 shares directly owned by him; JC = 147,317 shares directly owned by him; JS = 8,686 shares directly owned by him, and BW = 1,580,109 shares directly owned by him.
The aggregate number of shares of common stock purchased on March 19, 2019 was 200,000 shares and such shares were purchased by the Reporting Persons in the following amounts: BCP = 100,000 shares; BCSPP = 0 shares; KT = 0 shares; JC = 0 shares; JS = 0 shares, and BW = 100,000 shares.
26,295,674 shares of common stock is the aggregate number of shares of common stock owned by the Reporting Persons and is owned as follows: BCP = 14,533,250 shares directly owned by it; BCSPP = 9,919,802 shares directly owned by it; KT = 6,510 shares directly owned by him; JC = 147,317 shares directly owned by him; JS = 8,686 shares directly owned by him, and BW = 1,680,109 shares directly owned by him.
The aggregate number of shares of common stock purchased on March 20, 2019 was 201,000 shares and such shares were purchased by the Reporting Persons in the following amounts: BCP = 100,000 shares; BCSPP = 0 shares; KT = 1,000 shares; JC = 0 shares; JS = 0 shares, and BW = 100,000 shares.
26,496,674 shares of common stock is the aggregate number of shares of common stock owned by the Reporting Persons and is owned as follows: BCP = 14,633,250 shares directly owned by it; BCSPP = 9,919,802 shares directly owned by it; KT = 7,510 shares directly owned by him; JC = 147,317 shares directly owned by him; JS = 8,686 shares directly owned by him, and BW = 1,780,109 shares directly owned by him.