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Filing Details

Accession Number:: 0001104659-12-086812
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2012-12-28 18:31:37
Reporting Period:: 2012-12-26

Filing Date:: 2012-12-28
Accepted Time:: 2012-12-28 18:31:37
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
1385049	A Dale Brown	303 W. Wall, Suite 1400 Midland TX 79701		Yes	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	Explanation
Units Representing Limited Partner Interests	Disposition	2012-12-26	1,600,000	$0.00	3,367,361	No	4	J	Indirect	See Footnote
Units Representing Limited Partner Interests	Acquisiton	2012-12-26	800,000	$0.00	1,194,591	No	4	J	Direct
Units Representing Limited Partner Interests	Disposition	2012-12-26	800,000	$0.00	394,591	No	4	J	Direct
Units Representing Limited Partner Interests	Acquisiton	2012-12-26	800,000	$0.00	4,167,361	No	4	J	Indirect	See Footnote
Units Representing Limited Partner Interests	Disposition	2012-12-26	800,000	$0.00	4,167,361	No	4	S	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	S	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 (the reporting person, or "Mr. D. Brown") and Mr. Cary D. Brown ("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. D. 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, 33,672 units held by Moriah Resources, and 542,281 units held by DAB Resources, Ltd. ("DAB Resources"). DAB Resources is an entity partially owned by Mr. D. Brown. 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 DAB Family Properties, Ltd. ("DAB Family Properties") in exchange for limited partner interests in DAB Family Properties. This transaction changed Mr. D. Brown's beneficial ownership in 800,000 units from direct to indirect. DAB 1999 Corp. (the "Corporation") is the sole general partner of DAB Family Properties, and Mr. D. Brown and his wife, Rita F. Brown ("Mrs. Brown"), are the sole shareholders of the Corporation.
Includes 2,791,408 units held by Moriah Properties, 33,672 units held by Moriah Resources, 542,281 units held by DAB Resources, and 800,000 units held by DAB Family Properties. 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 Mrs. Brown (i) gifted a portion of the limited partnership interest in DAB Family Properties to the Brown Heirs 2012 Trust (the "Trust"), of which Mr. D. Brown is not a trustee or 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.