Filing Details

Accession Number:
0001676601-19-000011
Form Type:
4
Zero Holdings:
No
Publication Time:
2019-03-27 17:46:11
Reporting Period:
2019-03-25
Accepted Time:
2019-03-27 17:46:11
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
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Acquisiton 2019-03-25 2,514 $0.50 26,499,188 No 4 P Direct
Common Acquisiton 2019-03-26 125,000 $0.50 26,624,188 No 4 P Direct
Common Acquisiton 2019-03-27 125,000 $0.50 26,749,188 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
No 4 P Direct
No 4 P Direct
Footnotes
  1. 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.
  2. 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.
  3. The aggregate number of shares of common stock purchased on March 25, 2019 was 2,514 shares and such shares were purchased by the Reporting Persons in the following amounts: BCP = 0 shares; BCSPP = 0 shares; KT = 0 shares; JC = 0 shares; JS = 2,514 shares, and BW = 0 shares.
  4. 26,499,188 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 = 11,200 shares directly owned by him, and BW = 1,780,109 shares directly owned by him.
  5. The aggregate number of shares of common stock purchased on March 26, 2019 was 125,000 shares and such shares were purchased by the Reporting Persons in the following amounts: BCP = 75,000 shares; BCSPP = 0 shares; KT = 0 shares; JC = 0 shares; JS = 0 shares, and BW = 50,000 shares.
  6. 26,624,188 shares of common stock is the aggregate number of shares of common stock owned by the Reporting Persons and is owned as follows: BCP = 14,708,250 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 = 11,200 shares directly owned by him, and BW = 1,830,109 shares directly owned by him.
  7. The aggregate number of shares of common stock purchased on March 27, 2019 was 125,000 shares and such shares were purchased by the Reporting Persons in the following amounts: BCP = 75,000 shares; BCSPP = 0 shares; KT = 0 shares; JC = 0 shares; JS = 0 shares, and BW = 50,000 shares.
  8. 26,749,188 shares of common stock is the aggregate number of shares of common stock owned by the Reporting Persons and is owned as follows: BCP = 14,783,250 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 = 11,200 shares directly owned by him, and BW = 1,880,109 shares directly owned by him.