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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Brown Cary D 303 W. WALL STREET SUITE 1400 MIDLAND, TX 79701 |
X | X | Chief Executive Officer |
/s/ Steven H. Pruett, as attorney-in-fact for Cary D. Brown | 12/31/2007 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Reflects a gift out of the units held by Moriah Properties, Ltd. ("Moriah Properties"). |
(2) | Reflects the pro rata distributions of units to the partners of each of Moriah Properties, Ltd. and MBN Properties, LP ("MBN Properties"), Mr. Brown's beneficial ownership in 570,029 units changed from indirect to direct. In prior reports, the reporting person reported indirect beneficial ownership of these units. |
(3) | The reporting person disclaims beneficial ownership of these 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. |
(4) | Includes 4,391,408 units held by Moriah Properties and 13,756 units owned by Moriah Resources, Inc. ("Moriah Resources") following the pro rata distributions of units by MBN Properties and Moriah Properties to their partners on December 27, 2007. Moriah Resources and Moriah Properties are entities owned and controlled by Mr. Dale A. Brown and Mr. Cary D. Brown. Includes 4,391,408 units held by Moriah Properties and 13,756 units owned by Moriah Resources, Inc. ("Moriah Resources") following the distributions of units by MBN Properties and Moriah Properties to their partners on December 27, 2007. Moriah Resources and Moriah Properties are entities owned and controlled by Mr. Dale A. Brown and Mr. Cary D. Brown. |
(5) | Following the pro rata distribution of units by MBN Properties to its partners on December 27, 2007, Mr. Brown also indirectly beneficially owns an additional 740,244 units through Moriah Properties' (727,560 units) and Moriah Resources' (12,684 units) interest in MBN Properties, which holds 2,642,438 units. Mr. Brown beneficially owns all of the units held or beneficially owned by Moriah Properties and Moriah Resources. |
Remarks: Director of Legacy Reserves GP, LLC, the general partner of Legacy Reserves LP. |