UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)*
Legacy Reserves, LP
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(Name of Issuer)
SERIES B PREFERRED EQUITY UNITS
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(Title of Class of Securities)
524707502
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(CUSIP Number)
April 10, 2018
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(Date of Event which Requires Filing of this Statement)
CHECK THE APPROPRIATE BOX TO DESIGNATE THE RULE PURSUANT TO WHICH THIS SCHEDULE
IS FILED:
[ ] RULE 13D-1(B)
[X] RULE 13D-1(C)
[ ] RULE 13D-1(D)
*THE REMAINDER OF THIS COVER PAGE SHALL BE FILLED OUT FOR A REPORTING
PERSON'S INITIAL FILING ON THIS FORM WITH RESPECT TO THE SUBJECT CLASS OF
SECURITIES, AND FOR ANY SUBSEQUENT AMENDMENT CONTAINING INFORMATION WHICH
WOULD ALTER DISCLOSURES PROVIDED IN A PRIOR COVER PAGE.
THE INFORMATION REQUIRED ON THE REMAINDER OF THIS COVER PAGE SHALL NOT
BE DEEMED TO BE "FILED" FOR THE PURPOSE OF SECTION 18 OF THE SECURITIES
EXCHANGE ACT OF 1934 (THE "ACT") OR OTHERWISE SUBJECT TO THE LIABILITIES
OF THAT SECTION OF THE ACT BUT SHALL BE SUBJECT TO ALL OTHER PROVISIONS
OF THE ACT (HOWEVER, SEE THE NOTES).
Page 1 of 9 Pages
CUSIP NO. 524707502
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Baines Creek Partners, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5 SOLE VOTING POWER
NUMBER OF NONE (see pg 5 Item 1)
SHARES
BENEFICIALLY -------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING NONE (see pg 5 Item 1)
PERSON -------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
NONE (see pg 5 Item 1)
-------------------------------------------------
8 SHARED DISPOSITIVE POWER
NONE (see pg 5 Item 1)
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
NONE (see pg 5 Item 1)
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ] (SEE INSTRUCTIONS)
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0% (see pg 5 Item 1)
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
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Page 2 of 9 Pages
CUSIP NO. 524707502
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Kevin Tracy
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
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5 SOLE VOTING POWER
NUMBER OF NONE (see pg 5 Item 1)
SHARES
BENEFICIALLY -------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING NONE (see pg 5 Item 1)
PERSON -------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
NONE (see pg 5 Item 1)
-------------------------------------------------
8 SHARED DISPOSITIVE POWER
NONE (see pg 5 Item 1)
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
NONE (see pg 5 Item 1)
- --------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ] (SEE INSTRUCTIONS)
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11 PERCENTAGE OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0%(see pg 5 Item 1)
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
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Page 3 of 9 Pages
CUSIP NO. 524707502
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- --------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Brian Williams
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [X]
(b) [ ]
- --------------------------------------------------------------------------
3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
- --------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF NONE (see pg 5 Item 1)
SHARES
BENEFICIALLY -------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING NONE (see pg 5 Item 1)
PERSON -------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
NONE (see pg 5 Item 1)
-------------------------------------------------
8 SHARED DISPOSITIVE POWER
NONE (see pg 5 Item 1)
- --------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
NONE (see pg 5 Item 1)
- --------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ] (SEE INSTRUCTIONS)
- --------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0% (see pg 5 Item 1)
- --------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
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Page 4 of 9 Pages
CUSIP NO. 524707502
---------
- --------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Baines Creek Capital, LLC
- --------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [X]
(b) [ ]
- --------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
- --------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF NONE (see pg 5 Item 1)
SHARES
BENEFICIALLY -------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING NONE (see pg 5 Item 1)
PERSON -------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
NONE (see pg 5 Item 1)
-------------------------------------------------
8 SHARED DISPOSITIVE POWER
NONE (see pg 5 Item 1)
- --------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
NONE (see pg 5 Item 1)
- --------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ] (SEE INSTRUCTIONS)
- --------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0% (see pg 5 Item 1)
- --------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
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Page 5 of 9 Pages
CUSIP NO. 524707502
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ITEM 1 Original 13G filing for LGCYO Preferred non-voting unit was
filed in error as non-voting units/shares/securities are not
subject to 13G reporting or filing requirements.
ITEM 1(A) NAME OF ISSUER:
Legacy Reserves, LP
ITEM 1(B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
303 West Wall, Suite 1800
Midland, TX 79701
ITEM 2(a) NAME OF PERSON FILING:
(i) Baines Creek Partners, LP (BCP) with respect to
units of SERIES B PREFERRED EQUITY directly owned by it.
(ii) Kevin Tracy (KT) with respect
to units of SERIES B PREFERRED EQUITY directly owned by
him.
(iii) Brian Williams (BW) with respect
to units of SERIES B PREFERRED EQUITY directly owned by
him.
(iv) Baines Creek Capital, LLC (BCC) with respect
to units of SERIES B PREFERRED EQUITY beneficially owned
by it.
The foregoing persons are hereinafter sometimes
collectively referred to as the Reporting Persons. Any
disclosures herein with respect to persons other than the
Reporting Persons are made on information and believe after
making inquiry to the appropriate party.
ITEM 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE, OR IF NONE, RESIDENCE:
The address of the business office of each of the Reporting
Persons is 11940 Jollyville Road Suite 210-S Austin,
Texas 78759
ITEM 2(c) CITIZENSHIP:
BCP is a limited partnership organized under the laws of the
State of Delaware. BCC is a limited liability company
organized under the laws of the State of Texas.
KT and BW are individuals that reside in the State of Texas.
ITEM 2(d) TITLE OF CLASS OF SECURITIES:
SERIES B PREFERRED EQUITY UNITS
Page 6 of 9 Pages
ITEM 2(e) CUSIP NUMBER:
524707502
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SS.240.13D-1(B) OR SS.
240.13d-2(B) or (C), CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or dealer registered under section 15 of the Act (15
U.S.C. 78o).
(b) [ ] Bank as defined in section 3(a)(6) of the Act
(15 U.S.C. 78c).
(c) [ ] Insurance company as defined in section 3(a)(19) of the Act
(15 U.S.C. 78c).
(d) [ ] Investment company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e) [X] An investment adviser in accordance with
ss.240.13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance with
ss.240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance with
ss.240.13d-1(b)(1)(ii)(G);
(h) [ ] A savings associations as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3);
(j) [ ] Group, in accordance with ss.240.13d-1(b)(1)(ii)(J).
Page 7 of 9 Pages
ITEM 4. OWNERSHIP:
This Statement is being filed with respect to an aggregate of
0 units of SERIES B PREFERRED, resulting in beneficial ownership
as follows:
1. Baines Creek Partners, L.P.,
(a) Amount Beneficially owned: -0- (see pg 5 Item 1)
(b) Percent of Class: 0% (see pg 5 Item 1)
The percentages used herein and in the rest of Item 4 are
calculated based on 7,200,000 units of Common Stock
outstanding as of September 30, 2017, as disclosed in the
Issuers most recent Quarterly Report on Form 10-Q for the
quarter ended September 30, 2017, as filed with the
SEC on November 1, 2017.
(c) (i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: -0-
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:-0-
2. Kevin Tracy
(a) Amount Beneficially owned: -0- (see pg 5 Item 1)
(b) Percent of Class:Less than 0% (see pg 5 Item 1)
(c) (i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: -0-
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: -0-
3. Brian Williams
(a) Amount Beneficially owned: -0- (see pg 5 Item 1)
(b) Percent of Class: 0% (see pg 5 Item 1)
(c) (i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: -0-
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: -0-
4. Baines Creek Capital, LLC
(a) Amount Beneficially owned: -0- (see pg 5 Item 1)
(b) Percent of Class: 0% (see pg 5 Item 1)
(c) (i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote:-0-
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
-0-
Page 8 of 9 Pages
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
N/A
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON.
As the discretionary investment manager of BCP,
BCC has power to direct the voting and disposition of
shares held by BCP and its related individuals KT and BW.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR
CONTROL PERSON.
N/A
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
See Item 2.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
N/A
Page 9 of 9 Pages
ITEM 10. CERTIFICATION.
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to above were not acquired and
are not held for the purpose of or with the effect of changing or influencing
the control of the issuer of the securities and were not acquired and are not
held in connection with or as a participant in any transaction having that
purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge
and belief, I hereby certify that the information set forth in this statement
is true, complete and correct.
April 10, 2018
/s/ Brian Williams
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Managing Partner
Baines Creek Capital, LLC