Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT 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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(Print or Type Responses)
1. Name and Address of Reporting Person *
REYNOLDS JOHN T
  2. Issuer Name and Ticker or Trading Symbol
LRR Energy, L.P. [LRE]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) __X__ Other (specify below)
Director by Deputization
(Last)
(First)
(Middle)
C/O LIME ROCK MANAGEMENT LP, 274 RIVERSIDE AVENUE, 3RD FLOOR
3. Date of Earliest Transaction (Month/Day/Year)
05/16/2014
(Street)

WESTPORT, CT 06880
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common units representing limited partner interests 05/16/2014   M   320,082 A (1) 584,379 I (5) (6) (7) See Notes (5) (6) (7)
Common units representing limited partner interests 05/16/2014   M   106,123 A (2) 193,750 I (5) (6) (8) See Notes (5) (6) (8)
Common units representing limited partner interests 05/16/2014   M   1,813,795 A (3) 3,311,471 I (5) (6) (9) See Notes (5) (6) (9)

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Subordinated units representing limited partner interests (1) 05/16/2014   M     320,082   (1)   (4) Common units representing limited partner interests 320,082 (1) 640,165 I (5) (6) (7) See Notes (5) (6) (7)
Subordinated units representing limited partner interests (2) 05/16/2014   M     106,123   (2)   (4) Common units representing limited partner interests 106,123 (2) 212,245 I (5) (6) (8) See Notes (5) (6) (8)
Subordinated units representing limited partner interests (3) 05/16/2014   M     1,813,795   (3)   (4) Common units representing limited partner interests 1,813,795 (3) 3,627,590 I (5) (6) (9) See Notes (5) (6) (9)

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
REYNOLDS JOHN T
C/O LIME ROCK MANAGEMENT LP
274 RIVERSIDE AVENUE, 3RD FLOOR
WESTPORT, CT 06880
    X   Director by Deputization

Signatures

 /s/ Kris Agarwal, as attorney-in-fact   05/20/2014
**Signature of Reporting Person Date

Explanation of Responses:

* 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) On May 16, 2014, pursuant to the terms of the First Amended and Restated Agreement of Limited Partnership (the "Partnership Agreement") of LRR Energy, L.P. (the "Partnership"), 320,082 subordinated units representing limited partner interests in the Partnership ("Subordinated Units") acquired by Lime Rock Resources A, L.P. ("LRR A") in the Partnership's initial public offering (the "IPO") converted automatically into common units representing limited partnership interests in the Partnership ("Common Units") on a one-for-one basis for no additional consideration.
(2) On May 16, 2014, pursuant to the terms of the Partnership Agreement, 106,123 Subordinated Units acquired by Lime Rock Resources B, L.P. ("LRR B") in the IPO converted automatically into Common Units on a one-for-one basis for no additional consideration.
(3) On May 16, 2014, pursuant to the terms of the Partnership Agreement, 1,813,795 Subordinated Units acquired by Lime Rock Resources C, L.P. ("LRR C") in the IPO converted automatically into Common Units on a one-for-one basis for no additional consideration.
(4) Each Subordinated Unit will convert into one Common Unit at the end of the subordination period described in the Issuer's Registration Statement on Form S-1 (No. 333-174017). The Subordinated Units do not have an expiration date.
(5) The Reporting Person is one of two managers of LRR GP, LLC ("LRR GP"), which is the general partner of Lime Rock Resources GP, L.P. ("Lime Rock GP"). Lime Rock GP is the general partner of LRR A, LRR B and LRR C.
(6) The Reporting Person, LRR GP and Lime Rock GP may be deemed to share voting and dispositive power over the reported securities. Each of the Reporting Person, LRR GP and Lime Rock GP disclaim beneficial ownership of any interests of the reported securities in excess of such person's or entity's respective pecuniary interest in the securities. This report shall not be deemed an admission that the Reporting Person, LRR GP or Lime Rock GP is the beneficial owner of such interests for purposes of Section 16 or for any other purpose.
(7) Units owned by LRR A.
(8) Units owned by LRR B.
(9) Units owned by LRR C.
 
Remarks:
The Reporting Person is one of two managers of Lime Rock Management GP, LLC, which is the general partner of Lime Rock Management LP ("LRM").  LRM has the right to appoint all of the directors of the Board of Directors of LRE GP, LLC, the general partner of the Issuer.  Therefore, the Reporting Person may be deemed to be a director by deputization.

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