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 *
Robert Richard A
  2. Issuer Name and Ticker or Trading Symbol
Vanguard Natural Resources, LLC [VNR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Executive VP and CFO
(Last)
(First)
(Middle)
7700 SAN FELIPE, SUITE 485
3. Date of Earliest Transaction (Month/Day/Year)
01/01/2009
(Street)

HOUSTON, TX US 77063
4. If Amendment, Date Original Filed(Month/Day/Year)
01/06/2010
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 LLC units 01/04/2010   M   97,400 A (1) 125,000 D  
Common Units 01/04/2010   D   77,920 D $ 22.07 47,080 D  

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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
Phantom Units (1) 01/01/2009   A   1   12/31/2009 12/31/2009 Common Units 121,459 (1) 1 D  
Phantom Units (1) 01/04/2010   M     1 01/04/2010 01/04/2010 Common Units 97,400 (1) 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Robert Richard A
7700 SAN FELIPE, SUITE 485
HOUSTON, TX US 77063
      Executive VP and CFO  

Signatures

 /s/ Richard Robert   01/06/2010
**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) The phantom unit is the economic equivalent of 1% of the Company's total outstanding units on January 1, 2009, which was 121,459 units. The phantom unit entitles the reporting person to participate in the appreciation of the price of the Company's common units ("VNR units") to the extent that the December 31, 2009 VNR unit price exceeded 108% of the VNR unit price at January 1, 2009 (which was $5.90). Distributions paid on the VNR units during 2009 are considered in reaching the 108% hurdle rate. The reporting person settled the phantom unit for 19,480 common units and $1,719,661 in cash.
 
Remarks:
(1) The phantom unit is the economic equivalent of 1% of the Company's total outstanding units on January 1, 2009, which was 121,459 units.  The phantom unit entitles the reporting person to participate in the appreciation of the price of the Company's common units ("VNR units") to the extent that the December 31, 2009 VNR unit price exceeded 108% of the VNR unit price at January 1, 2009 (which was $5.90).  Distributions paid on the VNR units during 2009 are considered in reaching the 108% hurdle rate.   The reporting person settled the phantom unit for 19,480 common units and $1,719,661 in cash.

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