4//SEC Filing
Northern Tier Energy LP 4
Accession 0000899243-16-023688
CIK 0001533454operating
Filed
Jun 26, 8:00 PM ET
Accepted
Jun 27, 8:19 PM ET
Size
9.6 KB
Accession
0000899243-16-023688
Insider Transaction Report
Form 4
Duckworth Rocky L
Director
Transactions
- Disposition to Issuer
Common Units
2016-06-23−16,519→ 0 total - Exercise/Conversion
Phantom Units
2016-06-23−4,202→ 0 total→ Common Units (4,202 underlying) - Exercise/Conversion
Common Units
2016-06-23+4,202→ 16,519 total
Footnotes (2)
- [F1]The transaction reported occurred in connection with the merger of the Issuer with a wholly-owned subsidiary of Western Refining, Inc. ("WNR"), effective June 23, 2016. On June 23, 2016, the last trading day for the common units of the Issuer, the closing price of the common units of the Issuer was $21.15 per unit and the closing price of WNR's common stock was $20.25. Each common unit of the Issuer (except for the vested phantom units discussed in Note 2, which received the Mixed Consideration) held by the reporting person was converted into the right to receive, at his election but subject to proration, (i) $15.00 in cash without interest and 0.2986 of a share of WNR common stock (the "Mixed Consideration"), (ii) $26.06 in cash without interest or (iii) 0.7036 of a share of WNR common stock.
- [F2]The time-based phantom units of the Issuer held by the reporting person vested immediately prior to the effective time of the merger and were converted into the right to receive the Mixed Consideration, as set forth in the merger agreement between the Issuer, WNR and various of their respective subsidiaries.
Documents
Issuer
Northern Tier Energy LP
CIK 0001533454
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001533454
Filing Metadata
- Form type
- 4
- Filed
- Jun 26, 8:00 PM ET
- Accepted
- Jun 27, 8:19 PM ET
- Size
- 9.6 KB