Arc Logistics Partners LP 4
4 · Arc Logistics Partners LP · Filed Mar 10, 2017
Insider Transaction Report
Form 4
RUSSELL EDWARD
Director
Transactions
- Award
Common units representing limited partner interests
2017-03-08+20,000→ 40,000 total
Footnotes (1)
- [F1]Represents an award of phantom units granted under the Arc Logistics Amended and Restated Long Term Incentive Plan. Each phantom unit represents a contingent right to receive one common unit upon settlement. The award is subject to a risk of forfeiture until July 18, 2017 and the economic benefits associated with the award do not begin to accrue until such date (e.g., eligibility to vest and eligibility to receive distribution equivalent rights). Unless earlier forfeited, the phantom units will vest in three equal annual installments on July 18, 2018, July 18, 2019 and July 18, 2020.