Western Refining Logistics, LP 4
4 · Western Refining Logistics, LP · Filed Jun 2, 2017
Insider Transaction Report
Form 4
WEAVER SCOTT D
Director
Transactions
- Exercise/Conversion
Common Units
2017-06-01+3,171→ 126,544 total - Exercise/Conversion
Phantom Units
2017-06-01−3,171→ 0 total→ Common Units (3,171 underlying)
Footnotes (1)
- [F1]The transaction reported occurred in connection with the merger of Western Refining, Inc. and a wholly owned subsidiary of Tesoro Corporation, effective June 1, 2017 (the "Closing Date"). The reporting person resigned as Director of the Issuer on the Closing Date. Pursuant to the terms of the award agreement governing the phantom units owned by the reporting person, his phantom units vested immediately upon his resignation and were converted into common units of the Issuer on a one-for-one basis. The reporting person received his phantom units from the Issuer as part of the compensation for his service.