Davis Paul A 4
4 · GENESIS ENERGY LP · Filed Apr 11, 2013
Insider Transaction Report
Form 4
Davis Paul A
SVP - Business Development
Transactions
- Award
Phantom Units
2013-04-09+9,035→ 9,035 totalFrom: 2016-04-09Exp: 2016-04-09→ Common Units - Class A (9,035 underlying)
Footnotes (3)
- [F1]The phantom units will be paid in cash based on the average closing price of the Common Units - Class A for the 20 trading days immediately prior to the vesting date.
- [F2]Award includes tandem distribution equivalent rights pursuant to which the quarterly distributions paid by the partnership on each Common Unit - Class A will be paid quarterly on the number of units corresponding to the number of units in the initial grant.
- [F3]Award will vest as follows: (a) if the quarterly distribution on the common units is less than $0.54 per unit for the fourth quarter of 2015 (which would be paid in the first quarter of 2016), all of the phantom units granted will be forfeited; (b) if the quarterly distribution on the common units for the fourth quarter of 2015 is $0.54 per unit, 50% of the phantom units granted will vest and the remainder will be forfeited; (c) if the distribution on the common units for the fourth quarter of 2015 is $0.58 per unit, 100% of the phantom units granted will vest; and (d) if the distribution on the common units for the fourth quarter of 2015 is $0.63 per unit or greater, 150% of the phantom units granted will vest. Should the quarterly distribution on the common units for the fourth quarter of 2015 be between the range of $0.54 per unit and $0.63 per unit, the phantom units will vest between 50% and 150% of the number granted on a pro rata basis.