GENESIS ENERGY LP 4
4 · GENESIS ENERGY LP · Filed Apr 15, 2015
Insider Transaction Report
Form 4
Smith Stephen M
Vice President
Transactions
- Exercise/Conversion
Common Units - Class A
2015-04-10+15,917→ 432,061 total - Exercise/Conversion
Phantom Units
2015-04-10−10,611→ 14,317 totalFrom: 2015-04-10Exp: 2015-04-10→ Common Units - Class A (10,611 underlying) - Disposition to Issuer
Common Units - Class A
2015-04-10$45.21/sh−15,917$719,552→ 416,144 total
Footnotes (3)
- [F1]Pursuant to the terms of the 2012 phantom unit award, because the quarterly distribution on the common units for the fourth quarter of 2014 was $0.57 per unit or greater, 150% of the phantom units awarded vested.
- [F2]The payment of the phantom units in cash is deemed to be a disposition of the phantom units in exchange for the acquisition of the underlying Common Units - Class A and a simultaneous disposition of the underlying Common Units - Class A to the issuer.
- [F3]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.