GENESIS ENERGY LP 4
4 · GENESIS ENERGY LP · Filed Apr 12, 2016
Insider Transaction Report
Form 4
Smith Stephen M
Vice President
Transactions
- Exercise/Conversion
Phantom Units
2016-04-09−6,910→ 17,025 totalFrom: 2016-04-09Exp: 2016-04-09→ Common Units - Class A (6,910 underlying) - Disposition to Issuer
Common Units - Class A
2016-04-09$30.25/sh−10,365$313,541→ 416,144 total - Exercise/Conversion
Common Units - Class A
2016-04-09+10,365→ 426,509 total
Footnotes (3)
- [F1]Pursuant to the terms of the 2013 phantom unit award, because the quarterly distribution on the common units for the fourth quarter of 2015 was $0.63 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.