GENESIS ENERGY LP 4
4 · GENESIS ENERGY LP · Filed Apr 12, 2016
Insider Transaction Report
Form 4
SIMS GRANT E
DirectorChief Executive Officer
Transactions
- Disposition to Issuer
Common Units - Class A
2016-04-09$30.25/sh−39,861$1,205,795→ 2,949,650 total - Exercise/Conversion
Phantom Units
2016-04-09−26,574→ 45,877 totalFrom: 2016-04-09Exp: 2016-04-09→ Common Units - Class A (26,574 underlying) - Exercise/Conversion
Common Units - Class A
2016-04-09+39,861→ 2,989,511 total
Footnotes (4)
- [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]Upon vesting, the phantom units were paid in cash based on the average closing price of the Common Units - Class A for the 20 trading days immediately prior to the date of vesting.
- [F4]1,000 of these Common Units - Class A are held by the reporting person's father. The reporting person disclaims beneficial ownership of these units.