4//SEC Filing
GENESIS ENERGY LP 4
Accession 0001022321-16-000179
$GELCIK 0001022321operating
Filed
Apr 13, 8:00 PM ET
Accepted
Apr 14, 2:44 PM ET
Size
6.7 KB
Accession
0001022321-16-000179
Insider Transaction Report
Form 4
Davis Paul A
SVP - Business Development
Transactions
- Award
Phantom Units
2016-04-12+19,030→ 42,964 totalFrom: 2019-04-12Exp: 2019-04-12→ Common Units - Class A (19,030 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 $0.74 per unit for the fourth quarter of 2018 (which would be paid in the first quarter of 2019), all of the phantom units granted will be forfeited; (b) if the quarterly distribution on the common units for the fourth quarter of 2018 is $0.74 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 2018 is $0.79 per unit, 100% of the phantom units granted will vest; and (d) if the distribution on the common units for the fourth quarter of 2018 is $0.85 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 2018 be between the range of $0.74 per unit and $0.85 per unit, the phantom units will vest between 50% and 150% of the number granted on a pro rata basis.
Documents
Issuer
GENESIS ENERGY LP
CIK 0001022321
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001022321
Filing Metadata
- Form type
- 4
- Filed
- Apr 13, 8:00 PM ET
- Accepted
- Apr 14, 2:44 PM ET
- Size
- 6.7 KB