GENESIS ENERGY LP 4
4 · GENESIS ENERGY LP · Filed Apr 11, 2017
Insider Transaction Report
Form 4
SIMS GRANT E
DirectorChief Executive Officer
Transactions
- Disposition to Issuer
Common Units - Class A
2017-04-08$32.52/sh−11,111$361,330→ 2,948,650 total - Exercise/Conversion
Phantom Units
2017-04-08−7,407→ 95,558 totalFrom: 2017-04-08Exp: 2017-04-08→ Common Units - Class A (7,407 underlying) - Exercise/Conversion
Common Units - Class A
2017-04-08+11,111→ 2,959,761 total
Footnotes (3)
- [F1]Pursuant to the terms of the 2014 phantom unit award, because the quarterly distribution on the common units for the fourth quarter of 2016 was $0.70 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.