GENESIS ENERGY LP 4
4 · GENESIS ENERGY LP · Filed Apr 11, 2017
Insider Transaction Report
Form 4
Smith Stephen M
Vice President
Transactions
- Disposition to Issuer
Common Units - Class A
2017-04-08$32.52/sh−11,111$361,330→ 416,144 total - Exercise/Conversion
Common Units - Class A
2017-04-08+11,111→ 427,255 total - Exercise/Conversion
Phantom Units
2017-04-08−7,407→ 28,648 totalFrom: 2017-04-08Exp: 2017-04-08→ Common Units - Class A (7,407 underlying)
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]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.