4//SEC Filing
GENESIS ENERGY LP 4
Accession 0001022321-17-000063
$GELCIK 0001022321operating
Filed
Apr 12, 8:00 PM ET
Accepted
Apr 13, 3:54 PM ET
Size
6.7 KB
Accession
0001022321-17-000063
Insider Transaction Report
Form 4
alexander Richard R
Vice President
Transactions
- Award
Phantom Units
2017-04-11+22,908→ 59,519 totalFrom: 2020-04-11Exp: 2020-04-11→ Common Units - Class A (22,908 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 $0.75 per unit for the fourth quarter of 2019 (which would be paid in the first quarter of 2020), all of the phantom units granted will be forfeited; (b) if the quarterly distribution on the common units for the fourth quarter of 2019 is $0.75 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 2019 is $0.80 per unit, 100% of the phantom units granted will vest; and (d) if the distribution on the common units for the fourth quarter of 2019 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 2019 be between the range of $0.75 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 12, 8:00 PM ET
- Accepted
- Apr 13, 3:54 PM ET
- Size
- 6.7 KB