4//SEC Filing
GENESIS ENERGY LP 4
Accession 0001022321-17-000082
$GELCIK 0001022321operating
Filed
May 15, 8:00 PM ET
Accepted
May 16, 4:36 PM ET
Size
7.5 KB
Accession
0001022321-17-000082
Insider Transaction Report
Form 4
Jesulaitis Kristen O
General Counsel & Secretary
Transactions
- Award
Phantom Units
2017-04-11+9,164→ 21,368 totalFrom: 2020-04-11Exp: 2020-04-11→ Common Units - Class A (9,164 underlying)
Footnotes (4)
- [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 Issuer on each common unit will be (i) paid quarterly on the number of units corresponding to the number of 2017 service phantom units (as defined in Footnote 4) in the initial grant and (ii) accrued over the vesting period on the number of units corresponding to the number of 2017 performance phantom units (as defined in Footnote 3) and will be paid upon vesting.
- [F3]The reporting person was granted an award of 9,164 phantom units on April 11, 2017. 5,499 phantom units (the "2017 performance phantom units") 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 2017 performance 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 2017 performance 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 2017 performance phantom units granted will vest; and
- [F4](continuation from FN3)(d) if the distribution on the common units for the fourth quarter of 2019 is $0.85 per unit or greater, 150% of the 2017 performance 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 2017 performance phantom units will vest between 50% and 150% of the number granted on a pro rata basis. The remaining 3,665 phantom units (the "2017 service phantom units") will vest fully on April 11, 2020, the third anniversary of the grant date, provided that the reporting person is still employed by the Issuer on such vesting date.
Documents
Issuer
GENESIS ENERGY LP
CIK 0001022321
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001022321
Filing Metadata
- Form type
- 4
- Filed
- May 15, 8:00 PM ET
- Accepted
- May 16, 4:36 PM ET
- Size
- 7.5 KB