Gaspard Garland G 4
4 · GENESIS ENERGY LP · Filed Apr 16, 2018
Insider Transaction Report
Form 4
Gaspard Garland G
Senior Vice President
Transactions
- Exercise/Conversion
Phantom Units
2018-04-14−995→ 17,735 totalFrom: 2018-04-14Exp: 2018-04-14→ Common Units - Class A (995 underlying) - Disposition to Issuer
Common Units - Class A
2018-04-14$19.88/sh−995$19,781→ 0 total - Exercise/Conversion
Common Units - Class A
2018-04-14+995→ 995 total
Footnotes (3)
- [F1]Pursuant to the terms of the 2015 phantom unit award, because the quarterly distribution on the common units for the fourth quarter of 2017 was below $0.67, 40% of the phantom units awarded vested at 100% and the remaining 60% of the phantom units awarded were forfeited.
- [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.