Williamson Chris E 4
4 · BreitBurn Energy Partners L.P. · Filed Feb 1, 2011
Insider Transaction Report
Form 4
Williamson Chris E
SVP, Western Division
Transactions
- Award
Restricted Phantom Units
2011-01-28+20,602→ 20,602 totalExercise: $0.00→ Common Units (20,602 underlying)
Footnotes (2)
- [F1]Each Restricted Phantom Unit ("RPU") is the economic equivalent of one common unit representing a limited partner interest in BBEP (a "common unit") which includes a distribution equivalent right that entitles the holder to cash distributions at the same rate payable to common unitholders on a quarterly basis.
- [F2]On each of December 28, 2011, December 28, 2012, and December 28, 2013, one-third of the RPU's will be settled for an equal number of common units.