Friedman Walker C 4
4 · BreitBurn Energy Partners L.P. · Filed Feb 4, 2011
Insider Transaction Report
Form 4
Friedman Walker C
Director
Transactions
- Award
Restricted Phantom Units
2011-02-03+6,896→ 6,896 totalExercise: $0.00→ Common Units (6,896 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 January 1, 2012, January 1, 2013, and January 1, 2014, one-third of the RPU's will be settled for an equal number of common units.