Williamson Chris E 4
4 · BreitBurn Energy Partners L.P. · Filed Dec 30, 2011
Insider Transaction Report
Form 4
Williamson Chris E
SVP, Western Division
Transactions
- Exercise/Conversion
Common Units Representing Limited Partner Interests
2011-12-28+5,051→ 50,078 total - Exercise/Conversion
Restricted Phantom Units
2011-12-28−5,051→ 0 total→ Common Units (5,051 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]The RPUs that vested on December 28, 2011 were settled for common units. On each of December 28, 2012 and December 28, 2013, one half of the remaining RPUs will be settled for an equal number of common units.