Miller Joseph R. III 4
4 · Rhino Resource Partners LP · Filed Oct 7, 2010
Insider Transaction Report
Form 4
Miller Joseph R. III
VP, Secretary & Gen Counsel
Transactions
- Award
Phantom Units with DERs
2010-10-05+4,878→ 4,878 total→ Common Units (4,878 underlying)
Footnotes (2)
- [F1]Grant of Phantom Units under the Rhino Long-Term Incentive Plan. Each Phantom Unit is the economic equivalent of one common unit representing a limited partner interest in Rhino Resource Partners LP (the "Partnership") and is accompanied by a Distribution Equivalent Right entitling the holder to an amount of cash equal to the value of any cash distributions paid on each of the Partnership's common units during the period in which the Phantom Unit is held.
- [F2]One-sixth of the Phantom Units will vest on each six month anniversary of the date of grant, subject to earlier vesting upon a change of control or a termination of the reporting person' s employment due to death or disability. In addition, upon a termination of the reporting person's employment without cause or for good reason, any Phantom Units scheduled to vest in the 12 month period following such termination will become immediately vested as of such termination date.