Emerge Energy Services LP 4
4 · Emerge Energy Services LP · Filed May 6, 2015
Insider Transaction Report
Form 4
TUSA JOSEPH C
See Remarks
Transactions
- Award
PERFORMANCE BASED PHANTOM UNITS
2015-05-04+2,619→ 2,619 totalExp: 2020-05-04→ COMMON UNITS (2,619 underlying) - Award
COMMON UNITS
2015-05-04+2,619→ 2,619 total
Footnotes (3)
- [F1]Represents restricted units that will vest in four equal tranches on May 4, 2016, 2017, 2018 and 2019 and are settled in common units upon vesting on a one for one basis.
- [F2]Each performance based phantom unit ("PPU") is the economic equivalent of one common unit and is settled in common units upon vesting on a one for one basis.
- [F3]Each PPU vests upon performance based on increases in the price of the common units, as noted in the Phantom Unit Agreement, subject to continued employment.