4//SEC Filing
TransMontaigne Partners L.P. 4
Accession 0001104659-16-120015
CIK 0001319229operating
Filed
May 10, 8:00 PM ET
Accepted
May 11, 12:58 PM ET
Size
6.6 KB
Accession
0001104659-16-120015
Insider Transaction Report
Form 4
Pound Gregory J
President, COO
Transactions
- Award
Phantom Units
2016-05-09+230.458→ 13,542.792 total→ Common Units Representing Limited Partner Interest (230.458 underlying)
Footnotes (3)
- [F1]Each phantom unit represents the right to receive one common unit of TransMontaigne Partners L.P. ("TLP"), or the cash value thereof.
- [F2]Represents additional phantom units granted to the Reporting Person under the TLP Management Services LLC Savings and Retention Plan, which constitutes a "Program" under the 2016 Long Term Incentive Plan (the "Plan") as a result of the quarterly distribution declared on the common units of TLP for the period ended March 31, 2016. Under the Plan, in lieu of a cash distribution in respect of phantom units, each Plan participant receives additional phantom units equal in value to the aggregate quarterly distribution allocable to the phantom units held by such participant.
- [F3]Phantom units awarded under the Plan vest 50% as of the first day of the month that falls closest to the second anniversary of the grant date, with the remaining 50% vesting as of the first day of the month that falls closest to the third anniversary of the grant date. The phantom units are subject to earlier vesting upon a change in control or upon achieving certain age or service thresholds as defined in the Plan. Upon vesting, phantom units may be paid out, in the sole discretion of the Plan Administrator, in cash or in common units of TLP, or a combination thereof.
Documents
Issuer
TransMontaigne Partners L.P.
CIK 0001319229
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001319229
Filing Metadata
- Form type
- 4
- Filed
- May 10, 8:00 PM ET
- Accepted
- May 11, 12:58 PM ET
- Size
- 6.6 KB