4//SEC Filing
Dugan James F. 4
Accession 0001104659-17-065673
CIK 0001319229other
Filed
Nov 1, 8:00 PM ET
Accepted
Nov 2, 4:29 PM ET
Size
7.3 KB
Accession
0001104659-17-065673
Insider Transaction Report
Form 4
Dugan James F.
EVP Engineering & Operations
Transactions
- Award
Phantom Units
2017-10-31+234.284→ 13,130.786 total→ Common Units Representing Limited Partner Interest (234.284 underlying)
Footnotes (4)
- [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 September 30, 2017, which distribution was paid to common unitholders on October 31, 2017. 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 length of service thresholds as defined in the Plan. The Reporting Person has satisfied the age and length of service thresholds of the Plan.
- [F4]Awards are payable as to 50% of a participant's annual award in the month containing the second anniversary of the grant date, and the remaining 50% in the month containing the third anniversary of the grant date, subject to earlier payment upon the participant's retirement after achieving the age or service thresholds, death or disability, involuntary termination without cause or termination following a change in control, each as specified in the plan. 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 typeother
Related Parties
1- filerCIK 0001709569
Filing Metadata
- Form type
- 4
- Filed
- Nov 1, 8:00 PM ET
- Accepted
- Nov 2, 4:29 PM ET
- Size
- 7.3 KB