BAILEY COLEY L 4
4 · TERRA NITROGEN CO L P /DE · Filed Feb 2, 2018
Insider Transaction Report
Form 4
BAILEY COLEY L
Director
Transactions
- Disposition to Issuer
Phantom Units
2018-01-31$84.27/sh−874.17$73,666→ 0 total - Award
Phantom Units
2018-01-31$80.60/sh+1,116.63$90,000→ 5,583.64 totalExercise: $0.00→ Phantom Units (1,116.63 underlying) - Award
Phantom Units
2018-01-31$84.27/sh+874.17$73,666→ 874.17 total - Disposition to Issuer
Phantom Units
2018-01-31$84.27/sh−874.17$73,666→ 4,467.01 totalExercise: $0.00→ Phantom Units (874.17 underlying)
Footnotes (2)
- [F1]This transaction represents a cash settlement of the reporting person's phantom units that vested on January 31, 2018 pursuant to the compensation plan for non-employee directors (other than any phantom units deferred by the reporting person pursuant to the compensation plan for non-employee directors). The units, plus accrued distributions thereon, are settled in cash on a one-for-one basis with the Company's common units on the date the award vested.
- [F2]These phantom units will vest and be settled in cash on the earlier of (i) the reporting person's separation from service that is other than a removal for cause or (ii) the date of the first board meeting in 2019, unless deferred at the reporting person's option. Vested deferred phantom units are settled in cash after the reporting person ceases to be a director of the issuer.