4//SEC Filing
Dugan James F. 4
Accession 0001104659-18-014869
CIK 0001319229other
Filed
Mar 4, 7:00 PM ET
Accepted
Mar 5, 5:02 PM ET
Size
7.0 KB
Accession
0001104659-18-014869
Insider Transaction Report
Form 4
Dugan James F.
EVP Engineering & Operations
Transactions
- Award
Phantom Units
2018-03-01+7,096.225→ 17,722.934 total→ Common Units Representing Limited Partner Interests (7,096.225 underlying)
Footnotes (4)
- [F1]Each phantom unit represents the right to receive one common unit representing a limited partner interest in TransMontaigne Partners L.P. (a "common unit") or the cash value thereof.
- [F2]Represents the 2018 annual award granted under the 2016 Long Term Incentive Plan (the "Plan") by the Compensation Committee of the Board of Directors of TLP Management Services LLC on March 1, 2018 that has been deemed to be invested in "phantom units," as if invested in an investment fund that tracks the financial performance of the common units.
- [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, 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
- Mar 4, 7:00 PM ET
- Accepted
- Mar 5, 5:02 PM ET
- Size
- 7.0 KB