4//SEC Filing
Davis Deborah A 4
Accession 0001127602-09-022539
CIK 0001319229other
Filed
Nov 12, 7:00 PM ET
Accepted
Nov 13, 1:47 PM ET
Size
7.0 KB
Accession
0001127602-09-022539
Insider Transaction Report
Form 4
Davis Deborah A
SVP, Chief Accounting Officer
Transactions
- Award
Phantom Units
2009-11-10$24.20/sh+152.91$3,700→ 6,425.05 total→ Common Units Representing Limited Partner Interest (152.91 underlying)
Footnotes (3)
- [F1]Each phantom unit represents the right to receive one common unit of TLP, or the cash value thereof.
- [F2]Represents additional phantom units granted to the Reporting Person under the Amended and Restated Savings and Retention Plan (the "Plan") as a result of the quarterly distribution declared on the common units of TransMontaigne Partners L.P. for the period ended September 30, 2009. 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 January 1 that falls closest to the second anniversary of the grant date, with the remaining 50% vesting as of the January 1 that falls closest to the third anniversary of the grant date. Accordingly, 50% of the Reporting Person's 2007 award of phantom units vested on January 1, 2009 and the remaining 50% of the 2007 award of phantom units will vest on January 1, 2010. The 2008 award of phantom units vests 50% on January 1, 2010, with the remaining 50% vesting on January 1, 2011. The 2009 award of phantom units vests 50% on January 1, 2011, with the remaining 50% vesting on January 1, 2012. The phantom units are subject to earlier vesting 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 typeother
Related Parties
1- filerCIK 0001422494
Filing Metadata
- Form type
- 4
- Filed
- Nov 12, 7:00 PM ET
- Accepted
- Nov 13, 1:47 PM ET
- Size
- 7.0 KB