4//SEC Filing
Majors Ronald A 4
Accession 0001127602-13-004054
CIK 0001319229other
Filed
Feb 3, 7:00 PM ET
Accepted
Feb 4, 6:20 PM ET
Size
10.2 KB
Accession
0001127602-13-004054
Insider Transaction Report
Form 4
Majors Ronald A
Senior Vice President
Transactions
- Exercise/Conversion
Common Units Representing Limited Partner Interest
2013-01-31+755.96→ 1,555.96 total - Disposition to Issuer
Common Units Representing Limited Partner Interest
2013-01-31$41.23/sh−755.96$31,168→ 800 total - Exercise/Conversion
Phantom Units
2013-01-31−755.96→ 3,989.48 total→ Common Units Representing Limited Partner Interest (755.96 underlying)
Footnotes (4)
- [F1]Represents the settlement of phantom units granted under the Amended and Restated Savings and Retention Plan (the "Plan"). Pursuant to applicable SEC reporting requirements, the settlement of the phantom units for cash is reported on this Form 4 as a disposition of the phantom units being settled in exchange for the acquisition of the underlying units and a simultaneous disposition of the underlying units to the issuer for cash.
- [F2]Each phantom unit represents the right to receive one common unit of TransMontaigne Partners L.P. ("TLP"), or the cash value thereof.
- [F3]For phantom units settled in cash, the value of the vested portion of a grant is determined as of the last exchange trading day of the month of January in which such grant vests. Accordingly, the first 50% of the Reporting Person's 2011 award of phantom units vested on January 1, 2013 and was valued at the closing price on January 31, 2013, which is deemed the "settlement date" for the purposes of this Report. The payment of cash or issuance of units for such vested phantom units then occurs on the next regular payroll date that is at least three business days later. Pursuant to the appplicable SEC reporting requirements, the settlement of the phantom units for cash is reported on this Form 4 as a disposition of the phantom units being settled in exchange for the acquisition of the underlying units and a simultaneous disposition of the underlying units to the Issuer for cash. See Table I.
- [F4]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. 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 0001496587
Filing Metadata
- Form type
- 4
- Filed
- Feb 3, 7:00 PM ET
- Accepted
- Feb 4, 6:20 PM ET
- Size
- 10.2 KB