CARLSON ERIK B 4
4 · TransMontaigne Partners L.P. · Filed Feb 27, 2013
Insider Transaction Report
Form 4
CARLSON ERIK B
Executive VP, Secretary
Transactions
- Award
Phantom Units
2013-02-25+1,847.46→ 14,302.91 total→ Common Units Representing Limited Partner Interest (1,847.46 underlying)
Footnotes (3)
- [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 the portion of the 2013 award granted under the Amended and Restated Savings and Retention Plan (the "Plan") by the Compensation Committee of the Board of Directors of TransMontaigne Inc. (the "Plan Administrator") that the Reporting Person elected to be invested in phantom units as if invested in an investment fund that tracks the financial performance of the common units of TLP. The award allocations were approved by the Plan Administrator on February 25, 2013 and were allocated to the phantom units on such date.
- [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. 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.