TransMontaigne Partners L.P. 4
4 · TransMontaigne Partners L.P. · Filed Feb 27, 2014
Insider Transaction Report
Form 4
CARLSON ERIK B
Executive VP, Secretary
Transactions
- Award
Phantom Units
2014-02-26+926.153→ 9,281.479 total→ Common Units Representing Limited Partner Interest (926.153 underlying)
Footnotes (2)
- [F1]Each phantom unit represents the right to receive one common unit of TransMontaigne Partners L.P. ("TLP"), or the cash value thereof.
- [F2]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.