Arata Stephen Louis 4
4 · Regency Energy Partners LP · Filed May 27, 2010
Insider Transaction Report
Form 4
Arata Stephen Louis
Executive VP and CFO
Transactions
- Tax Payment
Common Units
2010-05-26$22.25/sh−6,172$137,327→ 190,627 total - Exercise/Conversion
Phantom Units
2010-05-26−23,334→ 5,600 totalFrom: 2010-05-26Exp: 2010-05-26→ Common Units (23,334 underlying) - Exercise/Conversion
Common Units
2010-05-26+23,334→ 196,799 total
Footnotes (3)
- [F1]The holder settled 100 percent of his phantom units for RGNC common units on the date of vesting.
- [F2]These Phantom Units were granted on May 27, 2009. 12,000 of the phantom units contractually convert into a variable number of common units based on total unitholder return over a three year period or upon a change in control. This transaction represents the vesting of the original grant of 12,000 market condition phantom units multiplied by a factor of 1.5 due to a change in control event on May 26, 2010 in accordance with the terms of the grant plus the remaining 5,334 service condition phantom units.
- [F3]Each Phantom Unit is the economic equivalent of one common unit representing a limited partner interest in Regency Energy Partners LP.