PetroLogistics LP 4
4 · PetroLogistics LP · Filed Jul 18, 2014
Insider Transaction Report
Form 4
Miller Randy
Vice President-Engineering
Transactions
- Disposition to Issuer
Common Units representing limited partner interests
2014-07-16−384,860→ 0 total
Footnotes (1)
- [F1]Pursuant to the Agreement and Plan of Merger and Membership Interest Transfer Agreement, dated as of May 27, 2014, by and among the issuer, PetroLogistics GP LLC, Propylene Holdings LLC, Flint Hill Resources, LLC and FHR Propylene, LLC (the "Merger Agreement"), all of the common units held by the reporting person were cancelled and converted into the right to receive $14.00 per common unit, subject to any required withholding taxes, and the right to receive a final one-time cash distribution in accordance with the provisions of the Merger Agreement and which will be calculated to approximate the distribution that would have otherwise been paid for the period through the closing date of the merger, subject to an additional reserve to cover a portion of the merger-related costs of the issuer on the effective date of the merger.