JP Energy Partners LP 4
4 · JP Energy Partners LP · Filed Feb 9, 2015
Insider Transaction Report
Form 4
Sherman Josh
Director
Transactions
- Award
Phantom Units (with DERs)
2015-02-05+2,000→ 2,000 total→ Common Units (2,000 underlying)
Footnotes (3)
- [F1]Each phantom unit is the economic equivalent of one common unit and is accompanied by a distribution equivalent right, entitling the holder to an amount equal to any cash distributions paid on each of the Partnership's common units.
- [F2]The phantom units vest in three equal annual installments commencing on each of the first, second and third anniversaries of the grant date.
- [F3]The phantom units do not expire. The phantom units are settled upon vesting in common units (on a one-for-one basis) or in cash, at the discretion of the Issuer.