JP Energy Partners LP 4
4 · JP Energy Partners LP · Filed Apr 3, 2015
Insider Transaction Report
Form 4
Barley Jason Patrick
DirectorSEE REMARKS
Transactions
- Award
PHANTOM UNITS (WITH DERs)
2015-04-01+25,000→ 25,000 total→ COMMON UNITS (25,000 underlying)
Holdings
- 125,122(indirect: By LLC)
SUBORDINATED UNITS (LIMITED PARTNER INTERESTS)
→ COMMON UNITS (125,122 underlying)
Footnotes (5)
- [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.
- [F4]Each subordinated unit will convert into one common unit at the end of the subordination period, as described in Registration Statement.
- [F5]Represents units held by JP Energy Holdings, LLC which is 100% owned and controlled by the Reporting Person.