JP Energy Partners LP 4
4 · JP Energy Partners LP · Filed Jul 8, 2015
Insider Transaction Report
Form 4
Chen Shiming
SEE REMARKS
Transactions
- Award
PHANTOM UNITS (WITH DERs)
2015-07-06+21,676→ 34,636 total→ COMMON UNITS (21,676 underlying)
Holdings
- 6,729
SUBORDINATED UNITS (LIMITED PARTNER INTERESTS)
→ COMMON UNITS (6,729 underlying)
Footnotes (4)
- [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 on April 1, 2016, April 1, 2017 and April 1, 2018, respectively.
- [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.