4//SEC Filing
JP Energy Partners LP 4
Accession 0001140361-15-031773
CIK 0001523404operating
Filed
Aug 12, 8:00 PM ET
Accepted
Aug 13, 6:41 PM ET
Size
8.6 KB
Accession
0001140361-15-031773
Insider Transaction Report
Form 4
Welch Patrick Joseph
DirectorSEE REMARKS
Transactions
- Purchase
COMMON UNITS (LIMITED PARTNER INTERESTS)
2015-08-13$8.83/sh+5,000$44,150→ 11,772 total
Holdings
- 20,000
PHANTOM UNITS (with DERs)
→ COMMON UNITS (20,000 underlying) - 13,354
SUBORDINATED UNITS (LIMITED PARTNER INTERESTS)
→ COMMON UNITS (13,354 underlying)
Footnotes (5)
- [F1]The price reported in Column 4 is a weighted average price. These units were purchased in multiple transactions at prices ranging from $8.74 to $8.90, inclusive. The reporting person undertakes to provide to JP Energy Partners LP, any security holder of JP Energy Partners LP, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of units purchased at each separate price within the ranges set forth in footnote (1) to this Form 4.
- [F2]Each subordinated unit will convert into one common unit at the end of the subordination period, as described in Registration Statement.
- [F3]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 distribution paid on each of the Partnership's common units.
- [F4]The phantom units vest in three equal annual installments commencing on each of the first, second and third anniversaries of the grant date.
- [F5]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.
Documents
Issuer
JP Energy Partners LP
CIK 0001523404
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001523404
Filing Metadata
- Form type
- 4
- Filed
- Aug 12, 8:00 PM ET
- Accepted
- Aug 13, 6:41 PM ET
- Size
- 8.6 KB