JP Energy Partners LP 4
4 · JP Energy Partners LP · Filed Aug 17, 2015
Insider Transaction Report
Form 4
Sherman Josh
Director
Transactions
- Purchase
COMMON UNITS (LIMITED PARTNER INTERESTS)
2015-08-13$9.10/sh+3,000$27,300→ 5,000 total
Holdings
- 2,000
PHANTOM UNITS (with DERs)
→ Common Units (2,000 underlying)
Footnotes (4)
- [F1]The price reported in Column 4 is a weighted average price. These units were purchased in multiple transactions at prices ranging from $8.80 to $9.25, 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 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.
- [F3]The phantom units vest in three equal annual installments commencing on each of the first, second and third anniversaries of the grant date.
- [F4]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.