JP Energy Partners LP 4
4 · JP Energy Partners LP · Filed Dec 8, 2015
Insider Transaction Report
Form 4
Chen Shiming
SEE REMARKS
Transactions
- Tax Payment
SUBORDINATED UNITS (LIMITED PARTNER INTERESTS)
2015-12-05−489→ 6,240 total→ COMMON UNITS (489 underlying) - Tax Payment
COMMON UNITS (LIMITED PARTNER INTERESTS)
2015-12-05$6.50/sh−120$780→ 1,529 total
Holdings
- 34,636
PHANTOM UNITS (with DERs)
→ COMMON UNITS (34,636 underlying)
Footnotes (5)
- [F1]Each subordinated unit will convert into one common unit at the end of the subordination period, as described in Registration Statement.
- [F2]Each subordinated unit is the economic equivalent of one common unit.
- [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 distributions paid on each of the Partnership's common units.
- [F4]The phantom units vest in three equal annual installments on April 1, 2016, April 1, 2017 and April 1, 2018, respectively.
- [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.