4//SEC Filing
Memorial Production Partners LP 4
Accession 0001140361-16-047644
CIK 0001521847operating
Filed
Jan 11, 7:00 PM ET
Accepted
Jan 12, 5:03 PM ET
Size
6.3 KB
Accession
0001140361-16-047644
Insider Transaction Report
Form 4
Brunson W. Donald
Director
Transactions
- Award
Phantom Units
2016-01-08+51,867→ 51,867 totalFrom: 2017-01-08Exp: 2017-01-08→ Common Units (51,867 underlying)
Footnotes (1)
- [F1]Each phantom unit awarded to the reporting person is the economic equivalent of one common unit representing a limited partner interest in the registrant ("Common Unit"). The phantom units awarded to the reporting person vest on January 8, 2017. Award includes distribution equivalent rights pursuant to which the reporting person will receive a cash payment with respect to each phantom unit equal to any cash distribution paid by the registrant to a holder of a Common Unit. Upon vesting, the phantom units shall be settled through an amount of cash in a single lump sum payment equal to the product of (y) the closing price of the Common Units on the vesting date and (z) the number of such vested phantom units. In lieu of a cash payment, the Board of Directors of the general partner of the registrant, in its discretion, may elect for the reporting person to receive either a number of Common Units equal to the number of such vested phantom units or a combination of cash and Common Units.
Documents
Issuer
Memorial Production Partners LP
CIK 0001521847
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001521847
Filing Metadata
- Form type
- 4
- Filed
- Jan 11, 7:00 PM ET
- Accepted
- Jan 12, 5:03 PM ET
- Size
- 6.3 KB