JP Energy Partners LP 4
4 · JP Energy Partners LP · Filed Jan 22, 2016
Insider Transaction Report
Form 4
Barley Jason Patrick
DirectorSEE REMARKS
Transactions
- Sale
COMMON UNITS (LIMITED PARTNER INTERESTS)
2016-01-20$3.00/sh−7,000$21,000→ 20,163 total(indirect: By LLC) - Sale
COMMON UNITS (LIMITED PARTNER INTERESTS)
2016-01-21$3.28/sh−2,500$8,200→ 17,663 total(indirect: By LLC)
Holdings
- 25,000
PHANTOM UNITS (WITH DERs)
→ COMMON UNITS (25,000 underlying) - 125,122(indirect: By LLC)
SUBORDINATED UNITS (LIMITED PARTNER INTERESTS)
→ COMMON UNITS (125,122 underlying)
Footnotes (6)
- [F1]The units reported on this line are held for the benefit of the Reporting Person's children by JP Energy Holdings, LLC, which is owned by the Barley 2011 Family Trust.
- [F2]The price reported in Column 4 is a weighted average price. These units were sold in multiple transactions at prices ranging from $3.22 to $3.50, 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 sold at each separate price within the ranges set forth in footnote (2) to this Form 4.
- [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 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.
- [F6]Each subordinated unit will convert into one common unit at the end of the subordination period, as described in Registration Statement.