JP Energy Partners LP 4

4 · JP Energy Partners LP · Filed Apr 5, 2016

Form 4

Period: 2016-04-01

DirectorSEE REMARKS

Transactions

Award
PHANTOM UNITS (WITH DERs)
2016-04-01+50,000→ 66,666 total
→ COMMON UNITS (50,000 underlying)
Exercise/Conversion
PHANTOM UNITS (WITH DERs)
2016-04-01−8,334→ 16,666 total
→ COMMON UNITS (8,334 underlying)
Exercise/Conversion
COMMON UNITS (LIMITED PARTNER INTERESTS)
2016-04-01$5.33/sh+8,334$44,420→ 8,334 total
Tax Payment
COMMON UNITS (LIMITED PARTNER INTERESTS)
2016-04-01$5.33/sh−2,280$12,152→ 6,054 total

Holdings

COMMON UNITS (LIMITED PARTNER INTERESTS)
(indirect: By LLC)
17,663
SUBORDINATED UNITS (LIMITED PARTNER INTERESTS)
(indirect: By LLC)
→ COMMON UNITS (125,122 underlying)
125,122

Footnotes (6)

[F1]The Reporting Person's disposal of the securities represents units withheld for satisfaction of a tax withholding obligation arising as a result of the partial vesting of phantom units granted previously.
[F2]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.
[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.

Documents

1 file