JP Energy Partners LP 4
4 · JP Energy Partners LP · Filed Apr 5, 2016
Insider Transaction Report
Form 4
Welch Patrick Joseph
DirectorSEE REMARKS
Transactions
- Award
PHANTOM UNITS (WITH DERs)
2016-04-01+47,000→ 60,333 total→ COMMON UNITS (47,000 underlying) - Tax Payment
COMMON UNITS (LIMITED PARTNER INTERESTS)
2016-04-01$5.33/sh−1,824$9,722→ 16,615 total - Exercise/Conversion
PHANTOM UNITS (WITH DERs)
2016-04-01−6,667→ 13,333 total→ COMMON UNITS (6,667 underlying) - Exercise/Conversion
COMMON UNITS (LIMITED PARTNER INTERESTS)
2016-04-01$5.33/sh+6,667$35,535→ 18,439 total
Holdings
- 13,354
SUBORDINATED UNITS (LIMITED PARTNER INTERESTS)
→ COMMON UNITS (13,354 underlying)
Footnotes (5)
- [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]Each subordinated unit will convert into one common unit at the end of the subordination period, as described in Registration Statement.
- [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 distribution 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.