JP Energy Partners LP 4
4 · JP Energy Partners LP · Filed Apr 8, 2016
Insider Transaction Report
Form 4
Welch Patrick Joseph
DirectorSEE REMARKS
Transactions
- Tax Payment
COMMON UNITS (LIMITED PARTNER INTERESTS)
2016-04-07$5.49/sh−240$1,318→ 16,375 total - Tax Payment
SUBORDINATED UNITS (LIMITED PARTNER INTERESTS)
2016-04-07−978→ 12,376 total→ COMMON UNITS (978 underlying)
Holdings
- 60,333
PHANTOM UNITS (WITH DERs)
→ COMMON UNITS (60,333 underlying)
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 restricted 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 subordinated unit is the economic equivalent of one common unit.
- [F4]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.
- [F5]The phantom units vest in three equal annual installments commencing on each of the first, second and third anniversaries of the grant date.
- [F6]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.