JP Energy Partners LP 4
4 · JP Energy Partners LP · Filed May 16, 2016
Insider Transaction Report
Form 4
Sherman Josh
Director
Transactions
- Award
PHANTOM UNITS (with DERs)
2016-05-12+9,592→ 10,926 total→ COMMON UNITS (9,592 underlying)
Holdings
- 5,666
COMMON UNITS (LIMITED PARTNER INTERESTS)
Footnotes (3)
- [F1]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.
- [F2]The phantom units vest in three equal annual installments. Of the phantom units granted on February 5, 2015, 2 installments totaling 1,334 units vest equally on February 5, 2017 and February 5, 2018, respectively. All remaining phantom units vest commencing on April 1, 2017, 2018 and 2019, respectively.
- [F3]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.