JP Energy Partners LP 4
4 · JP Energy Partners LP · Filed May 25, 2016
Insider Transaction Report
Form 4
Welch Patrick Joseph
DirectorSEE REMARKS
Transactions
- Purchase
COMMON UNITS (LIMITED PARTNER INTERESTS)
2016-05-25$7.46/sh+5,000$37,300→ 21,375 total
Holdings
- 12,376
SUBORDINATED UNITS (LIMITED PARTNER INTERESTS)
→ COMMON UNITS (12,376 underlying) - 60,333
PHANTOM UNITS (with DERs)
→ COMMON UNITS (60,333 underlying)
Footnotes (4)
- [F1]Each subordinated unit will convert into one common unit at the end of the subordination period, as described in the Issuer's Annual Report on Form 10-K.
- [F2]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.
- [F3]The phantom units vest in three equal annual installments commencing on each of the first, second and third anniversaries of the grant date.
- [F4]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.