JP Energy Partners LP 4
4 · JP Energy Partners LP · Filed Dec 6, 2016
Insider Transaction Report
Form 4
Chen Shiming
SEE REMARKS
Transactions
- Tax Payment
SUBORDINATED UNITS (LIMITED PARTNER INTERESTS)
2016-12-05−489→ 5,751 total→ COMMON UNITS (489 underlying) - Tax Payment
COMMON UNITS (LIMITED PARTNER INTERESTS)
2016-12-05$8.72/sh−120$1,046→ 8,826 total
Holdings
- 41,424
PHANTOM UNITS (with DERs)
→ COMMON UNITS (41,424 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]Of the phantom units granted on July 7, 2015, 2 installments totaling 14,450 units vest April 1, 2017 and April 1, 2018, respectively. Of the phantom units granted on April 1, 2015, 4,000 units vest in one single installment on April 1, 2018. All remaining phantom units vest in 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.