JP Energy Partners LP 4
4 · JP Energy Partners LP · Filed Feb 7, 2017
Insider Transaction Report
Form 4
Sherman Josh
Director
Transactions
- Exercise/Conversion
PHANTOM UNITS (with DERs)
2017-02-05−667→ 10,259 total→ COMMON UNITS (667 underlying) - Exercise/Conversion
COMMON UNITS (LIMITED PARTNER INTERESTS)
2017-02-05$10.00/sh+667$6,670→ 6,333 total
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, 667 units will vest on February 5, 2018. 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.