4//SEC Filing
Friedman Walker C 4
Accession 0001144204-10-043872
CIK 0001357371other
Filed
Aug 12, 8:00 PM ET
Accepted
Aug 13, 8:39 PM ET
Size
6.6 KB
Accession
0001144204-10-043872
Insider Transaction Report
Form 4
Friedman Walker C
Director
Transactions
- Award
Phantom Units
2010-08-13+149→ 6,588 total→ Common Units Representing Limited Partner Interests (149 underlying)
Footnotes (3)
- [F1]Each Phantom Unit is the economic equivalent of one common unit representing a limited partner interest in BBEP (a "commom unit").
- [F2]Represents additional Phantom Units received by the Reporting Person pursuant to the terms of previously granted Distribution Equivalent Rights. Each Distribution Equivalent Right entitles the Reporting Person to additional Phantom Units with a value equal to the amount of distributions paid on each of BBEP's common units. On August 13, 2010, BBEP paid a cash distribution to holders of its common units in an amount equal to 38.25 cents per common unit. Pursuant to the terms of the Distribution Equivalent Rights, the Reporting Person received a number of additional Phantom Units in respect of each Distribution Equivalent Right with a value (based on the closing price of BBEP's common units on the distribution date ($16.49)) equal to the per unit amount of the distribution.
- [F3]The Phantom Units will be settled at the election of BBEP for an equal number of common units or for cash on January 1, 2013.
Documents
Issuer
BreitBurn Energy Partners L.P.
CIK 0001357371
Entity typeother
Related Parties
1- filerCIK 0001488514
Filing Metadata
- Form type
- 4
- Filed
- Aug 12, 8:00 PM ET
- Accepted
- Aug 13, 8:39 PM ET
- Size
- 6.6 KB