4//SEC Filing
Transocean Partners LLC 4
Accession 0001179110-16-032920
CIK 0001607250operating
Filed
Dec 12, 7:00 PM ET
Accepted
Dec 13, 7:17 PM ET
Size
19.2 KB
Accession
0001179110-16-032920
Insider Transaction Report
Form 4
McAllister Kathleen S
DirectorPresident and CEO
Transactions
- Tax Payment
Common Units
2016-12-09$17.83/sh−46,865$835,603→ 84,508 total - Exercise/Conversion
Phantom Units
2016-12-09−12,973→ 0 totalExercise: $0.00→ Common Units (12,973 underlying) - Exercise/Conversion
Phantom Units
2016-12-09−45,802→ 0 totalExercise: $0.00→ Common Units (45,802 underlying) - Exercise/Conversion
Phantom Units
2016-12-09−19,459→ 0 totalExercise: $0.00→ Common Units (19,459 underlying) - Exercise/Conversion
Phantom Units
2016-12-09−45,802→ 0 totalExercise: $0.00→ Common Units (45,802 underlying) - Exercise/Conversion
Common Units
2016-12-09+124,036→ 131,373 total - Disposition to Issuer
Common Units
2016-12-09−84,508→ 0 total - Award
Phantom Units
2016-12-09+45,802→ 45,802 totalExercise: $0.00→ Common Units (45,802 underlying)
Footnotes (5)
- [F1]Immediately prior to the Merger, all of the reporting person's phantom units granted pursuant to Transocean Partners' long-term incentive plan on February 26, 2015 and February 9, 2016 vested in full, and an equal number of Transocean Partners common units were deemed issued in settlement thereof. The phantom units are 1-for-1 common unit equivalents.
- [F2]Not Applicable.
- [F3]Common units automatically withheld upon vesting to satisfy tax withholding obligations.
- [F4]Disposition in connection with the Merger. At the effective time of the Merger, each outstanding common unit of Transocean Partners was converted into the right to receive 1.2000 Transocean Ltd. shares.
- [F5]Performance-based phantom units were acquired on February 9, 2016, pursuant to Transocean Partners' long-term incentive plan, contingent on a performance determination. Immediately prior to the Merger, performance-based phantom unit awards were deemed to have vested in full and resulted in the issuance of an equal number of phantom units, which are 1-for-1 common unit equivalents.
Documents
Issuer
Transocean Partners LLC
CIK 0001607250
Entity typeoperating
IncorporatedMarshall Islands
Related Parties
1- filerCIK 0001607250
Filing Metadata
- Form type
- 4
- Filed
- Dec 12, 7:00 PM ET
- Accepted
- Dec 13, 7:17 PM ET
- Size
- 19.2 KB