4//SEC Filing
JP Energy Partners LP 4
Accession 0001179110-17-004349
CIK 0001523404operating
Filed
Mar 8, 7:00 PM ET
Accepted
Mar 9, 5:29 PM ET
Size
12.5 KB
Accession
0001179110-17-004349
Insider Transaction Report
Form 4
Barley Jason Patrick
DirectorSEE REMARKS
Transactions
- Disposition to Issuer
COMMON UNITS (LIMITED PARTNER INTERESTS)
2017-03-08−6,054→ 0 total - Disposition to Issuer
PHANTOM UNITS (WITH DERS)
2017-03-08−66,666→ 0 total→ Common Units (66,666 underlying) - Disposition to Issuer
COMMON UNITS (LIMITED PARTNER INTERESTS)
2017-03-08−17,663→ 0 total(indirect: By LLC) - Disposition to Issuer
SUBORDINATED UNITS (LIMITED PARTNER INTERESTS)
2017-03-08−125,122→ 0 total(indirect: By LLC)→ Common Units (125,122 underlying)
Footnotes (5)
- [F1]Converted into common units of American Midstream Partners, LP ("AMID") in connection with the merger of the issuer into a wholly-owned subsidiary of AMID effective on March 8, 2017 (the "Merger"). On March 7, 2017, the last trading day of the issuer's common units, the closing price of issuer common units was $9.44 per unit and the closing price of AMID's common units was $16.45 per unit. Each issuer common unit outstanding held by the reporting person was converted into 0.5775 AMID common units at the effective time of the Merger.
- [F2]The units reported on this line are held for the benefit of the Reporting Person's children by JP Energy Holdings, LLC, which is owned by the Barley 2011 Family Trust.
- [F3]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 issuer's common units payable in cash. The phantom units and associated dividend equivalent held by the reporting person were converted into the right to receive 0.5775 AMID phantom units and cash, respectively at the effective time of the Merger and are subject to the same terms and conditions as the issuer phantom units.
- [F4]The phantom units will vest in three equal annual installments commencing on each of the first, second and third anniversaries of the grant date.
- [F5]Each subordinated unit is the economic equivalent of one common unit. Each subordinated unit outstanding held by the reporting person was converted into the right to receive 0.5775 AMID common units at the effective time of the Merger.
Documents
Issuer
JP Energy Partners LP
CIK 0001523404
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001523404
Filing Metadata
- Form type
- 4
- Filed
- Mar 8, 7:00 PM ET
- Accepted
- Mar 9, 5:29 PM ET
- Size
- 12.5 KB