INERGY L P 4
4 · INERGY L P · Filed Sep 17, 2012
Insider Transaction Report
Form 4
INERGY L PNRGY
OZENBERGER LAURA
SVP - General Counsel
Transactions
- Award
Long Term Incentive Plan
2012-09-14+36,358→ 36,358 totalExercise: $5.62From: 2008-06-20Exp: 2015-06-19→ Common Units (36,358 underlying) - Disposition to Issuer
Long Term Incentive Plan
2012-09-14−36,358→ 0 totalExercise: $9.74From: 2008-06-20Exp: 2015-06-19→ Common Units (36,358 underlying)
Holdings
- 146,262
Common Units
- 7,482(indirect: By Unit Purchase Plan)
Common Units
Footnotes (2)
- [F1]Includes restricted units granted under the Inergy, L.P. Long Term Incentive Plan, as amended.
- [F2]Pursuant to the terms of the Contribution Agreement between Inergy, L.P. (NRGY) and Suburban Propane Partners, L.P. (SPH), NRGY agreed to distribute approximately 14.1 million SPH units to its unitholders. In order to prevent the dilution of value as result of this distribution, the Compensation Committee of the NRGY board of directors approved a reduction to the exercise price of outstanding unit options by the amount of the distribution ratio (.108011) multiplied by the closing price of an SPH unit on the distribution date (September 14). The reduction in exercise price is reflected on this Form 4 as cancellation of the old derivative security and a re-grant of the new derivative security at the new exercise price.