Mills Robert M 4
4 · Calumet Specialty Products Partners, L.P. · Filed Jan 3, 2013
Insider Transaction Report
Form 4
Mills Robert M
VP-Crude Oil Supply
Transactions
- Exercise/Conversion
Phantom Units
2012-12-31−675→ 675 total→ Common Units (675 underlying) - Exercise/Conversion
Common Units
2012-12-31+4,725→ 21,514 total - Exercise/Conversion
Phantom Units
2012-12-31−4,050→ 8,100 total→ Common Units (4,050 underlying)
Footnotes (3)
- [F1]Each Phantom Unit is the economic equivalent of a Calumet Specialty Products Partners, L.P. Common Unit.
- [F2]Each Phantom Unit becomes payable either in the form of a Common Unit or the cash value thereof upon the earlier of the date specified by the reporting person or the reporting person's termination of service. 25% of the Phantom Units vested immediately and the remaining vest ratably over three years on December 31 of each year beginning on December 31, 2011. Tax withholding liabilities will be deducted at a later date when such vested units are issued and delivered.
- [F3]Each Phantom Unit becomes payable either in the form of a Common Unit or the cash value thereof upon the earlier of the date specified by the reporting person or the reporting person's termination of service. 25% of the Phantom Units vested immediately and the remaining vest ratably over three years on December 31 of each year beginning on December 31, 2012. Tax withholding liabilities will be deducted at a later date when such vested units are issued and delivered.