SUNOCO LOGISTICS PARTNERS L.P. 4
4 · SUNOCO LOGISTICS PARTNERS L.P. · Filed Jan 31, 2014
Insider Transaction Report
Form 4
Angelle Scott A
Director
Transactions
- Award
Restricted Units
2014-01-29+1,334→ 5,483 total→ Common Units (1,334 underlying)
Footnotes (3)
- [F1]Each Restricted Unit represents a contingent right to receive one Common Unit of SXL.
- [F2]This Form 4 is being filed to report a grant of Restricted Units awarded on January 29, 2014 pursuant to the Sunoco Partners LLC ("Company") Long-Term Incentive Plan ("LTIP") in a transaction exempt under Rule 16b-3. The LTIP Restricted Units will vest over a five-year period and is contingent only upon the individual continuing as a Director of the Company at the time of vesting.
- [F3]The Restricted Units will vest 60% after three years and 40% after five years contingent only upon the individual continuing as a Director of the Company at the time of vesting.