SUNOCO LOGISTICS PARTNERS L.P. 4
4 · SUNOCO LOGISTICS PARTNERS L.P. · Filed Jan 6, 2015
Insider Transaction Report
Form 4
Bray Basil Leon
Director
Transactions
- Award
Restricted Units
2015-01-02+2,336→ 13,302 total→ Common Units (2,336 underlying)
Footnotes (4)
- [F1]Each Restricted Unit represents a contingent right to receive one Common Unit of Sunoco Logistics Partners L.P. (SXL).
- [F2]This Form 4 is being filed to report a grant of restricted units pursuant to the Sunoco Partners LLC ("Company") Amended and Restated Long-Term Incentive Plan in a transaction exempt under Rule 16b-3. These restricted units vest ratably in increments of sixty percent after three years and the additional forty percent after five years. Incremental settlement is contingent only upon the individual continuing as a Director of the Company through the end of each vesting cycle.
- [F3]The Restricted Units will vest incrementally over five years contingent only upon the individual continuing as a Director of the Company through the end of each vesting cycle.
- [F4]On June 12, 2014, the Common Units of SXL split 2-for-1 resulting in the reporting person's ownership of 5,483 additional Restricted Units.