LONGMIRE DENNIS B 4
4 · TERRA NITROGEN CO L P /DE · Filed Jan 16, 2009
Insider Transaction Report
Form 4
LONGMIRE DENNIS B
Director
Transactions
- Disposition to Issuer
Phantom Unit
2009-01-15$99.99/sh−960.08$95,998→ 0 total - Award
Phantom Unit
2009-01-15$99.99/sh+960.08$95,998→ 960.08 total - Award
Phantom Unit
2009-01-15$104.65/sh+1,012.87$106,000→ 4,321.01 totalExercise: $0.00→ Phantom Unit (1,012.87 underlying) - Disposition to Issuer
Phantom Unit
2009-01-15−960.08→ 3,360.93 totalExercise: $0.00→ Phantom Unit (960.08 underlying)
Footnotes (2)
- [F1]This transaction represents the reporting person's right, under the Company's deferred compensation plan for outside directors, to a cash settlement of the annual phantom unit award plus accrued distributions, to be settled in cash on a one-for-one basis with the Company's common units one year following the date of the award.
- [F2]These units represent outside director's phantom unit awards under the Company's deferred compensation plan for outside directors, and are awarded each January 15. The units along with accrued distributions are settled in cash on a one-for-one basis with the Company's common units one year following the data of award.