4//SEC Filing
LONGMIRE DENNIS B 4
Accession 0001209191-09-024765
CIK 0000879575other
Filed
May 5, 8:00 PM ET
Accepted
May 6, 4:45 PM ET
Size
13.8 KB
Accession
0001209191-09-024765
Insider Transaction Report
Form 4
LONGMIRE DENNIS B
Director
Transactions
- Disposition to Issuer
Phantom Unit
2009-05-04−3,442.92→ 0 total - Disposition to Issuer
Phantom Unit
2009-05-04−2,054.34→ 1,037.58 totalExercise: $0.00→ Phantom Units (2,054.34 underlying) - Award
Phantom Unit
2009-05-04$121.42/sh+2,405.34$292,056→ 2,405.34 total - Disposition to Issuer
Phantom Unit
2009-05-04−1,037.58→ 0 totalExercise: $0.00→ Phantom Units (1,037.58 underlying) - Award
Phantom Unit
2009-05-04$132.26/sh+1,037.58$137,230→ 3,442.92 total
Footnotes (3)
- [F1]This transaction represents the reporting person's right, under Plan I of the Company's deferred compensation plan for outside directors, to a cash settlement of the phantom units awarded under this plan plus accrued distributions, to be settled upon the reporting person's departure from the Company's Board of Directors in cash on a one-for-one basis based upon the average closing price of the Company's common units for the 20 trading days immediately preceding the March 6, 2009 date of Amendment Number One to the reporting person's phantom award agreement dated October 30, 2007.
- [F2]This transaction represents the reporting person's right, by virtue of a board resolution adopted May 4, 2009, to a cash settlement of his annual phantom unit award granted January 15, 2009, plus accrued Quarter 1, 2009 distribution, to be settled in cash on a one-for-one basis based upon the average closing price of the Company's units for the 20 trading days immediately preceding the reporting person's retirement date of May 4, 2009.
- [F3]The prices for this cash pay out are $121.42 for the 2405.34 units under Plan I of the Company's deferred compensation plan for outside directors and $132.26 for the 1037.58 units under Plan II.
Documents
Issuer
TERRA NITROGEN CO L P /DE
CIK 0000879575
Entity typeother
Related Parties
1- filerCIK 0001236303
Filing Metadata
- Form type
- 4
- Filed
- May 5, 8:00 PM ET
- Accepted
- May 6, 4:45 PM ET
- Size
- 13.8 KB