4//SEC Filing
Lehigh Gas Partners LP 4
Accession 0001209191-14-021349
$CAPLCIK 0001538849operating
Filed
Mar 17, 8:00 PM ET
Accepted
Mar 18, 3:04 PM ET
Size
11.4 KB
Accession
0001209191-14-021349
Insider Transaction Report
Form 4
Derstine Tracy A.
Executive VP of Administration
Transactions
- Exercise/Conversion
Common Units
2014-03-15+6,337→ 8,837 total - Award
Profits Interests
2014-03-14+1,620→ 1,620 totalExercise: $0.00→ Common Units (0 underlying) - Exercise/Conversion
Phantom Units
2014-03-15−9,465→ 19,215 totalExercise: $0.00→ Common Units (0 underlying)
Footnotes (4)
- [F1]These common units were acquired as a result of the conversion of phantom units issued in March 2013 which vested on March 15, 2014, less any common units withheld for payment of applicable withholding taxes. Each phantom unit is the economic equivalent of one common unit.
- [F2]The phantom units vested on March 15, 2014.
- [F3]Profits Interests will vest 33% on March 15, 2015, 33% on March 15, 2016, and 34% on March 15, 2017, and, when vested, can be converted into either cash or common units, at the discretion of the Issuer (on a basis that is no greater than one common unit of the Issuer (or cash equivalent) for each Profits Interest), no earlier than March 15 of any year beginning on March 15, 2016, as determined by the reporting person.
- [F4]Represents Profits Interests under the Lehigh Gas Partners LP 2012 Incentive Plan issued to the reporting person in connection with the Issuer's 2013 annual incentive program. The number of Profits Interests issued was based on the value of the award to the reporting person (less any cash received) and closing price ($26.89) of the Issuer's common units on March 13, 2014, the date prior to the grant date.
Issuer
Lehigh Gas Partners LP
CIK 0001538849
Entity typeoperating
Related Parties
1- filerCIK 0001538849
Filing Metadata
- Form type
- 4
- Filed
- Mar 17, 8:00 PM ET
- Accepted
- Mar 18, 3:04 PM ET
- Size
- 11.4 KB