Lehigh Gas Partners LP 4
4 · Lehigh Gas Partners LP · Filed Mar 18, 2014
Insider Transaction Report
Form 4
Kimber Warren S. Jr.
Director
Transactions
- Award
Profits Interests
2014-03-14+1,487→ 1,487 totalExercise: $0.00→ Common Units (0 underlying) - Award
Profits Interests
2014-03-14+2,045→ 2,045 totalExercise: $0.00→ Common Units (0 underlying)
Footnotes (4)
- [F1]Represents Profits Interests in LGP Operations LLC, a subsidiary of the Issuer, under the Lehigh Gas Partners LP 2012 Incentive Plan as non-employee director compensation for the year ended December 31, 2013. The number of Profits Interests issued was based on the closing price of ($26.89) of the Issuer's common units on March 13, 2014, the date prior to the grant date. Profits Interests may be redeemed for 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.
- [F2]Profits Interests will vest immediately and can be converted into common units or cash, at the discretion of the Issuer, on March 15 of any year beginning on March 15, 2016, as determined by the reporting person.
- [F3]Represents the Profits Interests under the Lehigh Gas Partners LP 2012 Incentive Plan as non-employee director compensation for the year ended December 31, 2014. The number of Profits Interests issued was based on the closing price of ($26.89) the Issuer's common units on March 13, 2014, the date prior to the grant date.
- [F4]Profits interest units will vest on March 15, 2015, provided that the reporting person was in continuous service as a director as of December 31, 2014, and 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.