4//SEC Filing
Western Refining Logistics, LP 4
Accession 0001209191-15-030291
CIK 0001581908operating
Filed
Mar 29, 8:00 PM ET
Accepted
Mar 30, 8:29 PM ET
Size
12.6 KB
Accession
0001209191-15-030291
Insider Transaction Report
Form 4
Jewell William R
Chief Accounting Officer
Transactions
- Exercise/Conversion
Phantom Unit
2015-03-26−3,163→ 12,650 total→ Common Unit (3,163 underlying) - Tax Payment
Common Unit
2015-03-26$29.48/sh−862$25,412→ 2,301 total - Award
Phantom Unit
2015-03-26+899→ 13,549 total→ Common Unit (899 underlying) - Exercise/Conversion
Common Unit
2015-03-26+3,163→ 3,163 total
Footnotes (6)
- [F1]These common units were issued pursuant to a phantom unit award granted to the reporting person on January 31, 2014 (the "2014 Phantom Unit Award"), settled at the election of the Board of Directors (the "Board") of Western Refining Logistics GP, LLC, the general partner of WNRL, in WNRL common units.
- [F2]These common units were issuable upon vesting of the 2014 Phantom Unit Award but were withheld to satisfy the reporting person's tax obligations.
- [F3]Each phantom unit represents a contingent right to receive one common unit representing a limited partner interest in WNRL or, at the election of the Board, or such committee as may be appointed by the Board, the cash value thereof. The phantom units were awarded as compensation for service as an officer.
- [F4]The 2014 Phantom Unit Award vests ratably over five years on the fourth business day before the end of March in each of the five years following the date of grant. Upon vesting, the units or the cash value thereof will be delivered to the reporting person on or promptly following the vesting date, but not later than the 70th calendar day following the vesting of the phantom units.
- [F5]The phantom units vest ratably over five years on the fourth business day before the end of March 2016, 2017, 2018, 2019 and 2020. The vested common units underlying the phantom units, or the value thereof, will be delivered to the reporting person on or promptly following the vesting date applicable thereto, but not later than the 70th calendar day following the vesting of the phantom units.
- [F6]This number of derivitive securities includes (a)12,650 phantom units that remain outstanding pursuant to the 2014 Phantom Unit Award; (b) 899 phantom units that remain outstanding pursuant to the phantom unit award granted to the reporting person on March 26, 2015.
Documents
Issuer
Western Refining Logistics, LP
CIK 0001581908
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001581908
Filing Metadata
- Form type
- 4
- Filed
- Mar 29, 8:00 PM ET
- Accepted
- Mar 30, 8:29 PM ET
- Size
- 12.6 KB