Crestwood Midstream Partners LP 4
4 · Crestwood Midstream Partners LP · Filed May 12, 2015
Insider Transaction Report
Form 4
Moxley Joel D
SVP - Operations Services
Transactions
- Award
Phantom Units
2015-05-08+581.266→ 21,577.734 total→ Common Units (581.266 underlying)
Holdings
- 19,891
Common Units
Footnotes (4)
- [F1]Includes restricted units granted under the Crestwood Midstream Partners LP Long Term Incentive Plan.
- [F2]Each phantom unit is the economic equivalent of one common unit representing a limited partnership interest in CMLP.
- [F3]Represents additional Phantom Units received by the Reporting Person pursuant to the terms of previously granted Distribution Equivalent Rights. Each Distribution Equivalent Right entitles the Reporting Person to additional Phantom Units with a value equal to the amount of distributions paid on each of CMLP's common units. On May 15, 2015, CMLP will pay a quarterly cash distribution to holders of its common units in an amount equal to $0.41 per common unit. Pursuant to the terms of the Distribution Equivalent Rights, the Reporting Person receives a number of additional Phantom Units in respect of each Distribution Equivalent Right with a value (based on the closing price of CMLP's common units on the record date ($14.81) equal to the per unit amount of the distribution.
- [F4]The forfeiture restrictions on the phantom units shall lapse, and the phantom units shall vest and convert to an equal number of common units on the third (3rd) anniversary of the grant date.