Sunoco LP 4
4 · Sunoco LP · Filed Jun 10, 2015
Insider Transaction Report
Form 4
Sunoco LPSUN
OWENS ROBERT W
DirectorPresident and CEO
Transactions
- Award
Phantom Units
2015-06-08$43.73/sh+45,402$1,985,429→ 45,402 total→ Common Units (45,402 underlying)
Footnotes (2)
- [F1]Each phantom unit is the economic equivalent of one common unit representing a limited partner interest in Sunoco LP and represents the right to receive the cash value thereof pursuant to the terms of the Energy Transfer Partners GP, L.P. Nonqualified Deferred Compensation Plan for Former Sunoco Employees (the "DC Plan").
- [F2]The allocation of phantom units is settled in cash following the termination of the reporting person's employment pursuant to the terms of the DC Plan. The reporting person may transfer all or a portion of his phantom unit allocation into an alternative investment account at designated times pursuant to the terms of the DC Plan.