SUNOCO LOGISTICS PARTNERS L.P. 4
4 · SUNOCO LOGISTICS PARTNERS L.P. · Filed Dec 8, 2015
Insider Transaction Report
Form 4
Galtman Michael D
Controller & CAO
Transactions
- Exercise/Conversion
Common Units
2015-12-05+2,000→ 25,013 total - Award
Restricted Units
2015-12-04+15,567→ 39,858 total→ Common Units (15,567 underlying) - Tax Payment
Common Units
2015-12-05$29.66/sh−725$21,504→ 24,288 total - Exercise/Conversion
Restricted Units
2015-12-05−2,000→ 37,858 total→ Common Units (2,000 underlying)
Footnotes (4)
- [F1]Each Restricted Unit represents a contingent right to receive one Common Unit of SXL.
- [F2]This is a grant of Restricted Units awarded pursuant to the Sunoco Partners LLC ("Company") Long-Term Incentive Plan ("LTIP") in a transaction exempt under Rule 16b-3. The LTIP Restricted Units vest 60% on the December 5th following the third anniversary of the grant date and 40% on the December 5th following the fifth anniversary of the grant date, contingent only upon the continued employment of the reporting person with the Company at the time of vesting.
- [F3]The LTIP Restricted Units vest 60% on the December 5th following the third anniversary of the grant date and 40% on the December 5th following the fifth anniversary of the grant date, contingent only upon the continued employment of the reporting person with the Company at the time of vesting.
- [F4]Not applicable.