SUNOCO LOGISTICS PARTNERS L.P. 4
4 · SUNOCO LOGISTICS PARTNERS L.P. · Filed Jan 5, 2016
Insider Transaction Report
Form 4
Bray Basil Leon
Director
Transactions
- Exercise/Conversion
Restricted Units
2015-12-31−4,978→ 8,324 total→ Common Units (4,978 underlying) - Exercise/Conversion
Common Units
2015-12-31+4,978→ 6,978 total - Award
Restricted Units
2016-01-04+3,900→ 12,224 total→ Common Units (3,900 underlying)
Footnotes (4)
- [F1]Each Restricted Unit represents a contingent right to receive one Common Unit of SXL.
- [F2]Not applicable.
- [F3]This Form 4 is being filed to report a grant of Restricted Units pursuant to the Sunoco Partners LLC ("Company") Amended and Restated Long-Term Incentive Plan ("LTIP") in a transaction exempt under Rule 16b-3. These restricted units vest ratably in increments of sixty percent after three years and the additional forty percent after five years. Incremental settlement is contingent only upon the individual continuing as a Director of the Company through the end of each vesting cycle.
- [F4]The Restricted Units will vest incrementally over five years contingent only upon the individual continuing as a Director of the Company through the end of each vesting cycle.