4//SEC Filing
Northern Tier Energy LP 4
Accession 0001209191-16-093163
CIK 0001533454operating
Filed
Jan 21, 7:00 PM ET
Accepted
Jan 22, 5:03 PM ET
Size
10.3 KB
Accession
0001209191-16-093163
Insider Transaction Report
Form 4
Duckworth Rocky L
Director
Transactions
- Exercise/Conversion
Common Unit
2016-01-20+4,846→ 12,317 total - Exercise/Conversion
Phantom Unit
2016-01-20−4,846→ 0 total→ Common Units (4,846 underlying) - Award
Phantom Unit
2016-01-20+4,202→ 4,202 total→ Common Units (4,202 underlying)
Footnotes (4)
- [F1]These common units were issued pursuant to a phantom unit award granted to the reporting person on January 21, 2015 (the "2015 Phantom Unit Award"), settled at the election of the Compensation Committee of the Board of Directors (the "Board") of Northern Tier Energy GP LLC ("NTI GP"), the general partner of NTI, in NTI common units.
- [F2]Each phantom unit represents a contingent right to receive one common unit representing a limited partner interest in NTI 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 services as a director of NTI GP.
- [F3]The 2015 Phantom Unit Award vested on January 20, 2016, and, at the election of the Compensation Committee of the Board, was settled in NTI common units.
- [F4]These phantom units are scheduled to vest on January 18, 2017. The vested common units underlying the phantom units, or the cash value thereof, will be delivered to the reporting person on or promptly following the vesting date applicable thereto, but no later than the 70th calendar day following the vesting of the phantom units.
Documents
Issuer
Northern Tier Energy LP
CIK 0001533454
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001533454
Filing Metadata
- Form type
- 4
- Filed
- Jan 21, 7:00 PM ET
- Accepted
- Jan 22, 5:03 PM ET
- Size
- 10.3 KB