4//SEC Filing
Western Refining Logistics, LP 4
Accession 0001209191-16-111154
CIK 0001581908operating
Filed
Mar 29, 8:00 PM ET
Accepted
Mar 30, 8:22 PM ET
Size
13.8 KB
Accession
0001209191-16-111154
Insider Transaction Report
Form 4
Smith Mark J
Executive Vice President
Transactions
- Tax Payment
Common Unit
2016-03-28−2,650→ 29,716 total - Exercise/Conversion
Common Unit
2016-03-28+7,366→ 32,366 total - Exercise/Conversion
Phantom Unit
2016-03-28−7,366→ 22,545 total→ Common Unit (7,366 underlying) - Award
Phantom Unit
2016-03-28+6,740→ 29,285 total→ Common Unit (6,740 underlying)
Holdings
- 4,671(indirect: By Trust)
Common Unit
Footnotes (6)
- [F1]6,916 common units were issued pursuant to a phantom unit award granted to the reporting person on January 31, 2014 (the "2014 Phantom Unit Award") and 450 common units were issued pursuant to a phantom unit award granted to the reporting person on March 26, 2015 (the "2015 Phantom Unit Award"), both of which were settled at the election of the Board of Directors (the "Board") of Western Refining Logistics GP, LLC, the general partner of WNRL, in WNRL common units.
- [F2]These common units were issuable upon vesting of the 2014 Phantom Unit Award and the 2015 Phantom Unit Award, but were withheld to satisfy the reporting person's tax obligations.
- [F3]Each phantom unit represents a contingent right to receive one common unit representing a limited partner interest in WNRL 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 service as an officer.
- [F4]The 2014 Phantom Unit Award and the 2015 Phantom Unit Award each vests ratably over five years on the fourth business day before the end of March in each of the five years following the date of grant. WNRL common units, or at the election of the Board or such committee as may be appointed by the Board, the cash value thereof, will be delivered to the reporting person on or promptly following the vesting date applicable thereto, but not later than the 70th calendar day following the vesting of the phantom units.
- [F5]These phantom units vest ratably over three years on the fourth business day before the end of March in 2017, 2018 and 2019. WNRL common units, or at the election of the Board or such committee as may be appointed by the Board, the cash value thereof, will be delivered to the reporting person on or promptly following the vesting date applicable thereto, but not later than the 70th calendar day following the vesting of the phantom units.
- [F6]This number of derivitive securities includes (a) 20,746 phantom units that remain outstanding pursuant to the 2014 Phantom Unit Award; (b) 1,799 phantom units that remain outstanding pursuant to the 2015 Phantom Unit Award; and (c) 6,740 phantom units that remain outstanding pursuant to the phantom unit award granted to the reporting person on March 28, 2016.
Documents
Issuer
Western Refining Logistics, LP
CIK 0001581908
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001581908
Filing Metadata
- Form type
- 4
- Filed
- Mar 29, 8:00 PM ET
- Accepted
- Mar 30, 8:22 PM ET
- Size
- 13.8 KB