Rose Rock Midstream, L.P. 4
4 · Rose Rock Midstream, L.P. · Filed Sep 30, 2016
Insider Transaction Report
Form 4
CHEESEMAN CANDICE L
General Counsel & Sec. of GP
Transactions
- Disposition to Issuer
Common Units representing limited partner interests
2016-09-30−7,938→ 0 total - Disposition to Issuer
Common Units representing limited partner interests
2016-09-30−8,461→ 0 total(indirect: By Trust)
Footnotes (4)
- [F1]On September 30, 2016, pursuant to an Agreement and Plan of Merger entered into by Rose Rock Midstream, L.P. ("RRMS"), Rose Rock Midstream GP, LLC, SemGroup Corporation ("SemGroup"), and PBMS, LLC: (1) each outstanding common unit representing limited partner interests in RRMS (each a "Common Unit") held by the Reporting Person (but excluding any RRMS Common Units subject to outstanding restricted unit awards held by the Reporting Person) converted into 0.8136 (the "Exchange Ratio") shares of validly issued, fully paid and non-assessable SemGroup Class A common stock, par value $0.01 per share (the "Common Unit Exchange") and (2) each outstanding RRMS restricted unit award held by the Reporting Person converted into an award with respect to shares of SemGroup based on the Exchange Ratio, subject to the same vesting and forfeiture provisions as were applicable to such RRMS restricted unit award (the "Restricted Unit Exchange").
- [F2]Giving effect to the Common Unit Exchange and the Restricted Unit Exchange, the Reporting Person no longer owns, directly or indirectly, any RRMS Common Units.
- [F3]On September 30, 2016, Reporting Person no longer had a reportable beneficial interest in 50 RRMS Common Units owned by son which were included in the Reporting Person's prior ownership reports.
- [F4]RRMS Common Units held of record by Berman-Cheeseman Family Trust dated 9/16/2013 of which Ms. Cheeseman and her husband are co-trustees. Each trustee has independent control and voting power over the Trust.