4//SEC Filing
SUNOCO LOGISTICS PARTNERS L.P. 4
Accession 0001209191-17-001559
CIK 0001161154operating
Filed
Jan 3, 7:00 PM ET
Accepted
Jan 4, 7:55 PM ET
Size
9.9 KB
Accession
0001209191-17-001559
Insider Transaction Report
Form 4
Bray Basil Leon
Director
Transactions
- Exercise/Conversion
Common Units
2016-12-31+1,600→ 8,728 total - Exercise/Conversion
Restricted Units
2016-12-31−1,600→ 10,624 total→ Common Units (1,600 underlying) - Award
Restricted Units
2017-01-03+2,410→ 13,034 total→ Common Units (2,410 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 vests ratably in increments of sixty percent after three years and the additional forty percent after five years. Incremental settlement is contingent upon the individual continuing as a Director of the Company through the end of each vesting cycle.
- [F4]The Restricted Units will vest 60% on December 31, 2019 and 40% on December 31, 2021 contingent upon the individual continuing as a Director of the Company through the end of each vesting cycle.
Documents
Issuer
SUNOCO LOGISTICS PARTNERS L.P.
CIK 0001161154
Entity typeoperating
Related Parties
1- filerCIK 0001161154
Filing Metadata
- Form type
- 4
- Filed
- Jan 3, 7:00 PM ET
- Accepted
- Jan 4, 7:55 PM ET
- Size
- 9.9 KB