SUNOCO LOGISTICS PARTNERS L.P. 4/A
4/A · SUNOCO LOGISTICS PARTNERS L.P. · Filed Jan 11, 2017
Insider Transaction Report
Form 4/AAmended
Angelle Scott A
Director
Transactions
- Award
Restricted Units
2017-01-03+4,170→ 14,794 total→ Common Units (4,170 underlying)
Footnotes (3)
- [F1]Each Restricted Unit represents a contingent right to receive one Common Unit of SXL.
- [F2]This Form 4/A is being filed to correct the number of Restricted Units previously reported that were granted 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 only upon the individual continuing as a Director of the Company through the end of each vesting cycle.
- [F3]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.