4//SEC Filing
Western Refining Logistics, LP 4
Accession 0001209191-17-023724
CIK 0001581908operating
Filed
Mar 29, 8:00 PM ET
Accepted
Mar 30, 6:47 PM ET
Size
10.7 KB
Accession
0001209191-17-023724
Insider Transaction Report
Form 4
Barfield Lowry
See Remarks
Transactions
- Exercise/Conversion
Phantom Unit
2017-03-28−6,929→ 14,381 total→ Common Unit (6,929 underlying) - Exercise/Conversion
Common Unit
2017-03-28+6,929→ 13,536 total - Tax Payment
Common Unit
2017-03-28−2,505→ 11,031 total
Footnotes (5)
- [F1]4,835 common units were issued pursuant to a phantom unit award granted to the reporting person on January 31, 2014 (the "2014 Phantom Unit Award"), 523 common units were issued pursuant to a phantom unit award granted to the reporting person on March 26, 2015 (the "2015 Phantom Unit Award"), 1,571 common units were issued pursuant to a phantom unit award granted to the reporting person on March 28, 2016 (the "2016 Phantom Unit Award"), all 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, the 2015 Phantom Unit Award, and the 2016 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. The 2016 Phantom Unit Award vests ratably over three years on the fourth business day before the end of March in each of the three 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 each phantom unit.
- [F5]This number of derivative securities includes (a) 9,670 phantom units that remain outstanding pursuant to the 2014 Phantom Unit Award; (b) 1,569 phantom units that remain outstanding pursuant to the 2015 Phantom Unit Award; and (c) 3,142 phantom units that remain outstanding pursuant to the 2016 Phantom Unit Award.
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, 6:47 PM ET
- Size
- 10.7 KB