Herbers Jeffrey A 4
4 · Cypress Energy Partners, L.P. · Filed Mar 11, 2020
Insider Transaction Report
Form 4
Herbers Jeffrey A
See Remarks
Transactions
- Tax Payment
Common Units (Limited Partner Interests)
2020-03-09$6.30/sh−713$4,492→ 9,955 total - Exercise/Conversion
Phantom Units (Limited Partner Interests)
2020-03-09−2,503→ 5,008 total→ Common Units (Limited Partner Interests) (2,503 underlying) - Exercise/Conversion
Common Units (Limited Partner Interests)
2020-03-09+2,503→ 10,668 total
Footnotes (3)
- [F1]Each phantom unit is the economic equivalent of one common unit.
- [F2]On March 9, 2017, the Reporting Person was granted 7,511 phantom units which vest in equal installments on March 9, 2020, 2021 and 2022, subject to Reporting Person's continued service with the Issuer through the applicable vesting dates.
- [F3]The phantom units expire upon settlement. The phantom units are settled upon vesting in common units (on a one-for-one basis) or in cash, at the desertion of the Issuer.