Richards Michael S 4
4 · DCP Midstream Partners, LP · Filed Feb 16, 2012
Insider Transaction Report
Form 4
Richards Michael S
VP, GC & Secretary
Transactions
- Exercise/Conversion
Common Units
2012-02-15+7,550→ 21,013 total - Tax Payment
Common Units
2012-02-15$48.03/sh−2,403$115,416→ 18,610 total - Exercise/Conversion
Phantom Common Units
2012-02-15−7,550→ 4,410 total→ Common Units (7,550 underlying)
Footnotes (2)
- [F1]Each phantom common unit was the economic equivalent of one DCP common unit. The reporting person settled the phantom common units for an equal number of common units. The withholding tax liability was satisfied by the reporting person by withholding common units incident to the receipt of the common units upon settlement of the phantom common units.
- [F2]Under the Company's Long Term Incentive Plan, the phantom units reported on this Form 4 vested on 12/31/2011 and settled as of 2/15/12.