Shea William H JR 4
4 · PENN VIRGINIA RESOURCE PARTNERS L P · Filed Mar 9, 2012
Insider Transaction Report
Form 4
Transactions
- Exercise/Conversion
Common Units
2012-03-08+10,211→ 50,987 total - Tax Payment
Common Units
2012-03-08$24.14/sh−3,423$82,631→ 47,564 total - Exercise/Conversion
Phantom Units
2012-03-08−10,211→ 41,258 totalExercise: $0.00→ Common Units (10,211 underlying)
Footnotes (4)
- [F1]Common Units withheld pursuant to exercise of tax withholding right under the terms of the Penn Virginia Resource GP, LLC Long-Term Incentive Plan to cover taxes payable upon vesting of Phantom Units reported in Table II. Penn Virginia Resource GP, LLC is the general partner of the Issuer.
- [F2]Closing price for the Issuer's Common Units on March 8, 2012, the vesting date.
- [F3]Each Phantom Unit represents the right to receive one unit of the Issuer's Common Units upon vesting.
- [F4]Vesting of Long-Term Incentive Plan Phantom Units in accordance with reporting person's March 8, 2010 Phantom Unit Award. Each Phantom Unit represents the right to receive one unit of the Issuer's Common Units upon vesting.