4//SEC Filing
PVR PARTNERS, L. P. 4
Accession 0001225208-14-008844
CIK 0001144945operating
Filed
Mar 24, 8:00 PM ET
Accepted
Mar 25, 10:29 AM ET
Size
12.0 KB
Accession
0001225208-14-008844
Insider Transaction Report
Form 4
HORTON KEITH D
Co-President & COO - Coal
Transactions
- Exercise/Conversion
Phantom Units
2014-03-21−34,422→ 0 totalExercise: $0.00→ Common Units (34,422 underlying) - Disposition to Issuer
Common Units
2014-03-21−84,666→ 0 total - Exercise/Conversion
Common Units
2014-03-21+34,422→ 94,080 total - Tax Payment
Common Units
2014-03-21$27.44/sh−9,414$258,320→ 84,666 total
Footnotes (6)
- [F1]- All transactions reported occurred in connection with the merger of PVR Partners, L.P. ("PVR") into Regency Energy Partners LP ("Regency ") effective on March 21, 2014. On March 20, 2014, the last trading day for the PVR common units, the closing price of PVR's common units was $27.44 per unit (the "Closing Price"), and the closing price of Regency's common units was $26.70 per unit. Each PVR common unit outstanding, and each common unit deemed issued and outstanding pursuant to the reported vestings and net exercises, was converted into the right to receive 1.020 Regency common units.- Immediately prior to the merger, each phantom unit vested in full (in the case of performance-based phantom units, based on a target earned percentage of 100%), and a PVR common unit was deemed issued in settlement thereof.
- [F2]Common Units withheld pursuant to exercise of tax withholding right under the terms of the PVR GP, LLC Long-Term Incentive Plan to cover taxes payable upon vesting of phantom units reported in Table II. PVR GP, LLC is the general partner of the Issuer.
- [F3]Closing price for the Issuer's common units on March 20, 2014, the closing price on the last trading day for the PVR common units.
- [F4]All transactions reported occurred in connection with the merger of PVR Partners, L.P. ("PVR") into Regency Energy Partners LP ("Regency ") effective on March 21, 2014. On March 20, 2014, the last trading day for the PVR common units, the closing price of PVR's common units was $27.44 per unit (the "Closing Price"), and the closing price of Regency's common units was $26.70 per unit. Each PVR common unit outstanding, and each common unit deemed issued and outstanding pursuant to the reported vestings and net exercises, was converted into the right to receive 1.020 Regency common units.
- [F5]Each Phantom Unit represents the right to receive one unit of the Issuer's Common Units upon vesting.
- [F6]Vesting of phantom units granted under the terms of the PVR GP LLC Sixth Amended and Restated Long Term Incentive Plan in accordance with reporting person's May 12, 2011, February 17, 2012 and February 13, 2013 Phantom Unit Awards. Each phantom unit represents the right to receive one unit of the Issuer's common units upon vesting.
Documents
Issuer
PVR PARTNERS, L. P.
CIK 0001144945
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001144945
Filing Metadata
- Form type
- 4
- Filed
- Mar 24, 8:00 PM ET
- Accepted
- Mar 25, 10:29 AM ET
- Size
- 12.0 KB