DCP Midstream Partners, LP 4
4 · DCP Midstream Partners, LP · Filed Feb 13, 2015
Insider Transaction Report
Form 4
Richards Michael S
VP, GC & Secretary
Transactions
- Exercise/Conversion
Common Units
2015-02-11$37.04/sh+900$33,336→ 21,597 total - Tax Payment
Common Units
2015-02-11$37.04/sh−203$7,519→ 21,394 total - Disposition to Issuer
Common Units
2015-02-11$37.04/sh−450$16,668→ 20,944 total - Exercise/Conversion
Phantom Common Units
2015-02-11−900→ 1,900 total→ Common Units (900 underlying)
Footnotes (2)
- [F1]Each phantom unit was the economic equivalent of one DPM common unit. Upon the vesting of 900 phantom units granted to the reporting person on February 15, 2012, 50% of the common units were deferred pursuant to the reporting person's prior deferral election under a deferred compensation plan. The deferred common units are settled in cash in the deferred compensation plan. The reporting person settled the remaining phantom units for an equal number of common units and satisfied the withholding tax liability by withholding common units.
- [F2]Under the Company's Long Term Incentive Plan, the phantom units reported on this Form 4 vested on 12/31/2014 and settled as of 02/11/2015.