VAL TINA L 4
4 · PLAINS ALL AMERICAN PIPELINE LP · Filed Feb 19, 2010
Insider Transaction Report
Form 4
VAL TINA L
Vice President - Acctg & CAO
Transactions
- Award
Phantom Units
2010-02-18+33,000→ 33,000 total→ Common Units (33,000 underlying)
Footnotes (4)
- [F1]Grant of phantom units under Long-Term Incentive Plan (includes associated distribution equivalent rights (payable in cash)).
- [F2]1-for-1 Common Units for Phantom Units granted under long-term incentive plan.
- [F3]One-third will vest upon the later of the May 2013 distribution date and the date we pay a quarterly distribution of at least $0.975 ($3.90 annualized); one-third will vest upon the later of the May 2014 distribution date and the date we pay a quarterly distribution of at least $1.0125 ($4.05 annualized), and one-third will vest upon the later of the May 2015 distribution date and the date we pay a quarterly distribution of at least $1.05 ($4.20 annualized). DERs will vest in equal one-third increments on the dates we pay a quarterly distribution of $0.975 ($3.90 annualized), $1.0125 ($4.05 annualized) and $1.05 ($4.20 annualized), respectively.
- [F4]Any phantom units that have not vested as of the May 2016 distribution date will be forfeited.