4//SEC Filing
O'Shea Donald C 4
Accession 0001237769-12-000002
CIK 0001481506other
Filed
Feb 5, 7:00 PM ET
Accepted
Feb 6, 2:59 PM ET
Size
12.7 KB
Accession
0001237769-12-000002
Insider Transaction Report
Form 4
O'Shea Donald C
Chief Accounting Officer
Transactions
- Award
Phantom Units
2012-02-02+7,500→ 7,500 total→ Common Units (7,500 underlying) - Disposition to Issuer
Phantom Units
2012-02-02−7,500→ 0 total→ Common Units (7,500 underlying) - Award
Phantom Units
2012-02-02+7,500→ 7,500 total→ Common Units (7,500 underlying) - Disposition to Issuer
Phantom Units
2012-02-02−7,500→ 0 total→ Common Units (7,500 underlying)
Footnotes (4)
- [F1]The terms of these outstanding phantom units have been modified, resulting in the deemed cancellation of the original phantom units and a grant of replacement phantom units described below. The original phantom units were granted on November 2, 2010.
- [F2]One Common Unit is deliverable, upon vesting, for each phantom units that vests.
- [F3]As modified, these phantom unit awards will vest 30% on the date the Issuer pays an annualized distribution of $1.45 per unit; 30% on the date the Issuer pays an annualized distribution of $1.50 per unit; and 40% on the date the Issuer pays an annualized distribution of $1.55 per unit. Fifty percent of any unvested phantom units that remain outstanding as of the November 2016 distribution date will vest on such date and the remaining 50% will be forfeited.
- [F4]As modified, 100% of these phantom units will vest upon conversion of the Issuer's Series A Subordinated Units into Common Units. Conversion of the Series A Subordinated Units is subject to certain performance conditions set forth in the Issuer's Second Amended and Restated Agreement of Limited Partnership, as amended.
Documents
Issuer
PAA NATURAL GAS STORAGE LP
CIK 0001481506
Entity typeother
Related Parties
1- filerCIK 0001497874
Filing Metadata
- Form type
- 4
- Filed
- Feb 5, 7:00 PM ET
- Accepted
- Feb 6, 2:59 PM ET
- Size
- 12.7 KB