4//SEC Filing
O'Shea Donald C 4
Accession 0001237769-13-000002
CIK 0001481506other
Filed
Feb 18, 7:00 PM ET
Accepted
Feb 19, 4:05 PM ET
Size
6.1 KB
Accession
0001237769-13-000002
Insider Transaction Report
Form 4
O'Shea Donald C
Chief Accounting Officer
Transactions
- Award
Phantom Units
2013-02-14+25,000→ 25,000 total→ Common Units (25,000 underlying)
Footnotes (3)
- [F1]Grant of Phantom Units under Issuer's Long-Term Incentive Plan. Includes associated distribution equivalent rights payable in cash.
- [F2]One Common Unit is deliverable, upon vesting, for each phantom unit that vests.
- [F3]These phantom units will vest in one-third tranches on the dates we pay annualized distributions of $1.45, $1.50 and $1.55. Fifty percent of any unvested phantom units in a particular tranche that remain outstanding as of the August 2016, 2017 and 2018 distribution dates will vest on such date and the remaining portion will be forfeited as of the August 2019 distribution date if the applicable performance conditions for such tranche have not been met by such date. DERs associated with these awards will vest in one-third increments on the August 2014, 2015 and 2016 distribution dates, provided that PNG's quarterly distribution remains at least $1.43 (annualized) per unit.
Documents
Issuer
PAA NATURAL GAS STORAGE LP
CIK 0001481506
Entity typeother
Related Parties
1- filerCIK 0001497874
Filing Metadata
- Form type
- 4
- Filed
- Feb 18, 7:00 PM ET
- Accepted
- Feb 19, 4:05 PM ET
- Size
- 6.1 KB