Boardwalk Pipeline Partners, LP 4
4 · Boardwalk Pipeline Partners, LP · Filed Feb 8, 2016
Insider Transaction Report
Form 4
Barkauskas Steven A
VP, Controller and CAO
Transactions
- Award
Phantom Units
2016-02-04+23,187→ 23,187 total→ Common Units (23,187 underlying)
Footnotes (2)
- [F1]Each phantom unit is the economic equivalent of one common unit of the Issuer.
- [F2]Except as otherwise provided in the Reporting Person's Phantom Unit Grant Agreement, 50% of the phantom units vest on December 1, 2017 (First Tranche) and the remaining 50% vest on December 1, 2018 (Second Tranche). All phantom units will be settled in cash, but the timing of the cash payment of the First Tranche will be determined by the payment election the Reporting Person is required to make by March 4, 2016. The Reporting Person may elect to have the phantom units paid in connection with the vesting of the First Tranche or deferred until the payment associated with the Second Tranche, except for amounts accelerated and withheld to satisfy applicable tax withholding obligations related to the December 1, 2017, vesting event. The Second Tranche is not subject to a deferral election and will be paid to the Reporting Person within 30 days of the vesting event.