Richards Michael S 4
4 · DCP Midstream Partners, LP · Filed Feb 19, 2013
Insider Transaction Report
Form 4
Richards Michael S
VP, GC & Secretary
Transactions
- Exercise/Conversion
Common Units
2013-02-14+2,460→ 21,070 total - Tax Payment
Common Units
2013-02-14$43.39/sh−413$17,920→ 20,657 total - Disposition to Issuer
Common Units
2013-02-14−1,230→ 19,427 total - Exercise/Conversion
Phantom Common Units
2013-02-14+2,460→ 2,850 total→ Common Units (2,460 underlying)
Footnotes (2)
- [F1]Each unit of phantom common units was the economic equivalent of one unit of DCP common units. Upon the vesting of 2,460 phantom common units granted to the reporting person on March 8, 2010, 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 common 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 12/31/2012 and settled as of 02/14/2013.