Calumet Specialty Products Partners, L.P. 4
4 · Calumet Specialty Products Partners, L.P. · Filed May 6, 2016
Insider Transaction Report
Form 4
Morris George C III
Director
Transactions
- Award
Phantom Units
2016-05-04$4.01/sh+4,988$20,002→ 19,571 total→ Common Units (4,988 underlying) - Award
Phantom Units
2016-05-04$4.01/sh+1,663$6,669→ 1,998 total→ Common Units (1,663 underlying)
Footnotes (3)
- [F1]Each Phantom Unit is the economic equivalent of a Calumet Specialty Products Partners, L.P. Common Unit.
- [F2]Each Phantom Unit becomes payable either in the form of a Common Unit or the cash value thereof upon the earlier of the date specified by the reporting person or the reporting person's termination date. Phantom Units are 100% vested.
- [F3]Each Phantom Unit becomes payable either in the form of a Common Unit or the cash value thereof upon the earlier of the date specified by the reporting person or the reporting person's termination of service. 25% of the Phantom Units vest on July 1 of each year beginning on July 1, 2017.