Calumet Specialty Products Partners, L.P. 4
4 · Calumet Specialty Products Partners, L.P. · Filed Nov 4, 2016
Insider Transaction Report
Form 4
Morris George C III
Director
Transactions
- Award
Phantom Units
2016-11-02$3.55/sh+5,634$20,001→ 29,669 total→ Common Units (5,634 underlying) - Award
Phantom Units
2016-11-02$3.55/sh+1,878$6,667→ 5,364 total→ Common Units (1,878 underlying) - Award
Phantom Units
2016-11-03$3.15/sh+31,746$100,000→ 31,746 total→ Common Units (31,746 underlying)
Footnotes (4)
- [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 date pursuant to the Deferred Compensation Plan. 25% of the Phantom Units vest on July 1 of each year beginning on July 1, 2017.
- [F4]25% of the Phantom Units vest on December 31 of each year beginning on December 31, 2016.