Calumet Specialty Products Partners, L.P. 4
4 · Calumet Specialty Products Partners, L.P. · Filed Mar 3, 2017
Insider Transaction Report
Form 4
Murray Richard Patrick II
Vice President and CFO
Transactions
- Exercise/Conversion
Common Units
2017-03-01+3,600→ 92,435 total - Exercise/Conversion
Common Units
2017-03-01+1,800→ 94,235 total - Exercise/Conversion
Common Units
2017-03-01+1,112→ 98,691 total - Exercise/Conversion
Phantom Units
2017-03-01−3,600→ 7,200 total→ Common Units (3,600 underlying) - Exercise/Conversion
Phantom Units
2017-03-01−1,800→ 1,800 total→ Common Units (1,800 underlying) - Exercise/Conversion
Phantom Units
2017-03-01−3,344→ 6,515 total→ Common Units (3,344 underlying) - Exercise/Conversion
Common Units
2017-03-01+3,344→ 97,579 total - Tax Payment
Common Units
2017-03-01−3,621→ 95,070 total - Exercise/Conversion
Phantom Units
2017-03-01−1,112→ 0 total→ Common Units (1,112 underlying)
Footnotes (6)
- [F1]The reporting person elected to surrender 3,621 common units to satisfy tax withholding liabilities upon delivery of common units in accordance with Rule 16b-3.
- [F2]Each Phantom Unit is the economic equivalent of a Calumet Specialty Products Partners, L.P. Common Unit.
- [F3]25% of the Phantom Units vested immediately and the remaining vest ratably over three years on December 31 of each year beginning on December 31, 2016.
- [F4]25% of the Phantom Units vested immediately and the remaining vest ratably over three years on December 31 of each year beginning on December 31, 2015.
- [F5]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. The reporting person settled the vested phantom units for common units.
- [F6]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, 2013.