William A Anderson 4
4 · Calumet Specialty Products Partners, L.P. · Filed Aug 7, 2017
Insider Transaction Report
Form 4
William A Anderson
VP - Sales and Marketing
Transactions
- Award
Phantom Units
2017-08-03+87,500→ 87,500 totalExp: 2020-12-31→ Common Units (87,500 underlying)
Footnotes (2)
- [F1]Each Phantom Unit is the economic equivalent of a Calumet Specialty Products Partners, L.P. Common Unit.
- [F2]40% of the Phantom Units will vest on January 1, 2018. An additional, 20% of the Phantom Units will vest at such time, if at all, that the average daily closing price of Calumet Specialty Products Partners, L.P. (the "Partnership") Common Units on the NASDAQ Stock Market LLC ("NASDAQ") during any 120 consecutive calendar day period averages $7 per Common Unit. An additional 20% of the Phantom Units will vest at such time, if at all, that the average daily closing price of the Partnership's Common Units on the NASDAQ during any 120 consecutive calendar day period averages $10 per Common Unit. An additional 20% of the Phantom Units will vest at such time, if at all, that the average daily closing price of the Partnership's Common Units on the NASDAQ during any 120 consecutive calendar day period averages $18 per Common Unit.Settlement will occur on the first to occur of the second anniversary of the reporting person's separation from service, or the issuer's change in control.