Griffin David West 4
4 · Calumet Specialty Products Partners, L.P. · Filed Aug 7, 2017
Insider Transaction Report
Form 4
Griffin David West
EVP and CFO
Transactions
- Purchase
Common Units
2017-08-03$5.15/sh+100$515→ 54,452 total - Purchase
Common Units
2017-08-04$5.35/sh+453$2,424→ 54,905 total - Award
Phantom Units
2017-08-03+250,000→ 250,000 totalExp: 2020-12-31→ Common Units (250,000 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.