Griffin David West 4
4 · Calumet Specialty Products Partners, L.P. · Filed Mar 16, 2018
Insider Transaction Report
Form 4
Griffin David West
EVP and CFO
Transactions
- Award
Phantom Units
2018-03-15$7.70/sh+38,961$300,000→ 38,961 total→ Common Units (38,961 underlying)
Footnotes (2)
- [F1]Each Phantom Unit is the economic equivalent of a Calumet Specialty Products Partners, L.P. Common Unit.
- [F2]Phantom Units represent 50% of David West Griffin's annual cash incentive award in lieu of cash. The Phantom Units are 100% vested. The Phantom Units will be settled in Common Units within 30 days of the first to occur of (i) a Change of Control that also constitutes a "change in control" within the meaning of Section 409A and any Internal Revenue Service guidance promulgated with respect to Section 409A and (ii) the fourth anniversary of the grant date.