4//SEC Filing
Breitburn Energy Partners LP 4
Accession 0001357371-15-000182
CIK 0001357371operating
Filed
Aug 16, 8:00 PM ET
Accepted
Aug 17, 5:36 PM ET
Size
8.5 KB
Accession
0001357371-15-000182
Insider Transaction Report
Form 4
PEASE MARK L
COO & Executive V.P.
Transactions
- Award
Convertible Phantom Units
2015-08-14+829→ 55,723 totalFrom: 2015-12-28Exp: 2015-12-28→ Common Units (829 underlying) - Award
Convertible Phantom Units
2015-08-14+936→ 62,954 totalFrom: 2016-12-28Exp: 2016-12-28→ Common Units (936 underlying)
Footnotes (3)
- [F1]Each Convertible Phantom Unit ("CPU") is a phantom equity award which includes a performance distribution right ("PDR") that entitles the holder to distributions at the same rate payable to common unitholders based upon the number of CPUs.
- [F2]Represents additional CPUs received by the Reporting Person pursuant to the terms of previously granted PDRs. Each PDR entitles the Reporting Person to additional CPUs with a value equal to the amount of distributions paid on each common unit. On August 14, 2015, BBEP paid a cash distribution to holders of its common units in an amount equal to 4.166 cents per common unit. Pursuant to the terms of the PDRs, the Reporting Person received a number of additional CPUs in respect of each PDR with a value (based on the closing price of BBEP's common units on the distribution date ($2.76)) equal to the per unit amount of the distribution.
- [F3]Common Units representing limited partner interests ("common units").
Documents
Issuer
Breitburn Energy Partners LP
CIK 0001357371
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001357371
Filing Metadata
- Form type
- 4
- Filed
- Aug 16, 8:00 PM ET
- Accepted
- Aug 17, 5:36 PM ET
- Size
- 8.5 KB