Breitburn Energy Partners LP 4
4 · Breitburn Energy Partners LP · Filed Jan 4, 2016
Insider Transaction Report
Form 4
BUTLER JOHN R JR
Director
Transactions
- Exercise/Conversion
Common Units
2016-01-01+2,868→ 89,713 total - Exercise/Conversion
Restricted Phantom Units
2016-01-01−8,892→ 17,785 total→ Common Units (8,892 underlying) - Exercise/Conversion
Common Units
2016-01-01+3,159→ 86,845 total - Purchase
Common Units
2016-01-04$0.70/sh+20,000$14,100→ 118,605 total - Exercise/Conversion
Restricted Phantom Units
2016-01-01−3,159→ 0 total→ Common Units (3,159 underlying) - Exercise/Conversion
Restricted Phantom Units
2016-01-01−2,868→ 2,868 total→ Common Units (2,868 underlying) - Exercise/Conversion
Common Units
2016-01-01+8,892→ 98,605 total
Footnotes (5)
- [F1]Common Units representing limited partner interests ("common units").
- [F2]Each Restricted Phantom Unit ("RPU") is the economic equivalent of one common unit which includes a distribution equivalent right that entitles the holder to cash distributions at the same rate payable to common unitholders.
- [F3]The RPUs that vested on January 1, 2016 were settled for an equal number of common units.
- [F4]The RPUs that vested on January 1, 2016, were settled for an equal number of common units. On January 1, 2017, the remaining RPUs will be settled for an equal number of common units.
- [F5]The RPUs that vested on January 1, 2016, were settled for an equal number of common units. On each of January 1, 2017, and January 1, 2018, one-half of the remaining RPUs will be settled for an equal number of common units.