Breitburn Energy Partners LP 4
4 · Breitburn Energy Partners LP · Filed Jan 4, 2016
Insider Transaction Report
Form 4
Breitenbach Randall Hart
DirectorCo-Chief Executive Officer
Transactions
- 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+2,868→ 484,356 total - 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→ 493,248 total
Holdings
- 690,751(indirect: The Strand Energy Company)
Common Units
Footnotes (5)
- [F1]Common Units representing limited partner interests ("common units").
- [F2]The reported common units are owned directly by The Strand Energy Company of which Mr. Breitenbach is the 26% owner. The Reporting Person disclaims beneficial ownership of the reported securities, except to the extent of his pecuniary interest
- [F3]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.
- [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.