Breitburn Energy Partners LP 4
4 · Breitburn Energy Partners LP · Filed Feb 1, 2016
Insider Transaction Report
Form 4
Moroney Gregory J
Director
Transactions
- Award
Restricted Phantom Units
2016-01-28+90,074→ 90,074 total→ Common Units (90,074 underlying) - Award
Phantom Units
2016-01-28+90,074→ 90,074 total→ Common Units (90,074 underlying)
Footnotes (5)
- [F1]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.
- [F2]On each of July 1, 2018, and January 1, 2019, one-half of the RPUs will be settled for an equal number of common units.
- [F3]Common Units representing limited partner interests ("common units").
- [F4]Each Phantom Unit is the economic equivalent of a common unit, which includes a distribution equivalent right that entitles the holder to cash distributions at the same rate payable to common unitholders.
- [F5]On each of July 1, 2017 and January 1, 2018, one-half of the Phantom Units will be settled in cash in an amount equal to the fair market value of the common unit on the applicable vesting date.