Breitburn Energy Partners LP 4
4 · Breitburn Energy Partners LP · Filed Feb 1, 2016
Insider Transaction Report
Form 4
McFarland Bruce D
Treasurer& Secretary
Transactions
- Award
Restricted Phantom Units
2016-01-28+101,698→ 101,698 total→ Common Units (101,698 underlying) - Award
Phantom Units
2016-01-28+55,232→ 55,232 total→ Common Units (55,232 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 June 28, 2018, and December 28, 2018, 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 June 28, 2017 and December 28, 2017, 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, but in no event settled for less than $0.50 per Phantom Unit.