Westmoreland Resource Partners, LP 4
4 · Westmoreland Resource Partners, LP · Filed Jan 5, 2015
Insider Transaction Report
Form 4
Maher Daniel M.
Sr. VP & Chief Legal Officer
Transactions
- Exercise/Conversion
Phantom Units
2014-12-31−1,909→ 0 total→ Common Units (1,909 underlying) - Exercise/Conversion
Phantom Units
2014-12-31−9,147→ 0 total→ Common Units (9,147 underlying) - Award
Common Units (Limited Partnership Interests)
2014-12-31+13,098→ 14,566 total - Exercise/Conversion
Common Units (Limited Partnership Interests)
2014-12-31+11,430→ 25,996 total - Tax Payment
Common Units (Limited Partnership Interests)
2014-12-31$1.00/sh−9,819$9,858→ 16,544 total - Exercise/Conversion
Phantom Units
2014-12-31−374→ 0 total→ Common Units (374 underlying)
Footnotes (5)
- [F1]Each phantom unit is the economic equivalent of one common unit. The phantom units do not expire. The phantom units are settled upon vesting in common units (on a one-for-one basis) or in cash, at the discretion of the Issuer.
- [F2]Pursuant to a restructuring and related transactions (collectively, the "Reorganization") more fully described in the Issuer's Definitive Proxy Statement filed with the Securities and Exchange Commission on December 1, 2014, the unvested phantom units reported on this line item became fully vested upon a change in control and were settled upon vesting in common units (on a one-for-one basis)
- [F3]Gives effect to a 12-to-1 reverse split (the "Reverse Split") of the Issuer's common units that occurred pursuant to the Reorganization.
- [F4]Represents common units received upon the vesting of performance-based phantom units due to the Reorganization.
- [F5]Includes 367 common units (after giving effect to the Reverse Split) issued as a dividend to the holders of the Issuer's common units on a pro rata basis in connection with the Reorganization.