Bernier Jean 4
4 · CrossAmerica Partners LP · Filed Aug 10, 2018
Insider Transaction Report
Form 4
Bernier Jean
Director
Transactions
- Award
Phantom Units
2018-08-09+3,116→ 3,116 total→ Common Units (3,116 underlying)
Footnotes (2)
- [F1]Each phantom unit is the economic equivalent of one common unit ("Common Unit") representing a limited partner interest in CrossAmerica Partners, LP, and is accompanied by tandem distribution equivalent rights that entitle the holder to cash payments equal of distributions authorized to be paid to the holders of Common Units.
- [F2]The phantom units will vest in one annual installment on the first anniversary of the grant date, subject to the terms that apply to such award, and when vested will be converted into either cash or common units, at the discretion of the Issuer.