Oiltanking Partners, L.P. 4
4 · Oiltanking Partners, L.P. · Filed Dec 17, 2013
Insider Transaction Report
Form 4
Griffis David L.
Director
Transactions
- Disposition to Issuer
Common Units
2013-12-15$58.26/sh−1,000$58,259→ 9,129 total - Exercise/Conversion
Phantom Units
2013-12-15−1,000→ 0 total→ Common Units (1,000 underlying) - Exercise/Conversion
Common Units
2013-12-15+1,000→ 10,129 total
Footnotes (2)
- [F1]The Phantom Units were settled through a cash payment upon vesting, and no Common Units were actually acquired or disposed of by the reporting person in connection with vesting and settlement.
- [F2]Each Phantom Unit is the economic equivalent of one Common Unit of Oiltanking Partners, L.P. One hundred percent of the Phantom Units vested on December 15, 2013 and they will be settled on or before December 31, 2013 through a cash payment that will equal the number of vested Phantom Units held by the reporting person on the vesting date, multiplied by the fair market value of a Common Unit on the vesting date, which was $58.259 per Common Unit.