Bairrington Phillip David 4

4 · PHILLIPS 66 PARTNERS LP · Filed Jan 20, 2021

Form 4

Period: 2021-01-15

Director

Transactions

Exercise/Conversion
Common Units (Limited Partner Interests)
2021-01-16+1,442→ 43,695 total
Purchase
Common Units (Limited Partner Interests)
2021-01-20$30.06/sh+1,445$43,437→ 43,698 total
Exercise/Conversion
Phantom Units
2021-01-16−1,442→ 0 total
From: 2021-01-16→ Common Units (Limited Partner Interests) (1,442 underlying)
Disposition to Issuer
Common Units (Limited Partner Interests)
2021-01-16$30.33/sh−1,442$43,736→ 42,253 total
Award
Phantom Units
2021-01-15+3,462→ 3,462 total
→ Common Units (Limited Partner Interests) (3,462 underlying)

Footnotes (7)

[F1]These transactions do not represent the actual purchase and sale of common units by the reporting person. In accordance with reporting requirements, they represent the cash settlement of a phantom unit award.
[F2]The price reflected above is the average of the high and the low price of the Company's common unit on January 15, 2021.
[F3]In accordance with Rule 10b5-1, on December 7, 2017, the reporting person gave instructions to purchase common units with the cash payment received upon settlement of the 1,442 phantom unit reported on this Form 4.
[F4]Each phantom unit is the economic equivalent of one common unit of Phillips 66 Partners LP.
[F5]Annual grant to non-employee directors of phantom units.
[F6]Phantom units vest on the third anniversary of the grant.
[F7]The phantom units do not have an expiration date.

Documents

1 file