O'Toole Joseph 4

4 · PHILLIPS 66 PARTNERS LP · Filed Jan 20, 2022

Form 4

Period: 2022-01-20

Director

Transactions

Exercise/Conversion
Common Units (Limited Partner Interests)
2022-01-20+1,650→ 11,650 total
Disposition to Issuer
Common Units (Limited Partner Interests)
2022-01-20$43.96/sh−1,650$72,538→ 10,000 total
Exercise/Conversion
Phantom Units
2022-01-20−1,650→ 0 total
From: 2022-01-15→ Common Units (1,650 underlying)
Award
Phantom Units
2022-01-20+2,389→ 2,389 total
→ Common Units (2,389 underlying)

Holdings

Footnotes (7)

[F1]These transactions do not represent the actual purchase and sale of common units by the reporting person. In accordance 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 14, 2022.
[F3]Each phantom unit is the economic equivalent of one common unit of Phillips 66 Partners LP.
[F4]The phantom units do not have an expiration date.
[F5]The plan dictates January 15th as the grant date, but due to that being a holiday weekend, the reporting person was not notified of the transaction until the 20th, which is the transaction date per Rule 16a-3(g).
[F6]Annual grant to non-employee directors of phantom units.
[F7]Phantom units vest on the third anniversary of the grant.

Documents

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