4//SEC Filing
Bairrington Phillip David 4
Accession 0001534701-22-000026
CIK 0001572910other
Filed
Jan 19, 7:00 PM ET
Accepted
Jan 20, 6:28 PM ET
Size
12.8 KB
Accession
0001534701-22-000026
Insider Transaction Report
Form 4
Bairrington Phillip David
Director
Transactions
- Award
Phantom Units
2022-01-20+2,389→ 2,389 total→ Common Units (2,389 underlying) - Exercise/Conversion
Common Units (Limited Partner Interests)
2022-01-20+1,650→ 45,348 total - Disposition to Issuer
Common Units (Limited Partner Interests)
2022-01-20$43.96/sh−1,650$72,538→ 43,698 total - Purchase
Common Units (Limited Partner Interests)
2022-01-20$44.46/sh+1,630$72,470→ 45,328 total - Exercise/Conversion
Phantom Units
2022-01-20−1,650→ 0 totalFrom: 2022-01-15→ Common Units (1,650 underlying)
Footnotes (8)
- [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]In accordance with Rule 10b5-1, on November 14, 2018, the reporting person gave instructions to purchase common units with the cash payment received upon settlement of the 1,650 phantom units reported on this Form 4.
- [F4]Each phantom unit is the economic equivalent of one common unit of Phillips 66 Partners LP.
- [F5]The phantom units do not have an expiration date.
- [F6]The plan actually 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).
- [F7]Annual grant to non-employee directors of phantom units.
- [F8]Phantom units vest on the third anniversary of the grant.
Documents
Issuer
PHILLIPS 66 PARTNERS LP
CIK 0001572910
Entity typeother
Related Parties
1- filerCIK 0001682473
Filing Metadata
- Form type
- 4
- Filed
- Jan 19, 7:00 PM ET
- Accepted
- Jan 20, 6:28 PM ET
- Size
- 12.8 KB