Hi-Crush Partners LP 4
4 · Hi-Crush Partners LP · Filed Dec 16, 2015
Insider Transaction Report
Form 4
HUFF JOHN R
Director
Transactions
- Award
Purchase Rights for Units
2015-12-14+20,000→ 20,000 totalExercise: $5.14From: 2017-02-28Exp: 2017-02-28→ Common Units (20,000 underlying)
Footnotes (3)
- [F1]The reporting person is a participant in the Hi-Crush Partners LP Long-Term Incentive Plan (the "Plan") and has elected to participate in the Hi-Crush Partners LP Unit Purchase Program (the "UPP") adopted under the Plan. On December 14, 2015, the reporting person was granted the right to purchase, on February 28, 2017 at $5.14 per common unit, up to the number of common units that are equal to (i) the reporting person's aggregate dollar amount of contributions made to the UPP during the period of the UPP's applicability divided by (ii) 5.14; provided that such number of common units shall be capped at 20,000 common units.
- [F2]The number of derivative securities acquired and underlying common units reported on this Form 4 for the reporting person is based on the application of the foregoing formula using the dollar amount of contributions currently elected by the reporting person in his Hi-Crush Partners LP Unit Purchase Program Enrollment Form, but may be reduced based on reductions in the reporting person's elected dollar amount of contributions.
- [F3]The purchase right is only exercisable on February 28, 2017 and does not continue thereafter.