4//SEC Filing
Hi-Crush Partners LP 4
Accession 0001549848-16-000143
CIK 0001549848operating
Filed
Sep 15, 8:00 PM ET
Accepted
Sep 16, 8:36 PM ET
Size
11.8 KB
Accession
0001549848-16-000143
Insider Transaction Report
Form 4
McEver Chad M.
Vice President
Transactions
- Award
Phantom Units
2016-09-14+6,723→ 9,823 total→ Common Units (6,723 underlying) - Award
Phantom Units
2016-09-14+4,481→ 14,304 total→ Common Units (4,481 underlying) - Award
Phantom Units
2016-09-14+3,202→ 17,506 total→ Common Units (3,202 underlying)
Footnotes (4)
- [F1]The reporting person is a participant in the Partnership's Long-Term Incentive Plan (the "Plan") and received 6,723 phantom units on September 14, 2016. The phantom units vest as follows: if the Partnership's performance on average for each calendar quarter for the three-year period ending December 31, 2018 compared to the performance of entities in a designated peer group is (a) at the 75th percentile or above, 200% of the phantom units will vest, (b) at the 50th percentile, 100% of the units will vest, (c) at the 25th percentile, 50% of the units will vest, or (d) below the 25th percentile, 0% of the units will vest. The number of phantom units that will vest between applicable percentiles will be determined by straight-line interpolation. Each phantom unit represents the right to receive, upon vesting, one common unit representing limited partner interests in the Partnership, along with tandem distribution equivalent rights. The phantom units expire upon settlement.
- [F2]Includes all phantom units beneficially owned by the reporting person following this reported transaction, including previously reported phantom units with varying vesting terms.
- [F3]The reporting person received 4,481 phantom units on September 14, 2016. If the reporting person remains employed on September 14, 2018, 50% of the phantom units will vest at the end of such two-year vesting period, and if the reporting person remains employed on September 14, 2019, the remaining 50% of the phantom units will vest at the end of such three-year vesting period. Each phantom unit represents the right to receive, upon vesting, one common unit representing limited partner interests in the Partnership, along with tandem distribution equivalent rights. The phantom units expire upon settlement.
- [F4]The reporting person received a one-time award of time-based vesting value, in addition to the annual long-term value granted, of 3,202 phantom units on September 14, 2016. If the reporting person remains employed on September 14, 2018, 50% of the phantom units will vest at the end of such two-year vesting period, and if the reporting person remains employed on September 14, 2019, the remaining 50% of the phantom units will vest at the end of such three-year vesting period. Each phantom unit represents the right to receive, upon vesting, one common unit representing limited partner interests in the Partnership, along with tandem distribution equivalent rights. The phantom units expire upon settlement.
Documents
Issuer
Hi-Crush Partners LP
CIK 0001549848
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001549848
Filing Metadata
- Form type
- 4
- Filed
- Sep 15, 8:00 PM ET
- Accepted
- Sep 16, 8:36 PM ET
- Size
- 11.8 KB