4//SEC Filing
Hi-Crush Partners LP 4
Accession 0001549848-17-000032
CIK 0001549848operating
Filed
Mar 1, 7:00 PM ET
Accepted
Mar 2, 7:54 PM ET
Size
10.2 KB
Accession
0001549848-17-000032
Insider Transaction Report
Form 4
Barker William E
Vice President
Transactions
- Exercise/Conversion
Common Units
2017-02-28$5.14/sh+17,298$88,912→ 18,838 total - Sale
Common Units
2017-02-28$17.69/sh−4,100$72,521→ 14,738 total - Exercise/Conversion
Purchase Rights for Units
2017-02-28−17,298→ 0 totalExercise: $5.14From: 2017-02-28Exp: 2017-02-28→ Common Units (17,298 underlying)
Footnotes (4)
- [F1]Exercise of purchase rights for common units exempt under Rule 16b-3.
- [F2]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) his elected percentage of compensation multiplied by (ii) his actual eligible compensation during the period of the Hi-Crush Partners LP Unit Purchase Program's ("UPP") applicability, divided by (iii) 5.14; provided that such number of common units shall be capped at 20,000 common units. The number of derivative securities acquired and underlying common units reported on his Form 4 filed December 16, 2015, which was 16,643, was based on the application of the foregoing formula using his elected percentage of compensation and amount of eligible compensation at such time. Due to increases in his actual eligible compensation, based on the application of the foregoing formula on the February 28, 2017 purchase date, he had the right to purchase, and did purchase, 17,298 common units.
- [F3]The sale reported in this Form 4 was effected pursuant to a 10b5-1 trading plan adopted by the person on December 9, 2016 and represents the number of common units sold by the reporting person to cover estimated tax withholding obligations in connection with the vesting of the Purchase Rights for Units listed in Table II.
- [F4]The price reported in Column 4 is a weighted average price. The common units were sold in multiple transactions at prices ranging from $17.45 to $17.90, inclusive. The reporting person undertakes to provide to Hi-Crush Partners LP, any security holder of Hi-Crush Partners LP, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of common units sold at each separate price within the range set forth in this footnote.
Documents
Issuer
Hi-Crush Partners LP
CIK 0001549848
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001549848
Filing Metadata
- Form type
- 4
- Filed
- Mar 1, 7:00 PM ET
- Accepted
- Mar 2, 7:54 PM ET
- Size
- 10.2 KB