Hi-Crush Partners LP 4
4 · Hi-Crush Partners LP · Filed Mar 2, 2017
Insider Transaction Report
Form 4
McEver Chad M.
Vice President
Transactions
- Exercise/Conversion
Common Units representing limited partner interests
2017-02-28$5.14/sh+17,848$91,739→ 17,848 total - Exercise/Conversion
Purchase Rights for Units
2017-02-28−17,848→ 0 totalExercise: $5.14From: 2017-02-28Exp: 2017-02-28→ Common Units (17,848 underlying)
Footnotes (2)
- [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 17,455, 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, 17,848 common units.