Hi-Crush Partners LP 4
4 · Hi-Crush Partners LP · Filed Mar 2, 2017
Insider Transaction Report
Form 4
Whipkey James M.
DirectorCo-CEO and Director
Transactions
- Exercise/Conversion
Common Units representing limited partner interests
2017-02-28$5.14/sh+20,000$102,800→ 20,100 total - Exercise/Conversion
Purchase Rights for Units
2017-02-28−20,000→ 0 totalExercise: $5.14From: 2017-02-28Exp: 2017-02-28→ Common Units (20,000 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) the reporting person's aggregate dollar amount of contributions made to the Hi-Crush Partners LP Unit Purchase Program ("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. Based on the application of the foregoing formula on the February 28, 2017 purchase date, the reporting person had the right to purchase, and did purchase, 20,000 common units.