4//SEC Filing
Barker William E 4
Accession 0001549848-17-000129
CIK 0001549848other
Filed
Dec 11, 7:00 PM ET
Accepted
Dec 12, 5:45 PM ET
Size
11.9 KB
Accession
0001549848-17-000129
Insider Transaction Report
Form 4
Barker William E
Vice President
Transactions
- Award
Phantom Units
2017-12-08+19,143→ 54,954 total→ Common Units (19,143 underlying) - Award
Phantom Units
2017-12-08+14,286→ 82,002 total→ Common Units (14,286 underlying) - Award
Phantom Units
2017-12-08+12,762→ 67,716 total→ Common Units (12,762 underlying)
Footnotes (4)
- [F1]The reporting person is a participant in the Partnership's First Amended and Restated Long-Term Incentive Plan and received 19,143 phantom units on December 8, 2017. 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, 2019 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 12,762 phantom units on December 8, 2017. If the reporting person remains employed on December 8, 2019, 50% of the phantom units will vest at the end of such two-year vesting period, and if the reporting person remains employed on December 8, 2020, 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 of 14,286 phantom units on December 8, 2017, in addition to the annual long-term value granted (as discussed above in footnote 3). If the reporting person remains employed on December 8, 2019, 50% of the phantom units will vest at the end of such two-year vesting period, and if the reporting person remains employed on December 8, 2020, 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 typeother
Related Parties
1- filerCIK 0001660841
Filing Metadata
- Form type
- 4
- Filed
- Dec 11, 7:00 PM ET
- Accepted
- Dec 12, 5:45 PM ET
- Size
- 11.9 KB