Skolos Mark C. 4
4 · Hi-Crush Partners LP · Filed Feb 14, 2018
Insider Transaction Report
Form 4
Skolos Mark C.
General Counsel and Secretary
Transactions
- Exercise/Conversion
Common Units representing limited partner interests
2018-02-13+7,200→ 76,444 total - Exercise/Conversion
Phantom Units
2018-02-13−7,200→ 123,607 totalFrom: 2018-02-13Exp: 2018-02-13→ Common Units (7,200 underlying)
Footnotes (3)
- [F1]Each phantom unit was the economic equivalent of, and was settled for, one Common Unit representing limited partner interests in the Partnership.
- [F2]The Reporting Person is a participant in the Hi-Crush Partners LP First Amended and Restated Long-Term Incentive Plan and received 8,000 phantom units on February 13, 2015 (the "2015 Performance Award") vesting based on the Partnership's performance compared to the performance of entities in a designated peer group for the three-year period ending December 31, 2017. 90% of the 2015 Performance Award phantom units vested and settled on February 13, 2018 and the remaining 10% of the 2015 Performance Award phantom units expired on that date. 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 vesting phantom units expire upon settlement.
- [F3]Includes all phantom units beneficially owned by the Reporting Person following this reported transaction, including previously reported phantom units with varying vesting terms.