4//SEC Filing
Barker William E 4
Accession 0001549848-18-000072
CIK 0001549848other
Filed
Sep 17, 8:00 PM ET
Accepted
Sep 18, 4:16 PM ET
Size
9.5 KB
Accession
0001549848-18-000072
Insider Transaction Report
Form 4
Barker William E
Vice President
Transactions
- Sale
Common Units representing limited partner interests
2018-09-18$12.40/sh−9,444$117,106→ 8,524 total - Exercise/Conversion
Phantom Units
2018-09-14−9,443→ 67,159 totalFrom: 2018-09-14Exp: 2018-09-14→ Common Units (9,443 underlying) - Exercise/Conversion
Common Units representing limited partner interests
2018-09-14+9,443→ 17,968 total
Footnotes (4)
- [F1]Each phantom unit was the economic equivalent of, and was settled for, one Common Unit representing limited partner interests in Hi-Crush Partners, LP (the "Partnership").
- [F2]The sale reported on this Form 4 was effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on August 3, 2018 and represents the number of Common Units sold by the Reporting Person to cover, in part, estimated tax withholding obligations in connection with the vesting of the phantom units for Common Units listed in Table II.
- [F3]The Reporting Person is a participant in the Partnership's First Amended and Restated Long-Term Incentive Plan (the "Plan") and received 18,887 phantom units under the Plan on September 14, 2016. 50% of such phantom units vested on September 14, 2018, as the Reporting Person remained employed during the two-year 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]Includes all phantom units beneficially owned by the Reporting Person following this reported transaction, including previously reported phantom units with varying vesting terms.
Documents
Issuer
Hi-Crush Partners LP
CIK 0001549848
Entity typeother
Related Parties
1- filerCIK 0001660841
Filing Metadata
- Form type
- 4
- Filed
- Sep 17, 8:00 PM ET
- Accepted
- Sep 18, 4:16 PM ET
- Size
- 9.5 KB