Skolos Mark C. 4
4 · Hi-Crush Partners LP · Filed Dec 26, 2018
Insider Transaction Report
Form 4
Skolos Mark C.
General Counsel and Secretary
Transactions
- Award
Phantom Units
2018-12-21+81,424→ 268,338 total→ Common Units (81,424 underlying) - Award
Phantom Units
2018-12-21+81,424→ 186,914 total→ Common Units (81,424 underlying)
Footnotes (3)
- [F1]The Reporting Person is a participant in the the Partnership's First Amended and Restated Long-Term Incentive Plan and received 81,424 phantom units on December 21, 2018. The phantom units vest as follows: if the Partnership's performance for the period from January 1, 2019-December 31, 2021 compared to the performance of the 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, 0% of the units will vest. The number of phantom units that will vest between applicable percentiles will be determined 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 vested terms
- [F3]The reporting person received 81,424 phantom units on December 21, 2018. If the reporting person remains employed on December 21, 2020, 50% of the phantom units will vest at he end of such two-year vesting period, and if the reporting person remains employed on December 21, 2021, 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.