4//SEC Filing
Barker William E 4
Accession 0001549848-18-000108
CIK 0001549848other
Filed
Dec 25, 7:00 PM ET
Accepted
Dec 26, 4:13 PM ET
Size
9.0 KB
Accession
0001549848-18-000108
Insider Transaction Report
Form 4
Barker William E
Vice President
Transactions
- Award
Phantom Units
2018-12-21+59,583→ 126,742 total→ Common Units (59,583 underlying) - Award
Phantom Units
2018-12-21+59,584→ 186,326 total→ Common Units (59,584 underlying)
Footnotes (3)
- [F1]The reporting person is a participant in the Partnership's First Amended and Restated Long-Term Incentive Plan and received 59,583 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 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 59,584 phantom units on December 21, 2018. If the reporting person remains employed on December 21, 2020, 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 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.
Documents
Issuer
Hi-Crush Partners LP
CIK 0001549848
Entity typeother
Related Parties
1- filerCIK 0001660841
Filing Metadata
- Form type
- 4
- Filed
- Dec 25, 7:00 PM ET
- Accepted
- Dec 26, 4:13 PM ET
- Size
- 9.0 KB