Summit Midstream Partners, LP 4
4 · Summit Midstream Partners, LP · Filed Sep 30, 2015
Insider Transaction Report
Form 4
Casadaban Rene L
See Remarks
Transactions
- Exercise/Conversion
Common Units
2015-09-28+8,750→ 11,336 total - Tax Payment
Common Units
2015-09-28$16.76/sh−323$5,413→ 11,013 total - Disposition to Issuer
Distribution Equivalent Rights
2015-09-28−8,750→ 0 totalExercise: $5.46→ Common Units (8,750 underlying) - Exercise/Conversion
Phantom Units
2015-09-28−8,750→ 0 total→ Common Units (8,750 underlying)
Footnotes (3)
- [F1]Each phantom unit is the economic equivalent of one common unit.
- [F2]All phantom units subject to the original award agreement vested on September 28, 2015. The Reporting Person received distribution equivalent rights (DERs) for each phantom unit, providing for payment on the vesting date of a lump sum of cash equal to the accrued distributions from and after the grant date of the phantom units.
- [F3]The phantom units do not expire. The phantom units are settled upon vesting in common units (on a one-for-one basis) or in cash, at the discretion of the Issuer.