Watkins Gary D. 4
4 · Tallgrass Energy Partners, LP · Filed Aug 3, 2017
Insider Transaction Report
Form 4
Watkins Gary D.
VP & Chief Accounting Officer
Transactions
- Award
Common Units representing limited partner interests
2017-08-02+35,000→ 61,293 total
Footnotes (2)
- [F1]Represents 35,000 unvested Equity Participation Units ("EPUs") granted to the Reporting Person, which will vest on the earliest date on or after April 1, 2021, on which the average compounded annual distribution growth rate for regular quarterly Issuer distributions, based upon the regular quarterly distribution paid by the Issuer on, or immediately prior to, such date is at least 5% over an annualized distribution rate of $3.34 per common unit, as determined by the board of directors of the general partner of the Issuer (the "Distribution Hurdle Date"). If the Distribution Hurdle Date has not occurred by August 2, 2024, the EPUs will expire and terminate and no vesting will occur.
- [F2]Includes 43,400 unvested EPUs granted to the Reporting Person, of which (i) 3,200 will vest on May 13, 2018, (ii) 3,200 will vest on May 13, 2019, (iii) 2,000 will vest on November 1, 2019, and (iv) 35,000 will vest in accordance with the terms described in footnote 1.