4//SEC Filing
Watkins Gary D. 4
Accession 0001605194-18-000002
CIK 0001569134other
Filed
May 31, 8:00 PM ET
Accepted
Jun 1, 4:46 PM ET
Size
5.8 KB
Accession
0001605194-18-000002
Insider Transaction Report
Form 4
Watkins Gary D.
VP & Chief Accounting Officer
Transactions
- Tax Payment
Common Units representing limited partner interests
2018-05-31$42.69/sh−928$39,616→ 60,365 total
Footnotes (2)
- [F1]3,200 Equity Participation Units (the "EPUs") held by the Reporting Person vested on May 13, 2018. On May 31, 2018, pursuant to an election exercised by the Reporting Person, 928 EPUs were withheld to satisfy his tax withholding obligations related to the vesting of the EPUs. This is not an open market sale of securities.
- [F2]Includes 40,200 unvested EPUs granted to the Reporting Person, of which (i) 3,200 will vest on May 13, 2019, (ii) 2,000 will vest on November 1, 2019, and (iii) 35,000 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 35,000 EPUs described in clause (iii) will expire and terminate and no vesting will occur.
Documents
Issuer
Tallgrass Energy Partners, LP
CIK 0001569134
Entity typeother
Related Parties
1- filerCIK 0001605194
Filing Metadata
- Form type
- 4
- Filed
- May 31, 8:00 PM ET
- Accepted
- Jun 1, 4:46 PM ET
- Size
- 5.8 KB