Nerbonne Daniel J 4
4 · PLAINS ALL AMERICAN PIPELINE LP · Filed Mar 26, 2018
Insider Transaction Report
Form 4
Nerbonne Daniel J
EVP - Operations & Engineering
Transactions
- Award
Phantom Units
2018-03-22+25,000→ 25,000 total→ common units (25,000 underlying)
Footnotes (3)
- [F1]Grant of phantom units under Long-Term Incentive Plan (includes associated distribution equivalent rights (payable in cash)).
- [F2]One common unit is deliverable, upon vesting, for each phantom unit that vests.
- [F3]The phantom units will vest on the May 2021 distribution date; provided, however, that 50% of the phantom units may vest prior to that date if and when PAA generates distributable cash flow of $2.30 per unit on a trailing four quarter basis.