Breitburn Energy Partners LP 4

4 · Breitburn Energy Partners LP · Filed Sep 14, 2015

Form 4

Period: 2015-09-11

VP, Business Dev.

Transactions

Award
Convertible Phantom Units
2015-09-11+270→ 16,437 total
From: 2015-12-28Exp: 2015-12-28→ Common Units (270 underlying)
Award
Convertible Phantom Units
2015-09-11+306→ 18,572 total
From: 2016-12-28Exp: 2016-12-28→ Common Units (306 underlying)

Footnotes (3)

[F1]Each Convertible Phantom Unit ("CPU") is a phantom equity award which includes a performance distribution right ("PDR") that entitles the holder to distributions at the same rate payable to common unitholders based upon the number of CPUs.
[F2]Represents additional CPUs received by the Reporting Person pursuant to the terms of previously granted PDRs. Each PDR entitles the Reporting Person to additional CPUs with a value equal to the amount of distributions paid on each common unit. On September 11, 2015, BBEP paid a cash distribution to holders of its common units in an amount equal to 4.166 cents per common unit. Pursuant to the terms of the PDRs, the Reporting Person received a number of additional CPUs in respect of each PDR with a value (based on the closing price of BBEP's common units on the distribution date ($2.49)) equal to the per unit amount of the distribution.
[F3]Common Units representing limited partner interests ("common units").

Documents

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