Home/Filings/4/0001733239-19-000004
4//SEC Filing

Valencia Gerardo 4

Accession 0001733239-19-000004

CIK 0001538849other

Filed

Nov 20, 7:00 PM ET

Accepted

Nov 21, 4:48 PM ET

Size

17.2 KB

Accession

0001733239-19-000004

Insider Transaction Report

Form 4
Period: 2019-11-19
Valencia Gerardo
DirectorPresident
Transactions
  • Exercise/Conversion

    Common Units

    2019-11-19+4,6774,677 total
  • Exercise/Conversion

    Phantom Performance Units

    2019-11-19+4,6770 total
    From: 2021-08-09Common Units (4,677 underlying)
  • Exercise/Conversion

    Phantom Performance Units

    2019-11-19+5,0820 total
    From: 2022-07-18Common Units (5,082 underlying)
  • Exercise/Conversion

    Common Units

    2019-11-19+5,0829,759 total
Footnotes (4)
  • [F1]On November 19, 2019 CST Brands, LLC ("Seller"), CST GP, LLC, CST Brands Holdings, LLC, certain subsidiaries of Seller (collectively, the "Seller Group"), Lehigh Gas GP Holdings LLC (the "GP Buyer"), Dunne Manning CAP Holdings II LLC (the "IDR Buyer"), and Dunne Manning Cap Holdings I LLC (the "LP Buyer" and collectively with the GP Buyer and the IDR Buyer, the "Buyers") entered into a Securities Purchase Agreement (the "SPA"). At the discretion of the Issuer and contingent upon the execution of and under the terms of the SPA, each award of unvested Phantom units outstanding immediately prior to the effective time of the SPA became fully vested and was converted into common units on a one-for-one basis.
  • [F2]Each Performance Unit represents a contingent right to receive one unit of the Issuer's Common Units.
  • [F3]On August 9, 2018, the reporting person was granted 4,677 Performance Units that vest three years from the grant date. See Note 1 regarding the conversion of the outstanding Performance Units.
  • [F4]On July 18, 2019, the reporting person was granted 5,082 Performance Units that vest three years from the grant date. See Note 1 regarding the conversion of outstanding Performance Units.