4//SEC Filing
Blanchard John S 4
Accession 0000899243-17-029590
CIK 0001583744other
Filed
Dec 25, 7:00 PM ET
Accepted
Dec 26, 8:55 PM ET
Size
8.2 KB
Accession
0000899243-17-029590
Insider Transaction Report
Form 4
Blanchard John S
President-Arc Terminals
Transactions
- Disposition to Issuer
Common units representing limited partner interests
2017-12-21−113,002→ 0 total - Award
Common units representing limited partner interests
2017-12-21+75,000→ 113,002 total
Footnotes (4)
- [F1]Represents vested phantom units subject to performance-based vesting that were awarded under the Issuer's Long-Term Incentive Plan.
- [F2]Includes an adjustment of 42 units that were previously not reflected as beneficially owned as a result of estimating the disposition for tax withholding purposes on account of the partial vesting of units attributable to a previously reported award of 2,095 phantom units.
- [F3]Pursuant to the Purchase Agreement and Plan of Merger (the "Merger Agreement") dated as of August 29, 2017, by and among Zenith Energy U.S., L.P., Zenith Energy U.S. GP, LLC, Zenith Energy U.S. Logistics Holdings, LLC, Zenith Energy U.S. Logistics, LLC, Arc Logistics Partners LP, Arc Logistic GP LLC, Lightfoot Capital Partners, LP and Lightfoot Capital Partners GP LLC, all of the common units and vested phantom units (each representing a contingent right to receive one common unit upon settlement) held by the Reporting Person were cancelled and converted into the right to receive an amount in cash equal to $16.50 per unit, subject to any required withholding taxes. Pursuant to the Merger Agreement, all 16,667 unvested phantom units held by the Reporting Person were converted into the right to receive an amount in cash equal to $16.50 per unit,
- [F4](Continued from footnote 3) subject to any required withholding taxes, on the date such unvested phantom units would vest and be settled in accordance with the applicable terms and conditions of such unvested phantom units (as amended pursuant to the Merger Agreement). Following the payment of the consideration with respect to the Reporting Person's unvested phantom units, such unvested phantom units shall no longer be outstanding and shall cease to exist.
Documents
Issuer
Arc Logistics Partners LP
CIK 0001583744
Entity typeother
Related Parties
1- filerCIK 0001589073
Filing Metadata
- Form type
- 4
- Filed
- Dec 25, 7:00 PM ET
- Accepted
- Dec 26, 8:55 PM ET
- Size
- 8.2 KB