Ross Houston Clifton III 4
4 · Regency Energy Partners LP · Filed Jun 20, 2007
Insider Transaction Report
Form 4
Ross Houston Clifton III
VP, Fin. Analysis & Planning
Transactions
- Sale
Common Units
2007-06-19$29.64/sh−1,622$48,076→ 13,798 total - Sale
Subordinated Units
2007-06-18$24.00/sh−4,352$104,448→ 36,335 total→ Common Units (4,352 underlying)
Footnotes (2)
- [F1]The units were awarded pursuant to the Issuer's Long-Term Investment Plan (the "Plan") as restricted units and were scheduled to vest in three equal installments on March 8, 2008, 2009 and 2010. Effective June 18, 2007, pursuant to the change in control provisions of the Plan, the vesting of all of the restricted units was accelerated and such units became unrestricted.
- [F2]The subordinated units shall convert into common units on a one-for-one basis after December 31, 2006, upon satisfaction of the conditions for conversion set forth in the Issuer's First Amended and Restated Agreement of Limited Partnership. The conditions are based on the amount of quarterly distributions by the Issuer with respect to its common and subordinated units. The subordinated units have no expiration date.