Lehigh Gas Partners LP 4
4 · Lehigh Gas Partners LP · Filed Mar 18, 2014
Insider Transaction Report
Form 4
German Melinda
Director
Transactions
- Award
Profits Interests
2014-03-14+1,301→ 1,301 totalExercise: $0.00→ Common Units (0 underlying) - Award
Common Units
2014-03-14+1,487→ 1,487 total
Footnotes (3)
- [F1]Represents common units issued under the Lehigh Gas Partners LP 2012 Incentive Award Plan as non-employee director compensation for the year ended December 31, 2013. The number of common units issued was based on the closing price ($26.89) of the Issuer's common units on March 13, 2014, the date prior to the grant date.
- [F2]Represents Profits Interests in LGP Operations LLC, a subsidiary of the Issuer, which may be redeemed for cash or common units, at the discretion of the Issuer (on a basis that is no greater than one common unit of the Issuer (or cash equivalent) for each Profits Interest), no earlier than March 15 of any year beginning on March 15, 2016, as determined by the reporting person.
- [F3]Profits Interests will vest on March 15, 2015, provided that the reporting person was in continuous service as a director as of December 31, 2014.