McCrary Michael Scott 4
4 · American Midstream Partners, LP · Filed Apr 3, 2019
Insider Transaction Report
Form 4
McCrary Michael Scott
VP-Crude Gathering & Logistics
Transactions
- Award
Phantom units
2019-04-01+5,671→ 9,421 total - Exercise/Conversion
Phantom units
2019-04-01−5,671→ 17,014 total→ Common Units (limited partner interests) (5,671 underlying) - Tax Payment
Phantom units
2019-04-01$5.18/sh−1,381$7,154→ 8,040 total
Holdings
- 55,000
Phantom units
→ Common Units (limited partner interests) (55,000 underlying) - 11,250
Phantom units
→ Common Units (limited partner interests) (11,250 underlying)
Footnotes (9)
- [F1]The phantom units were settled upon vesting in common units (on a one for one basis).
- [F2]Phantom units forfeited to cover taxes due upon vesting of such phantom units.
- [F3]The phantom units are settled upon vesting in common units (on a one for one basis) or cash, at the discretion of the issuer.
- [F4]Twenty-five percent (25%) of the phantom units will vest on each of the first four anniversaries of April 1, 2018.
- [F5]The phantom units do not expire.
- [F6]Twenty-five percent (25%) of the phantom units will vest on each of the first four anniversaries of October 13, 2017.
- [F7]Each phantom unit represents the right to receive between one and three common units of the Issuer upon vesting.
- [F8]The phantom units will generally vest, subject to the Reporting Person's continued service through such date, on the earlier of a change in control transaction or November 20, 2022.
- [F9]Represents the target number of common units that may be issued. The actual number of common units issuable upon vesting can range from 100% to 300% of this target and will be determined by multiplying the target award by the quotient of the fair market value of a common unit on the vesting date divided by $16.50 and rounded to two significant figures. Upon vesting, the phantom units may be settled in common units of the Issuer or cash at the discretion of the Issuer.