TESORO LOGISTICS LP 4
4 · TESORO LOGISTICS LP · Filed Feb 24, 2016
Insider Transaction Report
Form 4
Lamanna James H
Director
Transactions
- Exercise/Conversion
Phantom Units
2016-02-23−1,371→ 0 total→ Common Units - Award
Phantom Units
2016-02-24+2,009→ 2,009 total→ Common Units (2,009 underlying) - Exercise/Conversion
Common Units
2016-02-23+1,371→ 9,785 total
Footnotes (2)
- [F1]Phantom Units, originally granted by Company's Board of Directors on 02/23/2015, vested and automatically converted to Common Units.
- [F2]Phantom units granted to non-employee directors pursuant to the Company's 2011 Long-Term incentive Plan. Units will vest one year from the date of grant, contingent on continued service by the director. If the non-employee director's termination from the board is due to death or disability, director's service phantom units will automatically vest. If termination is due to any other reason, the non-employee director will receive a pro-rated award for the number of full months served as a non-employee director during the vesting period, with such pro-rated award vesting one year from the date of grant. The phantom units are settled upon vesting in common units (on a one-for-one basis).