Barker William E 4
4 · Hi-Crush Partners LP · Filed Feb 14, 2018
Insider Transaction Report
Form 4
Barker William E
Vice President
Transactions
- Exercise/Conversion
Common Units representing limited partner interests
2018-02-13+2,430→ 18,192 total - Exercise/Conversion
Common Units representing limited partner interests
2018-02-13+2,700→ 20,892 total - Exercise/Conversion
Phantom Units
2018-02-13−2,430→ 79,302 totalFrom: 2018-02-13Exp: 2018-02-13→ Common Units (2,430 underlying) - Exercise/Conversion
Phantom Units
2018-02-13−2,700→ 76,602 totalFrom: 2018-02-13Exp: 2018-02-13→ Common Units (2,700 underlying)
Footnotes (4)
- [F1]Each phantom unit was the economic equivalent of, and was settled for, one Common Unit representing limited partner interests in the Partnership.
- [F2]The Reporting Person is a participant in the Hi-Crush Partners LP First Amended and Restated Long-Term Incentive Plan (the "Plan") and received 2,700 phantom units on February 13, 2015 (the "2015 Performance Award") vesting based on the Partnership's performance compared to the performance of entities in a designated peer group for the three-year period ending December 31, 2017. 90% of the 2015 Performance Award phantom units vested and settled on February 13, 2018 and the remaining 10% of the 2015 Performance Award phantom units expired on that date. Each phantom unit represents the right to receive, upon vesting, one Common Unit representing limited partner interests in the Partnership, along with tandem distribution equivalent rights ("DERs"). The vesting phantom units expire upon settlement.
- [F3]Includes all phantom units beneficially owned by the Reporting Person following this reported transaction, including previously reported phantom units with varying vesting terms.
- [F4]The Reporting Person received 2,700 phantom units under the Plan on February 13, 2015. Such phantom units vested on February 13, 2018, as the Reporting Person remained employed during the three-year period. Each phantom unit represents the right to receive, upon vesting, one Common Unit representing limited partner interests the Partnership, along with tandem DERs. The phantom units expire upon settlement.