Atterbury Andrew L 4
4 · Western Refining Logistics, LP · Filed Nov 1, 2017
Insider Transaction Report
Form 4
Atterbury Andrew L
Director
Transactions
- Disposition to Issuer
Common Units
2017-10-30−32,996→ 0 total - Disposition to Issuer
Phantom Units
2017-10-30−2,923→ 0 total→ Common Units (2,923 underlying)
Footnotes (3)
- [F1]Disposed of pursuant to the merger agreement between the issuer and a wholly owned subsidiary of Andeavor Logistics LP ("ANDX") in exchange for 17,266 ANDX common units having a market value of approximately $792,509 on the effective date of the merger.
- [F2]Each phantom unit was the economic equivalent of one common unit of the issuer and could be settled in cash or common units, as determined by the issuer's board at its sole discretion.
- [F3]The award of phantom units, which provided for vesting on September 25, 2018, was assumed by ANDX in the merger and replaced with an award of 2,923 ANDX phantom units, governed by substantially similar terms and conditions, including vesting terms.