SEC Form 4 · accession 0001209191-15-008261
NuStar Energy L.P. · NS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mary Rose Brown
Officer — EVP & CAO
Period of report
Jan 29, 2015
Accepted (ET)
Feb 2, 2015 · 4:32 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001110805
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common UnitsF1 | Jan 29, 2015 | A | 4,315 | $0.00 | A | 48,697 | D | |
| Common UnitsF2 | Jan 29, 2015 | F | 1,685 | $59.24 | D | 47,012 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On January 29, 2015, the Compensation Committee of the Board of Directors of NuStar GP, LLC, the general partner of the Issuer's general partner, determined that the Issuer's total unitholder return was in the third quartile of its peer group for the relevant performance period. As a result, the performance units granted in 2011, 2012 and 2013 that were available to vest for the performance period ending on December 31, 2014 vested at 50%, in accordance with the award terms. On January 29, 2015, the Compensation Committee also determined that the Issuer achieved a distribution coverage ratio of 1:1 for 2014 and, in accordance with the award terms, the performance units available to vest for the 2014 awards vested at 100%.
- F2"Common Units" reported are units not distributed to the reporting person in order to satisfy the reporting person's tax obligations.