SEC Form 4 · accession 0001209191-17-006197
NuStar Energy L.P. · NS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Karen M. Thompson
Officer — SVP & GC-Lit, Reg & Environ
Period of report
Jan 26, 2017
Accepted (ET)
Jan 30, 2017 · 5:21 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 26, 2017 | A | 3,746 | $0.00 | A | 21,961 | D | |
| Common UnitsF2 | Jan 26, 2017 | F | 1,488 | $55.31 | D | 20,473 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On January 26, 2017, 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 received a distribution coverage ratio of 1.07 for 2016 and, in accordance with the award terms, the performance units available to vest for the 2014 awards, 2015 awards and 2016 awards vested at 150%.
- F2"Common Units" reported are units not distributed to the reporting person in order to satisfy the reporting person's tax obligations on grants.