SEC Form 4 · accession 0001209191-18-004388
Crestwood Equity Partners LP · CEQP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joel Christian Lambert
Officer — SVP - General Counsel
Period of report
Jan 15, 2018
Accepted (ET)
Jan 18, 2018 · 6:55 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001136352
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common UnitsF1 | Jan 15, 2018 | F | 4,979 | $26.90 | D | 147,113 | D | |
| Common UnitsF1 | Jan 16, 2018 | F | 506 | $26.90 | D | 146,607 | D | |
| Common UnitsF1 | Jan 16, 2018 | F | 629 | $26.90 | D | 145,978 | D | |
| Common UnitsF1 | Jan 16, 2018 | M | 4,320 | $26.90 | A | 150,298 | D | |
| Common UnitsF1 | Jan 16, 2018 | M | 5,212 | $26.90 | A | 155,510 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom UnitsF2,F3 | — | Jan 16, 2018 | F | 2,803 | D | — | — | Common Units | 2,803 | 13,062 | D |
| Phantom UnitsF2,F3 | — | Jan 16, 2018 | F | 3,528 | D | — | — | Common Units | 3,528 | 9,534 | D |
| Phantom UnitsF2,F3 | — | Jan 16, 2018 | M | 4,320 | D | — | — | Common Units | 4,320 | 5,214 | D |
| Phantom UnitsF2,F3 | — | Jan 16, 2018 | M | 5,212 | D | — | — | Common Units | 5,212 | 2 | D |
| Phantom UnitsF2,F3,F4 | — | Jan 16, 2018 | M | 1 | D | — | — | Common Units | 1 | 1 | D |
| Phantom UnitsF2,F3,F4 | — | Jan 16, 2018 | M | 1 | D | — | — | Common Units | 1 | 0 | D |
Explanation of responses
- F1Includes restricted units granted under the Crestwood Equity Partners LP Long Term Incentive Plan, as amended.
- F2Each phantom unit is the economic equivalent of one common unit representing a limited partnership interest in CEQP.
- F3The phantom units vested on the third (3rd) anniversary of the grant date and converted to an equal number of common units.
- F4Upon vesting,the fractional units are rounded down to the nearest whole unit and forfeited.