SEC Form 4 · accession 0001209191-15-005606
Crestwood Midstream Partners LP · CMLP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joel Christian Lambert
Officer — SVP - General Counsel
Period of report
Jan 16, 2015
Accepted (ET)
Jan 21, 2015 · 6:21 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001304464
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common UnitsF1 | Jan 16, 2015 | A | 16,981 | $0.00 | A | 32,182 | D | |
| Common Units | Jan 17, 2015 | F | 1,821 | $16.05 | D | 30,361 | 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, 2015 | A | 20,440 | A | — | — | Common Units | 20,440 | 20,440 | D |
Explanation of responses
- F1Restricted units granted under the Crestwood Midstream Partners LP Long Term Incentive Plan. The restricted units vest at the rate of 33.33% on each anniversary of the grant date.
- F2Each phantom unit is the economic equivalent of one common unit representing a limited partnership interest in CMLP.
- F3The forfeiture restrictions on the phantom units shall lapse, and the phantom units shall vest and convert to an equal number of common units on the third (3rd) anniversary of the grant date.