SEC Form 4 · accession 0001181431-15-005106
Calumet Specialty Products Partners, L.P. · CLMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard Patrick Murray II
Officer — EVP & CFO
Period of report
Mar 23, 2015
Accepted (ET)
Mar 24, 2015 · 6:09 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001340122
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common UnitsF1 | Mar 23, 2015 | M | 14,917 | — | A | 43,682 | D | |
| Common UnitsF1 | Mar 23, 2015 | F | 4,862 | — | D | 38,820 | 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 | — | Mar 23, 2015 | M | 1,847 | D | — | — | Common Units | 1,847 | 8,802 | D |
| Phantom UnitsF2,F4 | — | Mar 23, 2015 | M | 470 | D | — | — | Common Units | 470 | 145 | D |
| Phantom UnitsF2,F5 | — | Mar 23, 2015 | M | 5,400 | D | — | — | Common Units | 5,400 | 0 | D |
| Phantom UnitsF2,F6 | — | Mar 23, 2015 | M | 5,400 | D | — | — | Common Units | 5,400 | 5,400 | D |
| Phantom UnitsF2,F7 | — | Mar 23, 2015 | M | 1,800 | D | — | — | Common Units | 1,800 | 5,400 | D |
Explanation of responses
- F1The reporting person elected to surrender 4,862 common units to satisfy tax withholding liabilities upon delivery of common units in accordance with Rule 16b-3.
- F2Each Phantom Unit is the economic equivalent of a Calumet Specialty Products Partners, L.P. Common Unit.
- F3Each Phantom Unit becomes payable either in the form of a Common Unit or the cash value thereof upon the earlier of the date specified by the reporting person or the reporting person's termination date. Phantom Units are 100% vested.
- F4Each Phantom Unit becomes payable either in the form of a Common Unit or the cash value thereof upon the earlier of the date specified by the reporting person or the reporting person's termination of service. 25% of the Phantom Units vest on July 1 of each year beginning on July 1, 2012.
- F525% of the Phantom Units vested immediately and the remaining vest ratably over three years on December 31 of each year beginning on December 31, 2012.
- F625% of the Phantom Units vested immediately and the remaining vest ratably over three years on December 31 of each year beginning on December 31, 2013.
- F725% of the Phantom Units vested immediately and the remaining vest ratably over three years on December 31 of each year beginning on December 31, 2015.