SEC Form 4 · accession 0001181431-15-005108
Calumet Specialty Products Partners, L.P. · CLMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jennifer Straumins
Officer — EVP Strategy & Development
Period of report
Mar 23, 2015
Accepted (ET)
Mar 24, 2015 · 6:10 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 UnitsF4 | Mar 23, 2015 | M | 12,600 | — | A | 1,361,914 | D | |
| Common UnitsF1 | Mar 23, 2015 | F | 4,052 | — | D | 1,357,862 | D | |
| Common UnitsF2 | holding | — | — | — | 13,600 | I | See Footnote (2) | |
| Common UnitsF3 | holding | — | — | — | 13,500 | I | See Footnote (3) |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom UnitsF4,F5 | — | Mar 23, 2015 | M | 5,400 | D | — | — | Common Units | 5,400 | 0 | D |
| Phantom UnitsF4,F6 | — | Mar 23, 2015 | M | 5,400 | D | — | — | Common Units | 5,400 | 5,400 | D |
| Phantom UnitsF4,F7 | — | Mar 23, 2015 | M | 1,800 | D | — | — | Common Units | 1,800 | 5,400 | D |
Explanation of responses
- F1The reporting person elected to surrender 4,052 common units to satisfy tax withholding liabilities upon delivery of common units in accordance with Rule 16b-3.
- F2Units owned by Jennifer Straumins' ("Ms. Straumins") son. Ms. Straumins disclaims beneficial ownership of these units, and the inclusion of these units in this report shall not be deemed an admission of beneficial ownership of the reported units for purposes of Section 16 or for any other purpose.
- F3Units owned by Ms. Straumins son. Ms. Straumins disclaims beneficial ownership of these units, and the inclusion of these units in this report shall not be deemed an admission of beneficial ownership of the reported units for purposes of Section 16 or for any other purpose.
- F4Each Phantom Unit is the economic equivalent of a Calumet Specialty Products Partners, L.P. Common Unit.
- 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.