SEC Form 4 · accession 0001340122-16-000178
Calumet Specialty Products Partners, L.P. · CLMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
A Anderson William
Officer — EVP - Sales
Period of report
Apr 21, 2016
Accepted (ET)
Apr 25, 2016 · 7:57 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 Units | Apr 21, 2016 | M | 3,600 | $0.00 | A | 11,894 | D | |
| Common Units | Apr 21, 2016 | M | 5,400 | $0.00 | A | 17,294 | D | |
| Common Units | Apr 21, 2016 | M | 1,800 | $0.00 | A | 19,094 | D | |
| Common UnitsF1 | Apr 21, 2016 | F | 3,702 | $0.00 | D | 15,392 | D | |
| Common UnitsF2 | holding | — | — | — | 1,060 | I | See Footnote | |
| Common UnitsF3 | holding | — | — | — | 1,060 | I | See Footnote | |
| Common UnitsF4 | holding | — | — | — | 1,060 | I | See Footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom UnitF5,F6 | — | Apr 21, 2016 | M | 3,600 | D | — | — | Common Unit | 3,600 | 10,800 | D |
| Phantom UnitsF5,F7 | — | Apr 21, 2016 | M | 5,400 | D | — | — | Common Units | 5,400 | 0 | D |
| Phantom UnitsF5,F8 | — | Apr 21, 2016 | M | 1,800 | D | — | — | Common Units | 1,800 | 3,600 | D |
Explanation of responses
- F1The reporting person elected to surrender 3,702 common units to satisfy tax withholding liabilities upon delivery of common units in accordance with Rule 16b-3.
- F2Units owned by William A. Anderson's (Mr. Anderson) daughter. Mr. Anderson 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 another purpose.
- F3Units owned by Mr. Anderson's son. Mr. Anderson 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 another purpose.
- F4Units owned by Mr. Anderson's son. Mr. Anderson 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 another purpose.
- F5Each Phantom Unit is the economic equivalent of a Calumet Specialty Products Partners, L.P. Common Unit.
- 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, 2016.
- 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, 2013.
- F825% 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.