SEC Form 4 · accession 0001340122-16-000180
Calumet Specialty Products Partners, L.P. · CLMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James S Carter
Director
Period of report
Apr 21, 2016
Accepted (ET)
Apr 25, 2016 · 8:00 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 | 1,322 | $0.00 | A | 51,491 | D | |
| Common Units | Apr 21, 2016 | M | 550 | $0.00 | A | 52,041 | D | |
| Common Units | Apr 21, 2016 | M | 550 | $0.00 | A | 52,591 | D | |
| Common Units | Apr 21, 2016 | M | 550 | $0.00 | A | 53,141 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom UnitsF1,F2 | — | Apr 21, 2016 | M | 1,322 | D | — | — | Common Units | 1,322 | 3,966 | D |
| Phantom UnitsF1,F3 | — | Apr 21, 2016 | M | 550 | D | — | — | Common Units | 550 | 0 | D |
| Phantom UnitsF1,F4 | — | Apr 21, 2016 | M | 550 | D | — | — | Common Units | 550 | 550 | D |
| Phantom UnitsF1,F5 | — | Apr 21, 2016 | M | 550 | D | — | — | Common Units | 550 | 1,100 | D |
Explanation of responses
- F1Each Phantom Unit is the economic equivalent of a Calumet Specialty Products Partners, L.P. Common Unit.
- F225% 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.
- F325% of the Phantom Units vest on December 31 of each year beginning on December 31, 2012.
- F425% of the Phantom Units vest on December 31 of each year beginning on December 31, 2013.
- F525% of the Phantom Units vest on December 31 of each year beginning on December 31, 2014.