SEC Form 4 · accession 0001340122-16-000182
Calumet Specialty Products Partners, L.P. · CLMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ferdinand William Grube
Officer — Executive Vice Chairman of BOD · Director
Period of report
Apr 21, 2016
Accepted (ET)
Apr 25, 2016 · 8:03 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 | 5,400 | $0.00 | A | 119,993 | D | |
| Common Units | Apr 21, 2016 | M | 2,700 | $0.00 | A | 122,693 | D | |
| Common Units | Apr 21, 2016 | M | 8,100 | $0.00 | A | 130,793 | D | |
| Common UnitsF1 | Apr 21, 2016 | F | 4,978 | $0.00 | D | 125,815 | D | |
| Common Units | holding | — | — | — | 775,000 | I | By AEG Associates II LLC | |
| Common UnitsF2 | holding | — | — | — | 38,105 | 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 UnitsF3,F4 | — | Apr 21, 2016 | M | 5,400 | D | — | — | Common Units | 5,400 | 16,200 | D |
| Phantom UnitsF3,F5 | — | Apr 21, 2016 | M | 2,700 | D | — | — | Common Units | 2,700 | 5,400 | D |
| Phantom UnitsF3,F6 | — | Apr 21, 2016 | M | 8,100 | D | — | — | Common Units | 8,100 | 0 | D |
Explanation of responses
- F1The reporting person elected to surrender 4,978 common units to satisfy tax withholding liabilities upon delivery of common units in accordance with Rule 16b-3.
- F2Common units owned by F. William Grube's (Mr. Grube) spouse. Mr. Grube disclaims beneficial ownership of these common units, and the inclusion of these common units in this report shall not be deemed an admission of beneficial ownership of the reported common units for purposes of Section 16 or for any other purpose.
- F3Each Phantom Unit is the economic equivalent of a Calumet Specialty Products Partners, L.P. Common Unit.
- F425% 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.
- 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, 2015.
- 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.