SEC Form 4 · accession 0001340122-16-000190
Calumet Specialty Products Partners, L.P. · CLMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward F. Juno
Officer — EVP - Operations
Period of report
Apr 21, 2016
Accepted (ET)
Apr 25, 2016 · 8:12 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 | 2,700 | $0.00 | A | 4,378 | D | |
| Common Units | Apr 21, 2016 | M | 750 | $0.00 | A | 5,128 | D | |
| Common Units | Apr 21, 2016 | M | 1,350 | $0.00 | A | 6,478 | D | |
| Common UnitsF1 | Apr 21, 2016 | F | 1,916 | $0.00 | D | 4,562 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom UnitF2,F3 | — | Apr 21, 2016 | M | 2,700 | D | — | — | Common Unit | 2,700 | 8,100 | D |
| Phantom UnitsF2,F4 | — | Apr 21, 2016 | M | 750 | D | — | — | Common Units | 750 | 750 | D |
| Phantom UnitsF2,F5 | — | Apr 21, 2016 | M | 1,350 | D | — | — | Common Units | 1,350 | 2,700 | D |
Explanation of responses
- F1The reporting person elected to surrender 1,916 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.
- F325% 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.
- F4Phantom units vest ratably over two years on December 31 of each year beginning on December 31, 2015. Tax withholding liabilities will be deducted at a later date when such vested units are issued and delivered.
- F5Phantom units vest ratably over three years on December 31 of each year beginning on December 31, 2015. Tax withholding liabilities will be deducted at a later date when such vested units are issued and delivered.