SEC Form 4 · accession 0001340122-16-000234

Calumet Specialty Products Partners, L.P. · CLMT

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Executive Vice Chairman of BOD · Director

Period of report

May 20, 2016

Accepted (ET)

May 25, 2016 · 5:57 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	May 20, 2016	M	81,805	$0.00	A	207,620	D
Common Units^F1	May 20, 2016	F	25,892	$0.00	D	181,728	D
Common Units^F2	holding	—	—		—	38,105	I	See footnote (2)
Common Units	holding	—	—		—	775,000	I	By AEG Associates II LLC

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Units^F3,F4	—	May 20, 2016	A	81,805	A	—	—	Common Units	81,805	81,805	D
Restricted Units^F3,F4	—	May 20, 2016	M	81,805	D	—	—	Common Units	81,805	0	D

F1The reporting person elected to surrender 25,892 common units to satisfy tax withholding liabilities upon delivery of common units in accordance with Rule 16b-3.
F2Common units owned by Mr. Grube's 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 Restricted Unit is the economic equivalent of a Calumet Specialty Products Partners, L.P. Common Unit.
F4The reporting person elected to settle a portion of his 2015 annual cash incentive bonus in restricted units. Restricted units are 100% vested.