SEC Form 4 · accession 0001340122-16-000240
Calumet Specialty Products Partners, L.P. · CLMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy Go
Officer — Chief Executive Officer
Period of report
May 20, 2016
Accepted (ET)
May 25, 2016 · 6:06 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 | 53,897 | $0.00 | A | 81,504 | D | |
| Common UnitsF1 | May 20, 2016 | F | 18,152 | $0.00 | D | 63,352 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted UnitsF2,F3 | — | May 20, 2016 | A | 53,897 | A | — | — | Common Units | 53,897 | 53,897 | D |
| Restricted UnitsF2,F3 | — | May 20, 2016 | M | 53,897 | D | — | — | Common Units | 53,897 | 0 | D |
Explanation of responses
- F1The reporting person elected to surrender 18,152 common units to satisfy tax withholding liabilities upon delivery of common units in accordance with Rule 16b-3.
- F2Each Restricted Unit is the economic equivalent of a Calumet Specialty Products Partners, L.P. Common Unit.
- F3The reporting person elected to settle a portion of his 2015 annual cash incentive bonus in restricted units. Restricted units are 100% vested.