SEC Form 4 · accession 0001340122-17-000053
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
Mar 1, 2017
Accepted (ET)
Mar 3, 2017 · 5:20 pm EST
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 | Mar 1, 2017 | M | 2,700 | $0.00 | A | 184,428 | D | |
| Common Units | Mar 1, 2017 | M | 5,400 | $0.00 | A | 189,828 | D | |
| Common UnitsF1 | Mar 1, 2017 | F | 2,540 | $0.00 | D | 187,288 | D | |
| Common Units | holding | — | — | — | 38,105 | I | By Spouse | |
| Common Units | holding | — | — | — | 775,000 | I | By AEG Associates II LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom UnitsF2,F3 | — | Mar 1, 2017 | M | 2,700 | D | — | — | Common Units | 2,700 | 2,700 | D |
| Phantom UnitsF2,F4 | — | Mar 1, 2017 | M | 5,400 | D | — | — | Common Units | 5,400 | 10,800 | D |
Explanation of responses
- F1The reporting person elected to surrender 2,540 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, 2015.
- 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.