SEC Form 4 · accession 0001340122-17-000055
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
Mar 1, 2017
Accepted (ET)
Mar 3, 2017 · 5:24 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 | A | 3,830 | $0.00 | A | 115,512 | D | |
| Common Units | Mar 1, 2017 | M | 7,596 | $0.00 | A | 123,108 | D | |
| Common UnitsF1 | Mar 1, 2017 | F | 3,907 | $0.00 | D | 119,201 | D |
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 | 3,830 | D | — | — | Common Units | 3,830 | 7,660 | D |
| Phantom UnitsF2,F4 | — | Mar 1, 2017 | M | 7,596 | D | — | — | Common Units | 7,596 | 22,788 | D |
Explanation of responses
- F1The reporting person elected to surrender 3,907 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. Tax withholding liabilities will be deducted at a later date when such vested units are issued and delivered.
- F425% of the Phantom Units vest on December 31 of each year beginning on December 31, 2016.