SEC Form 4 · accession 0001340122-18-000005
Calumet Specialty Products Partners, L.P. · CLMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher H Bohnert
Officer — Chief Accounting Officer
Period of report
Dec 20, 2017
Accepted (ET)
Jan 18, 2018 · 6:25 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 | Dec 20, 2017 | M | 7,000 | $0.00 | A | 7,000 | D | |
| Common UnitsF1 | Dec 20, 2017 | F | 3,299 | $0.00 | D | 3,701 | 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 | — | Dec 20, 2017 | M | 7,000 | D | — | — | Common Units | 7,000 | 21,000 | D |
Explanation of responses
- F1The reporting person elected to surrender 3,299 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 vest immediately and the remaining vest ratably over three years on October 5 of each year beginning on October 5, 2018.