SEC Form 4 · accession 0001340122-18-000009
Calumet Specialty Products Partners, L.P. · CLMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James S Carter
Director
Period of report
Feb 13, 2018
Accepted (ET)
Feb 15, 2018 · 7:01 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 | Feb 13, 2018 | M | 2,395 | $0.00 | A | 109,797 | D | |
| Common Units | Feb 13, 2018 | M | 153 | $0.00 | A | 109,950 | D | |
| Common Units | Feb 13, 2018 | M | 635 | $0.00 | A | 110,585 | D | |
| Common Units | Feb 13, 2018 | M | 550 | $0.00 | A | 111,135 | D | |
| Common Units | Feb 13, 2018 | M | 1,322 | $0.00 | A | 112,457 | D | |
| Common Units | Feb 13, 2018 | M | 7,937 | $0.00 | A | 120,394 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom UnitsF1,F2 | — | Feb 13, 2018 | M | 2,395 | D | — | — | Common Units | 2,395 | 54,615 | D |
| Phantom UnitsF1,F3 | — | Feb 13, 2018 | M | 153 | D | — | — | Common Units | 153 | 694 | D |
| Phantom UnitsF1,F4 | — | Feb 13, 2018 | M | 635 | D | — | — | Common Units | 635 | 0 | D |
| Phantom UnitsF1,F5 | — | Feb 13, 2018 | M | 550 | D | — | — | Common Units | 550 | 0 | D |
| Phantom UnitsF1,F6 | — | Feb 13, 2018 | M | 1,322 | D | — | — | Common Units | 1,322 | 1,322 | D |
| Phantom UnitsF1,F7 | — | Feb 13, 2018 | M | 7,937 | D | — | — | Common Units | 7,937 | 15,872 | D |
Explanation of responses
- F1Each Phantom Unit is the economic equivalent of a Calumet Specialty Products Partners, L.P. Common Unit.
- F2Each Phantom Unit becomes payable either in the form of a Common Unit or the cash value thereof upon the earlier of the date specified by the reporting person or the reporting person's termination date. Phantom Units are 100% vested.
- F3Each Phantom Unit becomes payable either in the form of a Common Unit or the cash value thereof upon the earlier of the date specified by the reporting person or the reporting person's termination of service. 25% of the Phantom Units vest on July 1 of each year beginning on July 1, 2015.
- F4Each Phantom Unit becomes payable either in the form of a Common Unit or the cash value thereof upon the earlier of the date specified by the reporting person or the reporting person's termination of service. 25% of the Phantom Units vest on July 1 of each year beginning on July 1, 2014.
- F525% of the Phantom Units vest on December 31 of each year beginning on December 31, 2014.
- F625% 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.
- F725% of the Phantom Units vest on December 31 of each year beginning on December 31, 2016.