SEC Form 4 · accession 0001340122-18-000028
Calumet Specialty Products Partners, L.P. · CLMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Amy M Schumacher
Director
Period of report
Mar 7, 2018
Accepted (ET)
Mar 9, 2018 · 5:56 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001340122
Table I — non-derivative securities
No Table I lines on this filing.
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 | — | Mar 7, 2018 | A | 10,695 | A | — | — | Common Units | 10,695 | 10,695 | D |
| Phantom UnitsF4,F1,F3 | — | Mar 7, 2018 | A | 19,698 | A | — | — | Common Units | 19,698 | 19,698 | D |
| Phantom UnitsF4,F1,F5 | — | holding | — | — | — | — | — | Common Units | 21,273 | 21,273 | D |
| Phantom UnitsF4,F1,F6 | — | holding | — | — | — | — | — | Common Units | 1,563 | 1,563 | D |
Explanation of responses
- F1Each Phantom Unit is the economic equivalent of a Calumet Specialty Products Partners, L.P. Common Unit.
- F225% of the Phantom Units vested immediately and the remaining vest ratably over three years on December 31 of each year beginning on December 31, 2018. Phantom Units will be settled upon vesting.
- F3Phantom Units vest on March 7, 2021. Phantom Units will be settled upon vesting.
- F4Number reflects correction of clerical error from previous Form 4 filings.
- F5Each 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.
- F6Each 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 pursuant to the Deferred Compensation Plan. 25% of the Phantom Units vest on July 1 of each year beginning on July 1, 2018.