SEC Form 4 · accession 0001340122-18-000079
Calumet Specialty Products Partners, L.P. · CLMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel J Sajkowski
Director
Period of report
Apr 23, 2018
Accepted (ET)
Apr 25, 2018 · 5:20 pm EDT
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 | Apr 23, 2018 | M | 186 | $0.00 | A | 14,731 | D | |
| Common Units | Apr 23, 2018 | M | 1,322 | $0.00 | A | 16,053 | D | |
| Common Units | Apr 23, 2018 | M | 7,937 | $0.00 | A | 23,990 | D | |
| Common Units | Apr 23, 2018 | M | 2,674 | $0.00 | A | 26,664 | 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 | — | Apr 23, 2018 | M | 186 | D | — | — | Common Units | 186 | 0 | D |
| Phantom UnitsF1,F3 | — | Apr 23, 2018 | M | 1,322 | D | — | — | Common Units | 1,322 | 1,322 | D |
| Phantom UnitsF1,F4 | — | Apr 23, 2018 | M | 7,937 | D | — | — | Common Units | 7,937 | 15,872 | D |
| Phantom UnitsF1,F5 | — | Apr 23, 2018 | M | 2,674 | D | — | — | Common Units | 2,674 | 8,021 | 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 vest on December 31 of each year beginning on December 31, 2014.
- 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.
- F425% of the Phantom Units vest on December 31 of each year beginning on December 31, 2016.
- F525% 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.