SEC Form 4 · accession 0001340122-18-000091
Calumet Specialty Products Partners, L.P. · CLMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ferdinand William Grube
Officer — Executive Vice Chairman of BOD · Director
Period of report
May 8, 2018
Accepted (ET)
May 10, 2018 · 9:20 am 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 | May 8, 2018 | M | 2,700 | $0.00 | A | 189,988 | D | |
| Common Units | May 8, 2018 | M | 5,400 | $0.00 | A | 195,388 | D | |
| Common Units | May 8, 2018 | F | 2,989 | $0.00 | D | 192,399 | 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 | — | May 8, 2018 | M | 2,700 | D | — | — | Common Units | 2,700 | 0 | D |
| Phantom UnitsF1,F3 | — | May 8, 2018 | M | 5,400 | D | — | — | Common Units | 5,400 | 5,400 | 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, 2015.
- 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.