SEC Form 4 · accession 0001340122-19-000025
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 15, 2019
Accepted (ET)
Feb 20, 2019 · 6:44 am 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 15, 2019 | M | 1,322 | $0.00 | A | 129,598 | D | |
| Common Units | Feb 15, 2019 | M | 7,937 | $0.00 | A | 137,535 | D | |
| Common Units | Feb 15, 2019 | M | 2,674 | $0.00 | A | 140,209 | D | |
| Common Unit | Feb 15, 2019 | M | 5,208 | $0.00 | A | 145,417 | D | |
| Common Units | Feb 15, 2019 | M | 694 | $0.00 | A | 146,111 | D | |
| Common Units | Feb 15, 2019 | M | 155 | $0.00 | A | 146,266 | D | |
| Common Units | Feb 15, 2019 | M | 2,542 | $0.00 | A | 148,808 | 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 15, 2019 | M | 1,322 | D | — | — | Common Units | 1,322 | 0 | D |
| Phantom UnitsF1,F3 | — | Feb 15, 2019 | M | 7,937 | D | — | — | Common Units | 7,937 | 7,935 | D |
| Phantom UnitsF1,F4 | — | Feb 15, 2019 | M | 2,674 | D | — | — | Common Units | 2,674 | 5,347 | D |
| Phantom UnitsF1,F4 | — | Feb 15, 2019 | M | 5,208 | D | — | — | Common Unit | 5,208 | 10,417 | D |
| Phantom UnitsF1,F5 | — | Feb 15, 2019 | M | 694 | D | — | — | Common Units | 694 | 0 | D |
| Phantom UnitsF1,F6 | — | Feb 15, 2019 | M | 155 | D | — | — | Common Units | 155 | 684 | D |
| Phantom UnitsF1,F7 | — | Feb 15, 2019 | M | 2,542 | D | — | — | Common Units | 2,542 | 39,649 | 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, 2016.
- F325% of the Phantom Units vest on December 31 of each year beginning on December 31, 2016.
- F425% 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.
- 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 of service. 25% of the Phantom Units vest on July 1 of each year beginning on July 1, 2015.
- 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 of service. 25% of the Phantom Units vest on July 1 of each year beginning on July 1, 2016.
- F7Each 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.