SEC Form 4 · accession 0001340122-19-000031
Calumet Specialty Products Partners, L.P. · CLMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy Go
Officer — Chief Executive Officer
Period of report
Feb 15, 2019
Accepted (ET)
Feb 20, 2019 · 6:52 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 | 3,830 | $0.00 | A | 187,254 | D | |
| Common Units | Feb 15, 2019 | M | 7,596 | $0.00 | A | 194,850 | D | |
| Common Units | Feb 15, 2019 | M | 35,997 | $0.00 | A | 230,847 | D | |
| Common UnitsF1 | Feb 15, 2019 | F | 22,702 | $0.00 | D | 208,145 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom UnitsF2,F3 | — | Feb 15, 2019 | M | 3,830 | D | — | — | Common Units | 3,830 | 0 | D |
| Phantom UnitsF2,F3 | — | Feb 15, 2019 | M | 7,596 | D | — | — | Common Units | 7,596 | 7,596 | D |
| Phantom UnitsF2,F4 | — | Feb 15, 2019 | M | 35,997 | D | — | — | Common Units | 35,997 | 31,467 | D |
Explanation of responses
- F1The reporting person elected to surrender 22,702 common units to satisfy tax withholding liabilities upon delivery of common units in accordance with Rule 16b-3.
- F2Each Phantom Unit is the economic equivalent of a Calumet Specialty Products Partners, L.P. Common Unit.
- 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.
- F440,529 of the Phantom Units vested immediately, 35,997 of the Phantom Units vest on December 31, 2017, 35,997 of the Phantom Units vest on December 31, 2018 and 31,467 of the Phantom Units vest on December 31, 2019.