SEC Form 4 · accession 0001357371-15-000008
Breitburn Energy Partners LP · BBEPQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David B Kilpatrick
Director
Period of report
Jan 1, 2015
Accepted (ET)
Jan 5, 2015 · 5:52 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001357371
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common UnitsF1,F2 | Jan 1, 2015 | M | 2,429 | — | A | 55,311 | D | |
| Common UnitsF1,F3 | Jan 1, 2015 | M | 3,158 | — | A | 58,469 | D | |
| Common UnitsF1,F4 | Jan 1, 2015 | M | 2,868 | — | A | 61,337 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Phantom UnitsF5,F2,F1 | — | Jan 1, 2015 | M | 2,429 | D | — | — | Common Units | 2,429 | 0 | D |
| Restricted Phantom UnitsF5,F3,F1 | — | Jan 1, 2015 | M | 3,158 | D | — | — | Common Units | 3,158 | 3,159 | D |
| Restricted Phantom UnitsF5,F4,F1 | — | Jan 1, 2015 | M | 2,868 | D | — | — | Common Units | 2,868 | 5,736 | D |
Explanation of responses
- F1Common Units representing limited partner interests ("common units").
- F2The Restricted Phantom Units ("RPUs") that vested on January 1, 2015, were settled for an equal number of common units.
- F3The RPUs that vested on January 1, 2015 were settled for an equal number of common units. On January 1, 2016, the remaining RPUs will be settled for an equal number of common units.
- F4The RPUs that vested on January 1, 2015, were settled for an equal number of common units. On each of January 1, 2016, and January 1, 2017, one-half of the remaining RPUs will be settled for an equal number of common units.
- F5Each RPU is the economic equivalent of one common unit which includes a distribution equivalent right that entitles the holder to cash distributions at the same rate payable to common unitholders.