SEC Form 4 · accession 0001357371-15-000034
Breitburn Energy Partners LP · BBEPQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Randall Hart Breitenbach
Director
Period of report
Jan 26, 2015
Accepted (ET)
Jan 28, 2015 · 1:49 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001357371
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Phantom UnitsF1,F2 | $0.00 | Jan 26, 2015 | A | 27,677 | A | — | — | Common Units | 27,677 | 27,677 | D |
Explanation of responses
- F1Each Restricted Phantom Unit ("RPU") is the economic equivalent of one common unit representing a limited partner interest in BBEP (a "common unit") which includes a distribution equivalent right that entitles the holder to cash distributions at the same rate payable to common unitholders.
- F2On each of January 1, 2016, January 1, 2017, and January 1, 2018, one-third of the RPUs will be settled for an equal number of common units.