SEC Form 4 · accession 0001357371-15-000152
Breitburn Energy Partners LP · BBEPQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas E Thurmond
Officer — Senior Vice President
Period of report
Jul 1, 2015
Accepted (ET)
Jul 2, 2015 · 12:40 pm EDT
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 | Jul 1, 2015 | A | 26,465 | A | — | — | Common Units | 26,465 | 79,972 | 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 December 28, 2015, December 28, 2016, and December 28, 2017, one third of the RPUs will be settled for an equal number of common units.