SEC Form 4 · accession 0001357371-15-000237

Breitburn Energy Partners LP · BBEPQ

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chief Executive Officer · Director

Period of report

Dec 28, 2015

Accepted (ET)

Dec 30, 2015 · 7:24 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 Units^F1	Dec 28, 2015	M	26,597	$0.00	A	298,830	D
Common Units^F1	Dec 28, 2015	M	30,048	$0.00	A	328,878	D
Common Units^F1	Dec 28, 2015	M	206,097	$0.00	A	534,975	D
Common Units^F1	Dec 28, 2015	M	120,437	$0.00	A	655,412	D
Common Units^F1	Dec 28, 2015	F	169,543	$0.7116	D	485,869	D
Common Units^F1,F2	holding	—	—		—	690,751	I	The Strand Energy Company
Common Units^F1,F3	holding	—	—		—	6,485	I	Held by Trust

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Phantom Units^F4,F5,F1	—	Dec 28, 2015	M	26,597	D	—	—	Common Units	26,597	0	D
Restricted Phantom Units^F4,F6,F1	—	Dec 28, 2015	M	30,048	D	—	—	Common Units	30,048	30,048	D
Restricted Phantom Units^F4,F7	—	Dec 28, 2015	M	206,097	D	—	—	Common Units	206,097	412,196	D
Convertible Phantom Units^F8,F1	—	Dec 28, 2015	M	120,437	D	Dec 28, 2015	Dec 28, 2015	Common Units	120,437	0	D

F1Common Units representing limited partner interests ("common units").
F2The reported common units are owned directly by The Strand Energy Company of which Mr. Washburn is the 48% owner. The Reporting Person disclaims beneficial ownership of the reported securities, except to the extent of his pecuniary interest therein.
F3The reported common units are owned directly by the Halbert S. Washburn Living Trust, and Mr. Washburn has the power and authority to dispose of the common units and, accordingly, may be deemed to be the beneficial owner of such common units.
F4Each Restricted Phantom Unit ("RPU") is the economic equivalent of one common unit which includes a distribution equivalent right ("DER") that entitles the holder to cash distributions at the same rate payable to common unitholders.
F5The RPUs that vested on December 28, 2015, were settled for an equal number of common units.
F6The RPUs that vested on December 28, 2015, were settled for an equal number of common units. On December 28, 2016, the remaining RPUs will be settled for an equal number of common units.
F7The RPUs that vested on December 28, 2015, were settled for an equal number of common units. On each of December 28, 2016, and December 28, 2017, one-half of the remaining RPUs will be settled for an equal number of common units.
F8The Convertible Phantom Units that vested on December 28, 2015, were settled for an equal number of common units.