SEC Form 4 · accession 0001357371-16-000256
Breitburn Energy Partners LP · BBEPQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Donald D Wolf
Director
Period of report
Jan 1, 2016
Accepted (ET)
Jan 4, 2016 · 5:04 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 | Jan 1, 2016 | M | 8,892 | $0.00 | A | 8,892 | 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 UnitsF2,F3,F1 | — | Jan 1, 2016 | M | 8,892 | D | — | — | Common Units | 8,892 | 17,785 | D |
Explanation of responses
- F1Common units representing limited partner interests.
- F2Each Restricted Phantom Unit ("RPU") is the economic equivalent of one common unit representing a limited partner interest in BBEP which includes a distribution equivalent right that entitles the holder to cash distributions at the same rate payable to common unitholders.
- F3The RPUs that vested on January 1, 2016, were settled for an equal number of common units. On each of January 1, 2017, and January 1, 2018, one-half of the remaining RPUs will be settled for an equal number of common units.