SEC Form 4 · accession 0001357371-16-000288
Breitburn Energy Partners LP · BBEPQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregory J Moroney
Director
Period of report
Jan 28, 2016
Accepted (ET)
Feb 1, 2016 · 4:56 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,F3 | — | Jan 28, 2016 | A | 90,074 | A | — | — | Common Units | 90,074 | 90,074 | D |
| Phantom UnitsF4,F5,F3 | — | Jan 28, 2016 | A | 90,074 | A | — | — | Common Units | 90,074 | 90,074 | D |
Explanation of responses
- F1Each Restricted Phantom Unit ("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.
- F2On each of July 1, 2018, and January 1, 2019, one-half of the RPUs will be settled for an equal number of common units.
- F3Common Units representing limited partner interests ("common units").
- F4Each Phantom Unit is the economic equivalent of a common unit, which includes a distribution equivalent right that entitles the holder to cash distributions at the same rate payable to common unitholders.
- F5On each of July 1, 2017 and January 1, 2018, one-half of the Phantom Units will be settled in cash in an amount equal to the fair market value of the common unit on the applicable vesting date.