SEC Form 4 · accession 0001376139-18-000084
CVR ENERGY INC · CVI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Janice T DeVelasco
Officer — VP-Env., Health, Safety & Sec.
Period of report
Dec 14, 2018
Accepted (ET)
Dec 18, 2018 · 5:57 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001376139
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Incentive UnitsF1,F2 | — | Dec 14, 2018 | A | 4,415 | A | — | — | Common Stock | 4,415 | 4,415 | D |
Explanation of responses
- F1The Incentive Units were awarded to the reporting person by CVR Energy, Inc. as compensation for services as an officer on December 14, 2018. These Incentive Units vest ratably in three annual installments beginning in December of each year following the grant date, subject to the terms of the award agreement.
- F2Each Incentive Unit reported herein represents the right to receive upon vesting, a cash payment equal to the average closing price of the common stock of CVR Energy, Inc. for the 10 trading days preceding the vesting date. The Incentive Units expire immediately following their vesting.