SEC Form 4 · accession 0001543134-15-000009
ANDEAVOR LOGISTICS LP · ANDX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James H Lamanna
Director
Period of report
Feb 23, 2015
Accepted (ET)
Feb 25, 2015 · 2:27 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001507615
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common UnitsF1 | Feb 24, 2015 | M | 1,108 | — | A | 8,328 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom UnitsF2 | — | Feb 23, 2015 | A | 1,371 | A | — | — | Common Units | — | 2,479 | D |
| Phantom UnitsF1 | — | Feb 24, 2015 | M | 1,108 | D | — | — | Common Units | — | 1,371 | D |
Explanation of responses
- F1Phantom Units, originally granted by Company's Board of Directors on 02/24/2014, vested and automatically converted to Common Units.
- F2Phantom units granted to non-employee directors pursuant to the Company's 2011 Long-Term incentive Plan. Units will vest one year from the date of grant, contingent on continued service by the director. If the non-employee director's termination from the board is due to death or disability, director's service phantom units will automatically vest. If termination is due to any other reason, the non-employee director will receive a pro-rated award for the number of full months served as a non-employee director during the vesting period, with such pro-rated award vesting one year from the date of grant. The phantom units are settled upon vesting in common units (on a one-for-one basis).