SEC Form 4 · accession 0001543134-16-000067

ANDEAVOR LOGISTICS LP · ANDX

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

Reporting owner

Director

Period of report

Feb 23, 2016

Accepted (ET)

Feb 24, 2016 · 2:57 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 Units^F2	Feb 23, 2016	M	1,371	—	A	15,326	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Phantom Units^F2	—	Feb 23, 2016	M	1,371	D	—	—	Common Units	—	0	D
Phantom Units^F1	—	Feb 24, 2016	A	2,009	A	—	—	Common Units	2,009	2,009	D

F1Phantom 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).
F2Phantom Units, originally granted by Company's Board of Directors on 02/23/2015, vested and automatically converted to Common Units.