SEC Form 4 · accession 0001140361-15-017063
JP Energy Partners LP · JPEP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeremiah J Ashcroft III
Officer — SEE REMARKS
Period of report
Apr 14, 2015
Accepted (ET)
Apr 30, 2015 · 4:59 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001523404
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| COMMON UNITS (LIMITED PARTNER INTERESTS) | Apr 14, 2015 | F | 580 | $13.47 | D | 14,494 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SUBORDINATED UNITS (LIMITED PARTNER INTERESTS)F2,F1 | — | Apr 14, 2015 | F | 2,424 | D | — | — | COMMON UNITS | 2,424 | 30,961 | D |
| PHANTOM UNITS (WITH DERs)F3,F4,F5 | — | holding | — | — | — | — | — | COMMON UNITS | 25,000 | 25,000 | D |
Explanation of responses
- F1Each subordinated unit will convert into one common unit at the end of the subordination period, as described in Registration Statement.
- F2Each subordinated unit is the economic equivalent of one common unit.
- F3Each phantom unit is the economic equivalent of one common unit and is accompanied by a distribution equivalent right, entitling the holder to an amount equal to any cash distribution paid on each of the Partnership's common units.
- F4The phantom units vest in three equal annual installments commencing on each of the first, second and third anniversaries of the grant date.
- F5The phantom units do not expire. The phantom units are settled upon vesting in common units (on a one-for-one basis) or in cash, at the discretion of the Issuer.
Remarks
The Reporting Person is the Executive Vice President and Chief Operating Officer of JP Energy GP II LLC, the general partner of the Issuer (the "General Partner"). The Issuer is managed by the directors and executive officers of the General Partner.