SEC Form 4 · accession 0001549848-15-000081

Hi-Crush Partners LP · HCLP

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

Reporting owner

Officer — Vice President

Period of report

Dec 14, 2015

Accepted (ET)

Dec 16, 2015 · 6:12 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001549848

Table I — non-derivative securities

No Table I lines on this filing.

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Purchase Rights for Units^F1,F2,F3	$5.14	Dec 14, 2015	A	16,643	A	Feb 28, 2017	Feb 28, 2017	Common Units	16,643	16,643	D

F1The reporting person is a participant in the Hi-Crush Partners LP Long-Term Incentive Plan (the "Plan") and has elected to participate in the Hi-Crush Partners LP Unit Purchase Program (the "UPP") adopted under the Plan. On December 14, 2015, the reporting person was granted the right to purchase, on February 28, 2017 at $5.14 per common unit, up to the number of common units that are equal to (i) the reporting person's elected percentage of compensation multiplied by (ii) his actual eligible compensation during the period of the UPP's applicability divided by (iii) 5.14; provided that such number of common units shall be capped at 20,000 common units.
F2The number of derivative securities acquired and underlying common units reported on this Form 4 for the reporting person is based on the application of the foregoing formula using the reporting person's current elected percentage of compensation and amount of eligible compensation, but may increase due to increases in the reporting person's actual eligible compensation or be reduced based on reductions in the reporting person's elected percentage of compensation or amount of actual eligible compensation.
F3The purchase right is only exercisable on February 28, 2017 and does not continue thereafter.