SEC Form 4 · accession 0001549848-17-000034
Hi-Crush Partners LP · HCLP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Laura C. Fulton
Officer — Chief Financial Officer
Period of report
Feb 28, 2017
Accepted (ET)
Mar 2, 2017 · 7:56 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001549848
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Units representing limited partner interestsF2 | Feb 28, 2017 | M | 20,000 | $5.14 | A | 30,000 | D | |
| Common Units representing limited partner interests | holding | — | — | — | 1,000 | I | By Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Purchase Rights for UnitsF2 | $5.14 | Feb 28, 2017 | M | 20,000 | D | Feb 28, 2017 | Feb 28, 2017 | Common Units | 20,000 | 0 | D |
Explanation of responses
- F1Exercise of purchase rights for common units exempt under Rule 16b-3.
- F2On 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) her actual eligible compensation during the period of the Hi-Crush Partners LP Unit Purchase Program's ("UPP") applicability, divided by (iii) 5.14; provided that such number of common units shall be capped at 20,000 common units. Based on the application of the foregoing formula on the February 28, 2017 purchase date, the reporting person had the right to purchase, and did purchase, 20,000 common units.