SEC Form 4 · accession 0001549848-17-000037

Hi-Crush Partners LP · HCLP

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

Reporting owner

Officer — General Counsel and Secretary

Period of report

Feb 28, 2017

Accepted (ET)

Mar 2, 2017 · 7:58 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 interests^F2	Feb 28, 2017	M	5,986	$0.00	A	5,986	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Purchase Rights for Units^F2	$5.14	Feb 28, 2017	M	5,986	D	Feb 28, 2017	Feb 28, 2017	Common Units	5,986	0	D

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) his elected percentage of compensation multiplied by (ii) his 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. The number of derivative securities acquired and underlying common units reported on the his Form 4 filed December 16, 2015, which was 5,799, was based on the application of the foregoing formula using his elected percentage of compensation and amount of eligible compensation at such time. Due to increases in his actual eligible compensation, based on the application of the foregoing formula on the February 28, 2017 purchase date, he had the right to purchase, and did purchase, 5,986 common units.