SEC Form 4 · accession 0001549848-17-000082
Hi-Crush Partners LP · HCLP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William E Barker
Officer — Vice President
Period of report
Jun 2, 2017
Accepted (ET)
Jun 5, 2017 · 6:09 pm EDT
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 UnitsF1 | Jun 2, 2017 | M | 1,024 | $0.00 | A | 15,762 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom UnitsF1,F2 | $0.00 | Jun 2, 2017 | M | 1,024 | D | Jun 2, 2017 | Jun 2, 2017 | Common Units | 1,024 | 36,835 | D |
Explanation of responses
- F1The reporting person is a participant in the Hi-Crush Partners LP Long-Term Incentive Plan (the "Plan") and received 1,024 phantom units under the Plan on June 2, 2014. Such phantom units vested on June 2, 2017, as the reporting person remained employed during the three-year period. Each phantom unit represents the right to receive, upon vesting, one common unit representing limited partner interests in Hi-Crush Partners LP (the "Partnership"), along with tandem distribution equivalent rights (DERs). The DERs are payable in cash. The phantom units expire upon settlement.
- F2Includes all phantom units beneficially owned by the reporting person following this reported transaction, including previously reported phantom units with varying vesting terms.