SEC Form 4 · accession 0001549848-17-000107
Hi-Crush Partners LP · HCLP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John R Huff
Director
Period of report
Sep 14, 2017
Accepted (ET)
Sep 18, 2017 · 6:08 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001549848
Table I — non-derivative securities
No Table I lines on this filing.
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 UnitsF1,F2,F3 | $7.82 | Sep 14, 2017 | A | 28,772 | A | Nov 15, 2018 | Nov 15, 2018 | Common Units | 28,772 | 28,772 | D |
Explanation of responses
- F1The reporting person is a participant in the Hi-Crush Partners LP First Amended and Restated Long-Term Incentive Plan (the "Plan") and has elected to participate in the Hi-Crush Partners LP Second 2017 Unit Purchase Program (the "Second 2017 UPP") adopted under the Plan. On September 14, 2017, the reporting person was granted the right to purchase, on November 15, 2018 at $7.82 per common unit, up to the number of common units that are equal to (i) the reporting person's aggregate dollar amount of contributions made to the Second 2017 UPP during the period of the Second 2017 UPP's applicability, including the amount remaining in the reporting person's prior 2017 UPP account as of September 14, 2017 that was applied to the reporting person's Second 2017 UPP account, divided by (ii) 7.82; provided that such number of common units shall be capped at 30,000 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 dollar amount of contributions currently elected by the reporting person in his Hi-Crush Partners LP Second 2017 Unit Purchase Program Enrollment Form, but may be reduced based on reductions in the reporting person's elected dollar amount of contributions or any withdrawals by the reporting person.
- F3The purchase right is only exercisable on November 15, 2018 and does not continue thereafter.