SEC Form 4 · accession 0001549848-17-000112
Hi-Crush Partners LP · HCLP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark C. Skolos
Officer — General Counsel and Secretary
Period of report
Sep 14, 2017
Accepted (ET)
Sep 18, 2017 · 6:17 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 | 1,961 | A | Nov 15, 2018 | Nov 15, 2018 | Common Units | 1,961 | 1,961 | 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 elected percentage of compensation multiplied by (ii) the reporting person's actual eligible compensation during the period of the Second 2017 UPP's applicability divided by (iii) 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 reporting person's current elected percentage of compensation and current 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, or any withdrawals by the reporting person.
- F3The purchase right is only exercisable on November 15, 2018 and does not continue thereafter.