SEC Form 4 · accession 0001549848-18-000022

Hi-Crush Partners LP · HCLP

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

Reporting owner

Officer — Chief Financial Officer

Period of report

Feb 13, 2018

Accepted (ET)

Feb 14, 2018 · 6:45 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^F1	Feb 13, 2018	M	9,900	—	A	230,673	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Phantom Units^F2,F1,F3	—	Feb 13, 2018	M	9,900	D	Feb 13, 2018	Feb 13, 2018	Common Units	9,900	144,975	D

F1Each phantom unit was the economic equivalent of, and was settled for, one Common Unit representing limited partner interests in the Partnership.
F2The Reporting Person is a participant in the Hi-Crush Partners LP First Amended and Restated Long-Term Incentive Plan and received 11,000 phantom units on February 13, 2015 (the "2015 Performance Award") vesting based on the Partnership's performance compared to the performance of entities in a designated peer group for the three-year period ending December 31, 2017. 90% of the 2015 Performance Award phantom units vested and settled on February 13, 2018 and the remaining 10% of the 2015 Performance Award phantom units expired on that date. Each phantom unit represents the right to receive, upon vesting, one Common Unit representing limited partner interests in the Partnership, along with tandem distribution equivalent rights. The vesting phantom units expire upon settlement.
F3Includes all phantom units beneficially owned by the Reporting Person following this reported transaction, including previously reported phantom units with varying vesting terms.