SEC Form 4 · accession 0001549848-18-000045
Hi-Crush Partners LP · HCLP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott J Preston
Officer — Chief Operating Officer
Period of report
May 16, 2018
Accepted (ET)
May 18, 2018 · 5:33 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom UnitsF1 | — | May 16, 2018 | A | 36,364 | A | — | — | Common Units | 36,364 | 36,364 | 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 received 36,364 phantom units under the Plan on May 16, 2018. If thereporting person remains employed on May 16, 2021, 100% of the phantom units will vest at the end of such three-year vesting period. Each phantom unit represents the right to receive, upon vesting, onecommon unit representing limited partner interests in the Partnership, along with tandem distribution equivalent rights. The phantom units expire upon settlement.