SEC Form 4 · accession 0001209191-15-051763
Sunoco LP · SUN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert W Owens
Officer — President and CEO · Director
Period of report
Jun 8, 2015
Accepted (ET)
Jun 10, 2015 · 2:17 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001552275
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,F2 | — | Jun 8, 2015 | A | 45,402 | A | — | — | Common Units | 45,402 | 45,402 | D |
Explanation of responses
- F1Each phantom unit is the economic equivalent of one common unit representing a limited partner interest in Sunoco LP and represents the right to receive the cash value thereof pursuant to the terms of the Energy Transfer Partners GP, L.P. Nonqualified Deferred Compensation Plan for Former Sunoco Employees (the "DC Plan").
- F2The allocation of phantom units is settled in cash following the termination of the reporting person's employment pursuant to the terms of the DC Plan. The reporting person may transfer all or a portion of his phantom unit allocation into an alternative investment account at designated times pursuant to the terms of the DC Plan.