SEC Form 4 · accession 0001376139-15-000054
CVR Refining, LP · CVRR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Martin J Power
Officer — Chief Commercial Officer
Period of report
Dec 18, 2015
Accepted (ET)
Dec 22, 2015 · 5:00 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001558785
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Incentive UnitsF1,F2,F3,F4 | — | Dec 18, 2015 | A | 31,801 | A | — | — | Common Units | 31,801 | 31,801 | D |
Explanation of responses
- F1The Incentive Units were awarded to the reporting person by CVR Energy, Inc., an affiliate of CVR Refining, LP and the parent of the general partner of CVR Refining, LP.
- F2Each Incentive Unit reported herein represents the right to receive upon vesting, a cash payment equal to the average closing price of the common units of CVR Refining, LP for the 10 business days preceding the vesting date.
- F3The Incentive Units awarded to the reporting person vest in three annual installments beginning on December 18, 2016.
- F4The Incentive Units expire immediately following their vesting in three equal installments beginning on December 18, 2016.