SEC Form 4 · accession 0001558785-18-000076
CVR Refining, LP · CVRR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark A Pytosh
Officer — EVP - Corporate Services
Period of report
Dec 15, 2018
Accepted (ET)
Dec 18, 2018 · 4:54 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001558785
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common UnitsF1,F2 | Dec 15, 2018 | M | 11,000 | $0.00 | A | 11,000 | D | |
| Common UnitsF1,F3 | Dec 15, 2018 | D | 11,000 | $13.30 | D | 0 | D | |
| Common UnitsF4,F2 | Dec 16, 2018 | M | 14,878 | $0.00 | A | 14,878 | D | |
| Common UnitsF4,F3 | Dec 16, 2018 | D | 14,878 | $13.30 | D | 0 | D | |
| Common UnitsF5,F2 | Dec 18, 2018 | M | 6,849 | $0.00 | A | 6,849 | D | |
| Common UnitsF5,F3 | Dec 18, 2018 | D | 6,849 | $13.00 | D | 0 | D |
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,F6 | — | Dec 15, 2018 | M | 11,000 | D | — | — | Common Units | 11,000 | 21,999 | D |
| Incentive UnitsF4,F2,F6 | — | Dec 16, 2018 | M | 14,878 | D | — | — | Common Units | 14,878 | 14,878 | D |
| Incentive UnitsF5,F2,F6 | — | Dec 18, 2018 | M | 6,849 | D | — | — | Common Units | 6,849 | 0 | D |
Explanation of responses
- F1The Incentive Units were awarded to the reporting person by CVR Energy, Inc., an affiliate of CVR Refining, LP, as compensation for services as an officer on December 29, 2017. These Incentive Units vest ratably in three annual installments beginning in December of each year following the grant date, subject to the terms of the award agreement.
- 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.
- F3This price represents the average closing price of the common units of CVR Refining, LP for the 10 business days preceding the vesting date.
- F4The Incentive Units were awarded to the reporting person by CVR Energy, Inc., an affiliate of CVR Refining, LP, as compensation for services as an officer on December 31, 2016. These Incentive Units vest ratably in three annual installments beginning in December of each year following the grant date, subject to the terms of the award agreement.
- F5The Incentive Units were awarded to the reporting person by CVR Energy, Inc., an affiliate of CVR Refining, LP, as compensation for services as an officer on December 18, 2015. These Incentive Units vest ratably in three annual installments beginning in December of each year following the grant date, subject to the terms of the award agreement.
- F6The Incentive Units expire immediately following their vesting.