SEC Form 4 · accession 0001534701-18-000016
PHILLIPS 66 PARTNERS LP · PSXP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph O'Toole
Director
Period of report
Jan 16, 2018
Accepted (ET)
Jan 18, 2018 · 5:34 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001572910
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Units (Limited Partner Interests) | Jan 16, 2018 | M | 781 | $64.0375 | A | 10,781 | D | |
| Common Units (Limited Partner Interests)F1 | Jan 16, 2018 | D | 781 | $55.495 | D | 10,000 | D | |
| Common Units (Limited Partner Interests) | holding | — | — | — | 15,000 | I | Held by Family Partnership |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom UnitsF2,F1,F3,F4 | $55.495 | Jan 16, 2018 | A | 1,442 | A | — | — | Common Units (Limited Partner Interests) | 1,442 | 1,442 | D |
| Phantom UnitsF4 | $64.0375 | Jan 16, 2018 | M | 781 | D | Jan 15, 2018 | — | Common Units (Limited Partner Interests) | 781 | 0 | D |
Explanation of responses
- F1The price reflected above is the average of the high and the low price of the Company's common unit on January 16, 2018.
- F2Annual grant to non-employee directors of phantom units.
- F3Phantom units vest on the third anniversary of the grant.
- F4The phantom units do not have an expiration date.