SEC Form 4 · accession 0001534701-19-000021
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 15, 2019
Accepted (ET)
Jan 17, 2019 · 5:52 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)F1 | Jan 15, 2019 | M | 1,418 | $0.00 | A | 11,418 | D | |
| Common Units (Limited Partner Interests)F1,F2 | Jan 15, 2019 | D | 1,418 | $48.5025 | D | 10,000 | D | |
| Common Units (Limited Partner Interests) | holding | — | — | — | 25,000 | I | Held by Family Partnership | |
| Common Units (Limited Partner Interests) | holding | — | — | — | 10,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom UnitsF3,F5 | — | Jan 15, 2019 | A | 1,650 | A | Jan 15, 2022 | — | Common Units (Limited Partner Interests) | 1,650 | 1,650 | D |
| Phantom UnitsF3,F5 | — | Jan 15, 2019 | M | 1,418 | D | Jan 15, 2019 | — | Common Units (Limited Partner Interests) | 1,418 | 0 | D |
Explanation of responses
- F1The reporting person did not purchase or sell any common units in the settlement of the award. The transaction represents the required reporting for the cash settlement of a phantom stock award.
- F2The price reflected above is the average of the high and the low price of the Company's common unit on January 15, 2019.
- F3Phantom units are the economic equivalent of one common unit of Phillips 66 Partners LP and convert on a one-for-one basis.
- F4Annual grant to non-employee directors of phantom units.
- F5Phantom units do not have an expiration date.