SEC Form 4 · accession 0001572910-16-000143
PHILLIPS 66 PARTNERS LP · PSXP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Phillip David Bairrington
Director
Period of report
Aug 15, 2016
Accepted (ET)
Aug 17, 2016 · 5:00 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001572910
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 UnitsF4,F1,F2,F3 | — | Aug 15, 2016 | A | 626 | A | — | — | Common Units | 626 | 626 | D |
Explanation of responses
- F1The phantom units are the economic equivalent of one common unit of Phillips 66 Partners LP.
- F2The phantom units generally vest on the third anniversary of the grant.
- F3The phantom units do not have an expiration date.
- F4Based on the average of the high and low price of PSXP units on August 12, 2016.
Remarks
Mr. Bairrington is a director of Phillips 66 Partners GP LLC, the general partner of Phillips 66 Partners LP.