SEC Form 4 · accession 0001572910-16-000151
PHILLIPS 66 PARTNERS LP · PSXP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gary Kramer Adams
Director
Period of report
Sep 30, 2016
Accepted (ET)
Oct 12, 2016 · 3:04 pm EDT
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 UnitsF1 | Sep 30, 2016 | M | 541 | — | A | 541 | D | |
| Common Units | Sep 30, 2016 | D | 541 | $48.185 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom UnitsF1,F2,F3,F4 | — | Sep 30, 2016 | M | 541 | D | — | — | Common Units | 541 | 3,586 | D |
Explanation of responses
- F1Each phantom unit is the economic equivalent of one common unit of Phillips 66 Partners LP.
- F2Phantom units vest on the third anniversary of the grant.
- F3The phantom units do not have an expiration date.
- F4These 541 phantom units vested on September 30, 2016. The Company settled such phantom units for cash. Although reflected in Table I, no common units were actually acquired or disposed of.