SEC Form 4 · accession 0001572910-17-000003
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
Jan 17, 2017
Accepted (ET)
Jan 18, 2017 · 4:06 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 17, 2017 | M | 1,387 | $36.06 | A | 1,387 | D | |
| Common Units (Limited Partner Interests)F1 | Jan 17, 2017 | D | 1,387 | $50.085 | 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 UnitsF2,F3 | $36.06 | Jan 17, 2017 | M | 1,387 | D | Jan 15, 2017 | — | Common Units (Limited Partner Interests) | 1,387 | 0 | D |
| Phantom UnitsF2,F3 | $64.0375 | holding | — | — | — | Jan 15, 2018 | — | Common Units (Limited Partner Interests) | 781 | 781 | D |
| Phantom UnitsF2,F3 | $56.4375 | holding | — | — | — | Jan 15, 2019 | — | Common Units (Limited Partner Interests) | 1,418 | 1,418 | 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 13, 2017.
- F2Phantom units vest on the third anniversary of the grant.
- F3These phantom units do not have an expiration date.