SEC Form 4 · accession 0001104659-16-095980
Transocean Partners LLC · RIGP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kathleen S McAllister
Officer — President, CEO and CFO · Director
Period of report
Feb 9, 2016
Accepted (ET)
Feb 11, 2016 · 4:41 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001607250
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 UnitsF1,F2 | $0.00 | Feb 9, 2016 | A | 19,459 | A | Mar 1, 2017 | — | Common Units | 19,459 | 19,459 | D |
| Phantom UnitsF3,F4 | $0.00 | Feb 9, 2016 | A | 45,802 | A | Mar 1, 2017 | — | Common Units | 45,802 | 65,261 | D |
Explanation of responses
- F1Performance-based phantom units were acquired on February 26, 2015, pursuant to the Issuer's long-term incentive plan, contingent on a performance determination of the Compensation Committee of the Board of Directors of the Issuer. As a result of the satisfaction of the performance conditions, as determined by the Compensation Committee of the Board of Directors of the Issuer, the phantom units, which are 1-for-1 common unit equivalents, were acquired on February 9, 2016.
- F2The phantom units vest 6,486 on March 1, 2017, 6,486 on March 1, 2018 and 6,487 on March 1, 2019.
- F3Phantom units, which are 1-for-1 common unit equivalents, acquired on February 9, 2016, pursuant to the Issuer's long-term incentive plan.
- F4The phantom units vest 15,267 on March 1, 2017, 15,267 on March 1, 2018 and 15,268 on March 1, 2019.