SEC Form 4/A · accession 0001614884-15-000004
Transocean Partners LLC · RIGP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Kathleen S McAllister
Officer — President and CEO · Director
Period of report
Feb 26, 2015
Accepted (ET)
May 8, 2015 · 6:14 am EDT
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 26, 2015 | A | 19,459 | A | Mar 1, 2016 | — | Common Units | 19,459 | 19,459 | D |
Explanation of responses
- F11.Phantom units, which are 1-for-1 common unit equivalents, acquired on February 26, 2015, pursuant to the Issuer's long-term incentive plan. This amendment is being filed to correct the number of phantom units previously reported and the vesting schedule thereof. Fifty percent (50%) of the phantom units granted to the reporting person may be earned based on achievement of performance objectives for 2015. Performance rights that do not vest on the basis of the market price of equity securities of the Issuer are not derivative securities at the time of grant. Accordingly, such phantom units are not currently reportable as derivative securities and this Form 4 reflects the grant of the time-based phantom units only.
- F2The phantom units vest 6,486 on March 1, 2016, 6,486 on March 1, 2017 and 6,487 on March 1, 2018.