SEC Form 4 · accession 0000811532-15-000075
CEDAR FAIR L P · FUN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kelley Semmelroth
Officer — Exec VP & CMO
Period of report
Feb 15, 2015
Accepted (ET)
Feb 27, 2015 · 4:46 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000811532
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Units of Limited Partner InterestF1 | Feb 15, 2015 | M | 8,872 | — | A | 26,767 | D | |
| Units of Limited Partner InterestF2 | Feb 15, 2015 | F | 3,549 | $53.80 | D | 23,218 | D | |
| Units of Limited Partner InterestF3 | Feb 25, 2015 | A | 2,097 | — | A | 25,315 | D | |
| Units of Limited Partner Interest | Feb 25, 2015 | A | 2,633 | $0.00 | A | 27,948 | D | |
| Units of Limited Partner InterestF4 | Feb 25, 2015 | F | 1,053 | $55.68 | D | 26,895 | D | |
| Units of Limited Partner InterestF5 | Feb 26, 2015 | F | 234 | $55.68 | D | 26,661 | 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,F8 | — | Feb 15, 2015 | M | 8,872 | D | Feb 15, 2015 | Feb 15, 2015 | Units of Limited Partner Interest | 8,872 | 0 | D |
| call options to purchase limited partnership unitsF6 | $36.95 | holding | — | — | — | — | Feb 26, 2023 | Units of Limited Partner Interest | 13,943 | 13,943 | D |
| call options to purchase limited partnership unitsF7 | $29.53 | holding | — | — | — | — | Mar 27, 2022 | Units of Limited Partner Interest | 9,528 | 9,528 | D |
Explanation of responses
- F1Each phantom unit is the economic equivalent of one limited partner unit in Cedar Fair, L.P.
- F2Units were withheld to satisfy tax liability in connection with vesting of phantom units.
- F3These units were granted pursuant to the Partnership's 2008 Omnibus Incentive Plan.
- F4Units were withheld to satisfy tax liability in connection with vesting of performance units.
- F5Units were withheld to satisfy tax liability in connection with vesting of restricted units
- F6Options vest at a rate of 33% per year on each anniversary date, beginning on February 26, 2014.
- F7Options vest at a rate of 33% per year on each anniversary date, beginning on March 27, 2013.
- F8This award vested in two equal installments on February 15, 2014 and 2015, respectively.