SEC Form 4 · accession 0000811532-17-000106
CEDAR FAIR L P · FUN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew A Ouimet
Officer — CEO · Director
Period of report
Jul 11, 2017
Accepted (ET)
Jul 13, 2017 · 4:16 pm EDT
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 InterestF2 | Jul 11, 2017 | S | 6,500 | $68.68 | D | 200,799 | D | |
| Units of Limited Partner InterestF3 | Jul 11, 2017 | S | 2,600 | $69.42 | D | 198,199 | D | |
| Units of Limited Partner Interest | holding | — | — | — | 1,000 | I | By Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| call options to purchase limited partnership unitsF4 | $36.95 | holding | — | — | — | — | Feb 26, 2023 | Units of Limited Partner Interest | 122,492 | 122,492 | D |
| call options to purchase limited partnership unitsF5 | $29.53 | holding | — | — | — | — | Mar 27, 2022 | Units of Limited Partner Interest | 86,387 | 86,387 | D |
| Restricted UnitsF6,F7 | — | holding | — | — | — | — | — | Units of Limited Partner Interest | 124,234 | 124,234 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 25, 2017.
- F2The price reported in Column 4 is a weighted average price. These units were sold in multiple transactions ranging from $68.26 to $69.24, inclusive. The reporting person undertakes to provide to Cedar Fair, L.P., any unit holder of Cedar Fair, L.P., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of units sold at each separate price within the ranges set forth in this footnote.
- F3The price reported in Column 4 is a weighted average price. These units were sold in multiple transactions ranging from $69.26 to $70.00, inclusive.
- F4Options vest at a rate of 33% per year on each anniversary date, beginning on February 26, 2014.
- F5Options vest at a rate of 33% per year on each anniversary date, beginning on March 27, 2013.
- F6Represents restricted units acquired by the reporting person upon satisfaction of performance period. Each restricted unit is the economic equivalent of one limited partner unit in Cedar Fair, L.P.
- F7Units vest at a rate of 50% on December 29, 2017 and December 31, 2018.