SEC Form 4 · accession 0000811532-18-000055
CEDAR FAIR L P · FUN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew A Ouimet
Officer — Executive Chairman · Director
Period of report
Feb 26, 2018
Accepted (ET)
Feb 28, 2018 · 5:26 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 26, 2018 | F | 11,709 | $68.13 | D | 231,348 | D | |
| Units of Limited Partner InterestF3 | Feb 27, 2018 | S | 3,400 | $67.46 | D | 227,948 | D | |
| Units of Limited Partner InterestF4 | Feb 27, 2018 | S | 600 | $68.01 | D | 227,348 | 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 unitsF5 | $36.95 | holding | — | — | — | — | Feb 26, 2023 | Units of Limited Partner Interest | 122,492 | 122,492 | D |
| call options to purchase limited partnership unitsF6 | $29.53 | holding | — | — | — | — | Mar 27, 2022 | Units of Limited Partner Interest | 86,387 | 86,387 | D |
| Restricted UnitsF7,F8 | — | holding | — | — | — | — | — | Units of Limited Partner Interest | 62,117 | 62,117 | D |
Explanation of responses
- F1Units were withheld to satisfy tax liability in connection with vesting of restricted units.
- F2The 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.
- F3The price reported in Column 4 is a weighted average price. These units were sold in multiple transactions ranging from $66.92 to $67.64, 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.
- F4The price reported in Column 4 is a weighted average price. These units were sold in multiple transactions ranging from $68.00 to $68.03, inclusive.
- F5Options vest at a rate of 33% per year on each anniversary date, beginning on February 26, 2014.
- F6Options vest at a rate of 33% per year on each anniversary date, beginning on March 27, 2013.
- F7Represents 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.
- F8Units vest on December 31, 2018.