SEC Form 4 · accession 0001104659-15-007480
TERRA NITROGEN CO L P /DE · TNH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Coley L Bailey
Director
Period of report
Feb 5, 2015
Accepted (ET)
Feb 6, 2015 · 5:32 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000879575
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Phantom Units | Feb 5, 2015 | A | 538 | $121.50 | A | 538 | D | |
| Phantom Units | Feb 5, 2015 | D | 538 | $121.50 | D | 0 | 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 | $0.00 | Feb 5, 2015 | D | 538 | D | — | — | Phantom Units | 538 | 3,581 | D |
| Phantom UnitsF2 | $0.00 | Feb 6, 2015 | A | 688 | A | — | — | Phantom Units | 688 | 4,269 | D |
Explanation of responses
- F1This transaction represents a cash settlement of the reporting person's phantom units awarded pursuant to the compensation plan for outside directors. The units, plus accrued distributions thereon, are settled in cash on a one-for-one basis with the Company's common units one year following the date of the award.
- F2The phantom units represent cash distribution equivalents pursuant to the compensation plan for outside directors. These phantom units will vest and be settled in cash on February 6, 2016, unless deferred at the reporting person's option and subject to the reporting person's continued service as a director at the time of vesting. Vested deferred phantom units are settled in cash after the reporting person ceases to be a director of the issuer.