SEC Form 4 · accession 0001104659-18-006216
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
Jan 31, 2018
Accepted (ET)
Feb 2, 2018 · 4:02 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 | Jan 31, 2018 | A | 874 | $84.27 | A | 874 | D | |
| Phantom Units | Jan 31, 2018 | D | 874 | $84.27 | 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 | Jan 31, 2018 | D | 874 | D | — | — | Phantom Units | 874 | 4,467 | D |
| Phantom UnitsF2 | $0.00 | Jan 31, 2018 | A | 1,117 | A | — | — | Phantom Units | 1,117 | 5,584 | D |
Explanation of responses
- F1This transaction represents a cash settlement of the reporting person's phantom units that vested on January 31, 2018 pursuant to the compensation plan for non-employee directors (other than any phantom units deferred by the reporting person pursuant to the compensation plan for non-employee directors). The units, plus accrued distributions thereon, are settled in cash on a one-for-one basis with the Company's common units on the date the award vested.
- F2These phantom units will vest and be settled in cash on the earlier of (i) the reporting person's separation from service that is other than a removal for cause or (ii) the date of the first board meeting in 2019, unless deferred at the reporting person's option. Vested deferred phantom units are settled in cash after the reporting person ceases to be a director of the issuer.