0001357371-15-000056.txt : 20150219 0001357371-15-000056.hdr.sgml : 20150219 20150218190038 ACCESSION NUMBER: 0001357371-15-000056 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20150213 FILED AS OF DATE: 20150218 DATE AS OF CHANGE: 20150218 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Breitburn Energy Partners LP CENTRAL INDEX KEY: 0001357371 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 743169953 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 515 SOUTH FLOWER STREET STREET 2: SUITE 4800 CITY: LOS ANGELES STATE: CA ZIP: 90071 BUSINESS PHONE: (213) 225-5900 MAIL ADDRESS: STREET 1: 515 SOUTH FLOWER STREET STREET 2: SUITE 4800 CITY: LOS ANGELES STATE: CA ZIP: 90071 FORMER COMPANY: FORMER CONFORMED NAME: BreitBurn Energy Partners L.P. DATE OF NAME CHANGE: 20060324 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Washburn Halbert S CENTRAL INDEX KEY: 0001347806 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-33055 FILM NUMBER: 15629678 MAIL ADDRESS: STREET 1: 515 SOUTH FLOWER STREET 48TH FLOOR STREET 2: SUITE 4800 CITY: LOS ANGELES STATE: CA ZIP: 90071 4 1 wf-form4_142430402810677.xml FORM 4 X0306 4 2015-02-13 0 0001357371 Breitburn Energy Partners LP BBEP 0001347806 Washburn Halbert S 515 S. FLOWER STREET SUITE 4800 LOS ANGELES CA 90071 1 1 0 0 Chief Executive Officer Convertible Phantom Units 2015-02-13 4 A 0 1129 0 A 2015-12-28 2015-12-28 Common Units 1129.0 107512 D Convertible Phantom Units 2015-02-13 4 A 0 1275 0 A 2016-12-28 2016-12-28 Common Units 1275.0 121467 D Restricted Phantom Units 2015-02-13 4 A 0 718 0 A 2025-12-28 2025-12-28 Common Units 718.0 68381 D Each Convertible Phantom Unit ("CPU") is a phantom equity award which includes a performance distribution right ("PDR") that entitles the holder to distributions at the same rate payable to common unitholders based upon the number of CPUs. Represents additional CPUs received by the Reporting Person pursuant to the terms of previously granted PDRs. Each PDR entitles the Reporting Person to additional CPUs with a value equal to the amount of distributions paid on each common unit. On February 13, 2015, BBEP paid a cash distribution to holders of its common units in an amount equal to 8.33 cents per common unit. Pursuant to the terms of the PDRs, the Reporting Person received a number of additional CPUs in respect of each PDR with a value (based on the closing price of BBEP's common units on the distribution date ($7.85)) equal to the per unit amount of the distribution. Common Units representing limited partner interests ("common units"). The total reflects a reduction in the number of CPUs in connection with amendments to the CPU Agreements for grants made in 2013 and 2014, which provided, among other things, for the forfeiture of PDRs that had been credited from the date of the initial grant until the date of the amendments. Each Restricted Phantom Unit ("RPU") is the economic equivalent of one common unit which includes a distribution equivalent right ("DER") that entitles the holder to cash distributions at the same rate payable to common unitholders. Represents additional RPUs received by the Reporting Person pursuant to the terms of previously granted DERs. Each DER entitles the Reporting Person to additional RPUs with a value equal to the amount of distributions paid on each of BBEP's common units. On February 13, 2015, BBEP paid a cash distribution to holders of its common units in an amount equal to 8.33 cents per common unit. Pursuant to the terms of the DERs, the Reporting Person received a number of additional RPUs in respect of each DER with a value (based on the closing price of BBEP's common units on the distribution date ($7.85) equal to the per unit amount of the distribution. /s/ Gloria Lee, Attorney-in-Fact 2015-02-18