-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Fn+feMZ5xNu6Wih2NIBPSiPsBWOv9YcUKAe3OlBgsulKnJtWoJVccM7a97XYfElH 9WjDB/JpNpAxF2ceENn9oA== 0001104659-07-091275.txt : 20071228 0001104659-07-091275.hdr.sgml : 20071228 20071228145035 ACCESSION NUMBER: 0001104659-07-091275 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20071226 FILED AS OF DATE: 20071228 DATE AS OF CHANGE: 20071228 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: BreitBurn Energy Partners L.P. 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, SUITE 4800 CITY: LOS ANGELES STATE: CA ZIP: 90071 BUSINESS PHONE: (213) 225-5900 MAIL ADDRESS: STREET 1: 515 SOUTH FLOWER STREET, SUITE 4800 CITY: LOS ANGELES STATE: CA ZIP: 90071 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Washburn Willis Jackson CENTRAL INDEX KEY: 0001408559 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-33055 FILM NUMBER: 071331610 BUSINESS ADDRESS: BUSINESS PHONE: (213) 225-5900 MAIL ADDRESS: STREET 1: C/O BREITBURN ENERGY PARTNERS L.P. STREET 2: 515 SOUTH FLOWER STREET, SUITE 4800 CITY: LOS ANGELES STATE: CA ZIP: 90071 4 1 a4.xml 4 X0202 4 2007-12-26 0 0001357371 BreitBurn Energy Partners L.P. BBEP 0001408559 Washburn Willis Jackson 515 SOUTH FLOWER STREET SUITE 4800 LOS ANGELES CA 90071 0 1 0 0 V. P., Business Development Restricted Phantom Units 2007-12-26 4 A 0 12910 0 A Common Units 12910 12910 D Convertible Performance Units 2007-12-26 4 A 0 32000 0 A Common Units 32000 32000 D Each Restricted Phantom Unit ("RPU") is the economic equivalent of one common unit representing a limited partner interest in BBEP (a "common unit") which includes a distribution equivalent right that entitles the holder to cash distributions at the same rate payable to common unitholders on a quarterly basis. On each of January 1, 2009, January 1, 2010 and January 1, 2011, one-third of the RPUs will be settled for an equal number of common units. Each Convertible Performance Unit ("CPU") is a phantom equity award which includes a distribution equivalent right that entitles the holder to cash distributions at the same rate payable to common unitholders on a quarterly basis based upon the number of CPUs multiplied by a number ranging from 0 to 4.768 (the "multiplier"), reflecting whether specified performance metrics are attained. On the earlier of January 1, 2013 and the date on which distributions paid to common unitholders for four consecutive quarters are greater than or equal to $3.10 per common unit, the CPUs will be settled for a number of common units determined by multiplying each CPU by the multiplier. If distributions to common unitholders decrease during the vesting period, the settlement amount may be decreased to recoup earlier distributions paid to the holder. /s/ Roberta E. Kass, Attorney-in-Fact 2007-12-28 -----END PRIVACY-ENHANCED MESSAGE-----