0001549848-16-000143.txt : 20160916 0001549848-16-000143.hdr.sgml : 20160916 20160916203636 ACCESSION NUMBER: 0001549848-16-000143 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160914 FILED AS OF DATE: 20160916 DATE AS OF CHANGE: 20160916 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Hi-Crush Partners LP CENTRAL INDEX KEY: 0001549848 STANDARD INDUSTRIAL CLASSIFICATION: MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400] IRS NUMBER: 900840530 STATE OF INCORPORATION: de FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: Three Riverway STREET 2: Suite 1550 CITY: Houston STATE: TX ZIP: 77056 BUSINESS PHONE: 713-963-0099 MAIL ADDRESS: STREET 1: Three Riverway STREET 2: Suite 1550 CITY: Houston STATE: TX ZIP: 77056 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: McEver Chad M. CENTRAL INDEX KEY: 0001555938 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35630 FILM NUMBER: 161890477 MAIL ADDRESS: STREET 1: THREE RIVERWAY STREET 2: SUITE 1350 CITY: HOUSTON STATE: TX ZIP: 77056 4 1 wf-form4_147407258222521.xml FORM 4 X0306 4 2016-09-14 0 0001549848 Hi-Crush Partners LP HCLP 0001555938 McEver Chad M. THREE RIVERWAY SUITE 1350 HOUSTON TX 77056 0 1 0 0 Vice President Phantom Units 2016-09-14 4 A 0 6723 0 A Common Units 6723.0 9823 D Phantom Units 2016-09-14 4 A 0 4481 0 A Common Units 4481.0 14304 D Phantom Units 2016-09-14 4 A 0 3202 0 A Common Units 3202.0 17506 D The reporting person is a participant in the Partnership's Long-Term Incentive Plan (the "Plan") and received 6,723 phantom units on September 14, 2016. The phantom units vest as follows: if the Partnership's performance on average for each calendar quarter for the three-year period ending December 31, 2018 compared to the performance of entities in a designated peer group is (a) at the 75th percentile or above, 200% of the phantom units will vest, (b) at the 50th percentile, 100% of the units will vest, (c) at the 25th percentile, 50% of the units will vest, or (d) below the 25th percentile, 0% of the units will vest. The number of phantom units that will vest between applicable percentiles will be determined by straight-line interpolation. Each phantom unit represents the right to receive, upon vesting, one common unit representing limited partner interests in the Partnership, along with tandem distribution equivalent rights. The phantom units expire upon settlement. Includes all phantom units beneficially owned by the reporting person following this reported transaction, including previously reported phantom units with varying vesting terms. The reporting person received 4,481 phantom units on September 14, 2016. If the reporting person remains employed on September 14, 2018, 50% of the phantom units will vest at the end of such two-year vesting period, and if the reporting person remains employed on September 14, 2019, the remaining 50% of the phantom units will vest at the end of such three-year vesting period. Each phantom unit represents the right to receive, upon vesting, one common unit representing limited partner interests in the Partnership, along with tandem distribution equivalent rights. The phantom units expire upon settlement. The reporting person received a one-time award of time-based vesting value, in addition to the annual long-term value granted, of 3,202 phantom units on September 14, 2016. If the reporting person remains employed on September 14, 2018, 50% of the phantom units will vest at the end of such two-year vesting period, and if the reporting person remains employed on September 14, 2019, the remaining 50% of the phantom units will vest at the end of such three-year vesting period. Each phantom unit represents the right to receive, upon vesting, one common unit representing limited partner interests in the Partnership, along with tandem distribution equivalent rights. The phantom units expire upon settlement. /s/ Mark C. Skolos as Attorney-in- Fact for Chad M. McEver 2016-09-16