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