Filing Details
- Accession Number:
- 0001209191-15-006304
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2015-01-23 18:38:51
- Reporting Period:
- 2015-01-21
- Filing Date:
- 2015-01-23
- Accepted Time:
- 2015-01-23 18:38:51
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
1533454 | Northern Tier Energy Lp | NTI | Petroleum Refining (2911) | 800763623 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1607248 | M Melissa Buhrig | C/O Northern Tier Energy Lp 1250 W. Washington Street, Suite 300 Tempe AZ 85281 | Exec Vp, General Counsel & Sec | No | Yes | No | No |
Reported Non-Derivative Transactions
Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|---|---|---|---|---|---|
Common Unit | Acquisiton | 2015-01-21 | 10,091 | $0.00 | 10,091 | No | 4 | M | Direct | |
Common Unit | Disposition | 2015-01-22 | 3,415 | $20.43 | 6,676 | No | 4 | S | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | M | Direct | |
No | 4 | S | Direct |
Reported Derivative Transactions
Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
---|---|---|---|---|---|---|---|
Common Unit | Phantom Unit | Disposition | 2015-01-21 | 10,091 | $0.00 | 10,091 | $0.00 |
Common Unit | Phantom Unit | Acquisiton | 2015-01-21 | 13,304 | $0.00 | 13,304 | $0.00 |
Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
---|---|---|---|---|---|---|
20,181 | No | 4 | M | Direct | ||
33,485 | No | 4 | A | Direct |
Footnotes
- These units were issued pursuant to phantom unit awards granted to the reporting person on May 15, 2014, (the "2014 Phantom Unit Award"), settled on January 21, 2015, at the election of the Board of Directors (the "Board") of Northern Tier Energy GP LLC,the general partner of NTI, in NTI common units.
- This sale was made pursuant to an election dated August 28, 2014, for the payment of income taxes required to be paid to the Internal Revenue Service as a result of the vesting of the equity award previously granted to the reporting person as compensation for services as an officer.
- The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or any security holder of the issuer, full information regarding the number of common units sold at each separate price.
- $20.4326 is the weighted average sale price. The common units were sold in various transactions through a broker at prices between $20.2300 per unit and $20.6200 per unit.
- Each phantom unit represents a contingent right to receive one common unit representing a limited partner interest in NTI or, at the election of the Board of the General Partner, or such Committee as may be appointed by the Board, the cash value thereof. The phantom units were awarded as compensation for services as an officer.
- These phantom units vest ratably on the third Wednesday in January of each of the three years following the date of grant. The vested common units underlying the phantom units, or the cash value thereof, will be delivered to the reporting person on or promptly following the vesting date applicable thereto, but not later than the 70th calendar day following the vesting of the phantom units.
- This number of derivative securities includes 20,181 phantom units that remain outstanding pursuant to the 2014 Phantom Unit Award.
- These phantom units were granted to the reporting person as compensation for services as an officer.
- This number of derivative securities includes (a) 20,181 phantom units that remaining outstanding pursuant to the 2014 Phantom Unit Award; and (b) 13,304 phantom units that remain outstanding pursuant to a phantom unit award granted to the reporting person on January 21, 2015.