Filing Details

Accession Number:
0001549848-17-000032
Form Type:
4
Zero Holdings:
No
Publication Time:
2017-03-02 19:54:18
Reporting Period:
2017-02-28
Filing Date:
2017-03-02
Accepted Time:
2017-03-02 19:54:18
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1549848 Hi-Crush Partners Lp HCLP Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400) 900840530
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1660841 E William Barker Three Riverway
Suite 1350
Houston TX 77056
Vice President 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 Units Acquisiton 2017-02-28 17,298 $5.14 18,838 No 4 M Direct
Common Units Disposition 2017-02-28 4,100 $17.69 14,738 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 Units Purchase Rights for Units Disposition 2017-02-28 17,298 $0.00 17,298 $5.14
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2017-02-28 2017-02-28 No 4 M Direct
Footnotes
  1. Exercise of purchase rights for common units exempt under Rule 16b-3.
  2. On December 14, 2015, the reporting person was granted the right to purchase, on February 28, 2017, at $5.14 per common unit, up to the number of common units that are equal to (i) his elected percentage of compensation multiplied by (ii) his actual eligible compensation during the period of the Hi-Crush Partners LP Unit Purchase Program's ("UPP") applicability, divided by (iii) 5.14; provided that such number of common units shall be capped at 20,000 common units. The number of derivative securities acquired and underlying common units reported on his Form 4 filed December 16, 2015, which was 16,643, was based on the application of the foregoing formula using his elected percentage of compensation and amount of eligible compensation at such time. Due to increases in his actual eligible compensation, based on the application of the foregoing formula on the February 28, 2017 purchase date, he had the right to purchase, and did purchase, 17,298 common units.
  3. The sale reported in this Form 4 was effected pursuant to a 10b5-1 trading plan adopted by the person on December 9, 2016 and represents the number of common units sold by the reporting person to cover estimated tax withholding obligations in connection with the vesting of the Purchase Rights for Units listed in Table II.
  4. The price reported in Column 4 is a weighted average price. The common units were sold in multiple transactions at prices ranging from $17.45 to $17.90, inclusive. The reporting person undertakes to provide to Hi-Crush Partners LP, any security holder of Hi-Crush Partners LP, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of common units sold at each separate price within the range set forth in this footnote.