Home > Insider Trading > Filing (0001062993-11-002117)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1357371	Breitburn Energy Partners L.p.	BBEP	Crude Petroleum & Natural Gas (1311)	743169953

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1377074	S Charles Weiss	515 S. Flower Street Suite 4800 Los Angeles CA 90071		Yes	No	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 Representing Limited Partner Interests	Disposition	2011-05-13	4,596	$20.50	17,542	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Units	Phantom Units	Acquisiton	2011-05-13	341	$0.00	341	$0.00
Common Units	Phantom Units	Acquisiton	2011-05-13	264	$0.00	264	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
16,918			No	4	A	Direct
13,123			No	4	A	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Units Representing Limited Partner Interests	10,000	Indirect	Family Trust

Footnotes

Each Phantom Unit is the economic equivalent of one common unit representing a limited partner interest in BBEP (a "common unit").
Represents additional Phantom Units received by the Reporting Person pursuant to the terms of previously granted Distribution Equivalent Rights. Each Distribution Equivalent Right entitles the Reporting Person to additional Phantom Units with a value equal to the amount of distributions paid on each of BBEP's common units. On May 13, 2011, BBEP paid a cash distribution to holders of its common units in an amount equal to 41.75 cents per common unit. Pursuant to the terms of the Distribution Equivalent Rights, the Reporting Person received a number of additional Phantom Units in respect of each Distribution Equivalent Right with a value (based on the closing price of BBEP's common units on the distribution date ($20.31)) equal to the per unit amount of the distribution
The Phantom Units will be settled at the election of BBEP for an equal number of common units or for cash on January 1, 2012.
The Phantom Units will be settled at the election of BBEP for an equal number of common units or for cash on January 1, 2013.
The reported common units shown as indirectly owned are owned directly by WFI, LLC, which is wholly owned by Mr. Weiss and his family. Mr. Weiss has the power and authority to dispose of the common units, and accordingly, may be deemed to be the beneficial owner of such common units.