Nina Barton - 01 Jul 2024 Form 4 Insider Report for CEDAR FAIR L P (FUN)

Role
Director
Signature
/s/ Nina Barton
Issuer symbol
FUN
Transactions as of
01 Jul 2024
Transactions value $
$74,623
Form type
4
Filing time
01 Jul 2024, 20:39:59 UTC
Previous filing
04 Jan 2024
Next filing
24 Jul 2024
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FUN Phantom Units Award $74.6K +1.37K +59.1% $54.35 3.7K 01 Jul 2024 Units of Limited Partner Interest 1.37K Direct F1, F2, F3
transaction FUN Phantom Units Disposed to Issuer -3.7K -100% 0 01 Jul 2024 Units of Limited Partner Interest 3.7K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Nina Barton is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Each phantom unit is the economic equivalent of one unit of limited partner interest in the Issuer. These phantom units are payable in units or a combination of cash and units when the Reporting Person's service to the Issuer ends.
F2 Represents phantom units acquired by the Reporting Person (in an exempt transaction) as deferred compensation pursuant to the Issuer's omnibus plan.
F3 Includes additional phantom unit distribution equivalents accrued on deferred units exempt under Rule 16a-11.
F4 Pursuant to that certain Agreement and Plan of Merger, dated as of November 2, 2023, (the "Merger Agreement"), by and among the Issuer, Six Flags Entertainment Corporation, CopperSteel HoldCo, Inc. (now known as Six Flags Entertainment Corporation) ("HoldCo") and CopperSteel Merger Sub, LLC, each unit of limited partner interest of the Issuer was converted into the right to receive one share of HoldCo common stock on July 1, 2024. In accordance with the terms of the Merger Agreement, each phantom unit held by the Reporting Person subject to vesting conditions under applicable deferred unit award agreements were converted into one share of HoldCo common stock.