Jack H. Stark - 28 May 2021 Form 4 Insider Report for Cypress Environmental Partners, L.P. (CELP)

Role
Director
Signature
/s/ Jonathan M. Cinocca, Attorney-in-Fact for Jack H. Stark
Issuer symbol
CELP
Transactions as of
28 May 2021
Transactions value $
$0
Form type
4
Filing time
01 Jun 2021, 16:05:40
Next filing
13 Dec 2021
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 CELP Phantom Units (Limited Partner Interests) Award +23.4K 23.4K 28 May 2021 Common Units (Limited Partner Interests) 23.4K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each phantom unit is the economic equivalent of one common unit.
F2 Vests in three substantially equal installments commencing on May 28, 2022, 2023 and 2024.
F3 The phantom units expire upon settlement. The phantom units are settled upon vesting in common units (on a one-for-one basis) or in cash, at the discretion of the Issuer.

Remarks:

The Reporting Person is a director of Cypress Environmental Partners GP, LLC, the general partner of the Issuer (the "General Partner"). The Issuer is managed by the directors and executive officers of the General Partner.