Daniel L. Sheets - 04 Mar 2022 Form 4 Insider Report for Calumet Specialty Products Partners, L.P.

Role: Director
Signature: /s/ Vincent Donargo, as attorney-in-fact
Issuer symbol: N/A
Transactions as of: 04 Mar 2022
Net transactions value: $0
Form type: 4
Filing time: 08 Mar 2022, 08:39:43 UTC
Previous filing: 24 Feb 2022
Next filing: 05 May 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CLMT	Common Unit	Options Exercise	$0	+7,103	+27%	$0.000000	33,617	04 Mar 2022	Direct

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	CLMT	Phantom Units	Options Exercise	$0	-7,103	-100%	$0.000000^*	0	04 Mar 2022	Common Units	7,103		Direct	F1, F2

* 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 a Calumet Specialty Products Partners, L.P. Common Unit.
F2	25% of the Phantom Units vested immediately and the remaining vest ratably over three years on December 31 of each year beginning on December 31, 2019.