Daniel L. Sheets - 03 May 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
03 May 2022
Net transactions value
$0
Form type
4
Filing time
05 May 2022, 21:59:04 UTC
Previous filing
08 Mar 2022
Next filing
04 Aug 2022
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 CLMT Phantom Unit Award $0 +1,490 $0.000000 1,490 03 May 2022 Common Unit 1,490 Direct F1, F2
transaction CLMT Phantom Units Award $0 +497 $0.000000 497 03 May 2022 Common Unit 497 Direct F1, 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 a Calumet Specialty Products Partners, L.P. Common Unit.
F2 Each Phantom Unit becomes payable either in the form of a Common Unit or the cash value thereof upon the earlier of the date specified by the reporting person or the reporting person's termination date. Phantom Units are 100% vested.
F3 Each Phantom Unit becomes payable either in the form of a Common Unit or the cash value thereof upon the earlier of the date specified by the reporting person or the reporting person's termination date pursuant to the Deferred Compensation Plan. 25% of the Phantom Units vest on July 1 of each year beginning on July 1, 2023.