Bruce A. Fleming - 20 Apr 2023 Form 4 Insider Report for Calumet Specialty Products Partners, L.P. (CLMT)

Role
EVP - Montana Renewables
Signature
/s/ Vincent Donargo, as attorney-in-fact
Issuer symbol
CLMT
Transactions as of
20 Apr 2023
Transactions value $
$0
Form type
4
Date filed
03 Aug 2023, 17:40
Previous filing
03 Mar 2023
Next filing
22 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CLMT Common Units Options Exercise $0 +63.2K +20.11% $0.00 378K 20 Apr 2023 Direct
transaction CLMT Common Units Tax liability $0 -24.7K -6.54% $0.00 353K 20 Apr 2023 Direct F1

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 -63.2K -100% $0.00* 0 20 Apr 2023 Common Units 63.2K Direct F2, F3
transaction CLMT Phantom Unit Award $0 +107K $0.00 107K 01 Aug 2023 Common Units 107K Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person elected to surrender 24,678 common units to satisfy tax withholding liabilities upon delivery of common units in accordance with Rule 16b-3.
F2 Each Phantom Unit is the economic equivalent of a Calumet Specialty Products Partners, L.P. Common Unit.
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. Phantom Units are 100% vested.
F4 Phantom Units vest on August 1, 2026. Phantom Units will be settled upon vesting.