Form Type: 4

SEC EDGAR Link
Accession Number:0001549848-18-000108
Date:2018-12-21
Issuer: HI-CRUSH PARTNERS LP (HCLP)
Original Submission Date:

Reporting Person:

BARKER WILLIAM E
1330 POST OAK BLVD
SUITE 600 HOUSTON, TX 77056

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
PHANTOM UNITS 0.0 2018-12-21 deemed execution date A 59,583 (a) common units 59,583 $0.00 126,742 direct
PHANTOM UNITS 0.0 2018-12-21 deemed execution date A 59,584 (a) common units 59,584 $0.00 186,326 direct
Footnotes
IDfootnote
f1 the reporting person is a participant in the partnership's first amended and restated long-term incentive plan and received 59,583 phantom units on december 21, 2018. the phantom units vest as follows: if the partnership's performance for the period from january 1, 2019-december 31, 2021 compared to the performance of entities in a designated peer group is (a) at the 75th percentile or above, 200% of the phantom units will vest, (b) at the 50th percentile, 100% of the units will vest, (c) at the 25th percentile, 50% of the units will vest, or (d) below the 25th percentile, 0% of the units will vest. the number of phantom units that will vest between applicable percentiles will be determined by straight-line interpolation. each phantom unit represents the right to receive, upon vesting, one common unit representing limited partner interests in the partnership, along with tandem distribution equivalent rights. the phantom units expire upon settlement.
f2 includes all phantom units beneficially owned by the reporting person following this reported transaction, including previously reported phantom units with varying vesting terms.
f3 the reporting person received 59,584 phantom units on december 21, 2018. if the reporting person remains employed on december 21, 2020, 50% of the phantom units will vest at the end of such two-year vesting period, and if the reporting person remains employed on december 21, 2021, the remaining 50% of the phantom units will vest at the end of such three-year vesting period. each phantom unit represents the right to receive, upon vesting, one common unit representing limited partner interests in the partnership, along with tandem distribution equivalent rights. the phantom units expire upon settlement.
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