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If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) |
Except as otherwise provided in the Reporting Person's Phantom Unit Grant Agreement, 50% of the phantom units vested on December 1, 2016 (First Tranche) and the remaining 50% vest on December 1, 2017 (Second Tranche). All phantom units will be settled in cash, but the timing of the cash payment of the First Tranche was determined by a payment election the Reporting Person was required to make 30-days after the grant date. Pursuant to the terms of the grant agreement, the Reporting Person elected to defer the payment of the vested First Tranche until the payment associated with the Second Tranche, except for amounts accelerated and withheld to satisfy applicable tax withholding obligations related to the December 1, 2016 vesting event. The Second Tranche is not subject to a deferral election and will be paid to the Reporting Person within 30 days of the vesting event. |
(2) |
Each phantom unit is the economic equivalent of one common unit of the Issuer. |
(3) |
Except as otherwise provided in the Reporting Person's Phantom Unit Grant Agreement, 50% of the phantom units vest on December 1, 2017 (First Tranche) and the remaining 50% vest on December 1, 2018 (Second Tranche). All phantom units will be settled in cash, but the timing of the cash payment of the First Tranche was determined by a payment election the Reporting Person was required to make 30-days after the grant date. Pursuant to the terms of the grant agreement, the Reporting Person elected to have the phantom common units associated with the First Tranche paid within 30 days of vesting of the First Tranche. The Second Tranche is not subject to a deferral election and will be paid to the Reporting Person within 30 days of the vesting event. |
(4) |
Except as otherwise provided in the Reporting Person's Phantom Unit Grant Agreement, 50% of the phantom units vest on December 1, 2018 (First Tranche) and the remaining 50% vest on December 1, 2019 (Second Tranche). All phantom units will be settled in cash, but the timing of the cash payment of the First Tranche will be determined by the payment election the Reporting Person is required to make by March 3, 2017. The Reporting Person may elect to have the phantom units paid in connection with the vesting of the First Tranche or deferred until the payment associated with the Second Tranche, except for amounts accelerated and withheld to satisfy applicable tax withholding obligations related to the December 1, 2018, vesting event. The Second Tranche is not subject to a deferral election and will be paid to the Reporting Person within 30 days of the vesting event. |