0001104659-18-023263.txt : 20180410 0001104659-18-023263.hdr.sgml : 20180410 20180410162721 ACCESSION NUMBER: 0001104659-18-023263 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20180406 FILED AS OF DATE: 20180410 DATE AS OF CHANGE: 20180410 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Huff Mark CENTRAL INDEX KEY: 0001684268 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-32505 FILM NUMBER: 18748294 MAIL ADDRESS: STREET 1: 1670 BROADWAY STREET 2: SUITE 3100, C/O TRANSMONTAIGNE CITY: DENVER STATE: CO ZIP: 80202 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: TransMontaigne Partners L.P. CENTRAL INDEX KEY: 0001319229 STANDARD INDUSTRIAL CLASSIFICATION: PIPE LINES (NO NATURAL GAS) [4610] IRS NUMBER: 342037221 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1670 BROADWAY STREET 2: SUITE 3100 CITY: DENVER STATE: CO ZIP: 80202 BUSINESS PHONE: 303-626-8200 MAIL ADDRESS: STREET 1: 1670 BROADWAY STREET 2: SUITE 3100 CITY: DENVER STATE: CO ZIP: 80202 4 1 a4.xml 4 X0306 4 2018-04-06 0 0001319229 TransMontaigne Partners L.P. TLP 0001684268 Huff Mark 1670 BROADWAY, SUITE 3100 DENVER CO 80202 0 1 0 0 President Common Units Representing Limited Partner Interests 2018-04-06 4 M 0 4579.7334 A 11829.7334 D Common Units Representing Limited Partner Interests 2018-04-06 4 F 0 1219.7334 36.27 D 10610 D Phantom Units 2018-04-06 4 M 0 4580.2867 D Common Units Representing Limited Partner Interests 4580.2867 24889.7812 D Represents the settlement of phantom units granted to the Reporting Person in 2016 under the TLP Management Services LLC Savings and Retention Plan, which constitutes a "Program" under the 2016 Long Term Incentive Plan (the "Plan") via the issuance of common units representing limited partner interests in TransMontaigne Partners L.P. (the "common units"). The form of settlement was approved by the Plan Administrator, and settled in common units, net of 0.5533 fraction units, which were paid out in cash, on April 6, 2018, which is deemed the "settlement date" of the 2016 award for the purposes of this Report. Pursuant to applicable SEC reporting requirements, the settlement of the phantom units in exchange for common units is reported on this Form 4 as a disposition of the phantom units being settled in exchange for the acquisition of the underlying common units. Each phantom unit represents the right to receive one common unit of TransMontaigne Partners L.P. ("TLP") or the cash value thereof. Phantom units awarded under the Plan vest 50% as of the first day of the month that falls closest to the second anniversary of the grant date, with the remaining 50% vesting as of the first day of the month that falls closest to the third anniversary of the grant date. The phantom units are subject to earlier vesting upon a change in control or upon achieving certain age or length of service thresholds as defined in the Plan. The Reporting Person has satisfied the age and length of service thresholds of the Plan. Awards are payable as to 50% of a participant's annual award in the month containing the second anniversary of the grant date, and the remaining 50% in the month containing the third anniversary of the grant date, subject to earlier payment upon the participant's retirement after achieving the age or service thresholds, death or disability, involuntary termination without cause or termination following a change in control, each as specified in the plan. Phantom units may be paid out, in the sole discretion of the Plan Administrator, in cash or in common units, or a combination thereof. For phantom units settled in common units, under the Plan the value of the vested portion of a grant is determined as of the last exchange trading day of the month in which such grant vests. Accordingly, the first 50% of the Reporting Person's 2016 award of phantom units vested on March 1, 2018 and was valued at the closing market price on March 29, 2018. The form of settlement was approved by the Plan Administrator, and settled in common units, net of taxes, on the settlement date. /s/ Mark S. Huff 2018-04-10