0001140361-14-028769.txt : 20140718
0001140361-14-028769.hdr.sgml : 20140718
20140718160730
ACCESSION NUMBER: 0001140361-14-028769
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20140716
FILED AS OF DATE: 20140718
DATE AS OF CHANGE: 20140718
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PetroLogistics LP
CENTRAL INDEX KEY: 0001523733
STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS CHEMICAL PRODUCTS [2890]
IRS NUMBER: 452532754
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 600 TRAVIS STREET
STREET 2: SUITE 3250
CITY: HOUSTON
STATE: TX
ZIP: 77002
BUSINESS PHONE: 713-255-5990
MAIL ADDRESS:
STREET 1: 600 TRAVIS STREET
STREET 2: SUITE 3250
CITY: HOUSTON
STATE: TX
ZIP: 77002
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Vanderhider Hallie A.
CENTRAL INDEX KEY: 0001575697
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35529
FILM NUMBER: 14982741
MAIL ADDRESS:
STREET 1: 600 TRAVIS STREET, SUITE 3250
CITY: HOUSTON
STATE: TX
ZIP: 77002
4
1
doc1.xml
FORM 4
X0306
4
2014-07-16
1
0001523733
PetroLogistics LP
PDH
0001575697
Vanderhider Hallie A.
600 TRAVIS STREET, SUITE 3250
HOUSTON
TX
77002
1
0
0
0
Common Units representing limited partner interests
2014-07-16
4
D
0
15447
D
0
D
The amount of securities reported in Column 4 includes 7,628 unvested phantom units that were awarded to the reporting person pursuant to the PetroLogistics Long Term Incentive Plan on May 14, 2014. Each phantom unit was the economic equivalent of one common unit and was accompanied by a distribution equivalent right entitling the holder to an amount of cash equal to the value of any cash distributions paid on each of the issuer's common units during the period in which the phantom unit was held.
Pursuant to the Agreement and Plan of Merger and Membership Interest Transfer Agreement, dated as of May 27, 2014, by and among the issuer, PetroLogistics GP LLC, Propylene Holdings LLC, Flint Hill Resources, LLC and FHR Propylene, LLC (the "Merger Agreement"), all of the common units and phantom units held by the reporting person were cancelled and converted into the right to receive $14.00 per common unit, subject to any required withholding taxes, and the right to receive a final one-time cash distribution in accordance with the provisions of the Merger Agreement and which will be calculated to approximate the distribution that would have otherwise been paid for the period through the closing date of the merger, subject to an additional reserve to cover a portion of the merger-related costs of the issuer on the effective date of the merger.
/s/ Hallie A. Vanderhider
2014-07-18