X0306 4 2016-02-05 0 0000879575 TERRA NITROGEN CO L P /DE TNH 0001234192 LLOYD ANNE H C/O TERRA NITROGEN COMPANY, L.P. 4 PARKWAY NORTH, SUITE 400 DEERFIELD IL 60015 1 0 0 0 Phantom Units 2016-02-05 4 A 0 372.58 97.84 A 372.58 D Phantom Units 2016-02-05 4 D 0 372.58 97.84 D 0 D Phantom Units 0.00 2016-02-05 4 D 0 372.58 97.84 D Phantom Units 372.58 2068.43 D Phantom Units 0.00 2016-02-05 4 A 0 847.86 106.15 A Phantom Units 847.86 2916.29 D This transaction represents a cash settlement of the reporting person's phantom units that vested on February 5, 2016 pursuant to the compensation plan for non-employee directors (other than any phantom units deferred by the reporting person pursuant to the compensation plan for non-employee directors). The units, plus accrued distributions thereon, are settled in cash on a one-for-one basis with the Company's common units on the date the award vested. These phantom units will vest and be settled in cash on the earlier of (i) the reporting person's separation from service that is other than a removal for cause or (ii) the date of the first board meeting in 2017, unless deferred at the reporting person's option. Vested deferred phantom units are settled in cash after the reporting person ceases to be a director of the issuer. The reporting person has elected to defer 423.93 of the phantom units reported hereon upon vesting. /s/ Douglas C. Barnard, by power of attorney 2016-02-09