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CLMT Calumet Specialty Products Partners LP

16.29
0.36 (2.26%)
04 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Calumet Specialty Products Partners LP NASDAQ:CLMT NASDAQ Trust
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.36 2.26% 16.29 14.50 18.00 16.26 15.8256 16.00 68,533 05:00:01

Statement of Changes in Beneficial Ownership (4)

04/03/2021 10:54pm

Edgar (US Regulatory)


FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Mawer Stephen P
2. Issuer Name and Ticker or Trading Symbol

Calumet Specialty Products Partners, L.P. [ CLMT ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Chief Executive Officer
(Last)          (First)          (Middle)

2780 WATERFRONT PARKWAY EAST DRIVE, SUITE 200
3. Date of Earliest Transaction (MM/DD/YYYY)

3/3/2021
(Street)

INDIANAPOLIS, IN 46214
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Units 3/3/2021  M  7882 A$0 98578 D  
Common Units 3/3/2021  M  49735 A$0 148313 D  
Common Units 3/3/2021  A  7102 A$0 155415 D  
Common Units 3/3/2021  F  30865 (1)D$0 124550 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Unit  (2)3/3/2021  M     7882   (3) (3)Common Unit 7882.0 $0 0 D  
Phantom Unit  (2)3/3/2021  M     49735   (4) (4)Common Unit 49735.0 $0 0 D  
Phantom Unit  (2)3/3/2021  M     7102   (5) (5)Common Unit 7102.0 $0 7102 D  

Explanation of Responses:
(1) The reporting person elected to surrender 30,865 common units to satisfy tax withholding liabilities upon delivery of common units in accordance with Rule 16b-3.
(2) Each Phantom Unit is the economic equivalent of a Calumet Specialty Products Partners, L.P. Common Unit.
(3) 25% of the Phantom Units vested immediately and the remaining vest ratably over three years on December 31 of each year beginning on December 31, 2018.
(4) 100% of the Phantom Units vest on December 31, 2020.
(5) 25% of the Phantom Units vested immediately and the remaining vest ratably over three years on December 31 of each year beginning on December 31, 2019.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Mawer Stephen P
2780 WATERFRONT PARKWAY EAST DRIVE
SUITE 200
INDIANAPOLIS, IN 46214


Chief Executive Officer

Signatures
/s/ Vincent Donargo, as attorney-in-fact3/4/2021
**Signature of Reporting PersonDate

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