Carlos Ruisanchez - Jul 1, 2024 Form 4 Insider Report for CEDAR FAIR L P (FUN)

Role
Director
Signature
/s/ Carlos A. Ruisanchez
Stock symbol
FUN
Transactions as of
Jul 1, 2024
Transactions value $
$74,623
Form type
4
Date filed
7/1/2024, 08:48 PM
Previous filing
Feb 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FUN Units of Limited Partner Interest Award $74.6K +1.37K +7.48% $54.35 19.7K Jul 1, 2024 Direct F1
transaction FUN Units of Limited Partner Interest Disposed to Issuer -19.7K -100% 0 Jul 1, 2024 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FUN Phantom Units Disposed to Issuer -6.24K -100% 0 Jul 1, 2024 Units of Limited Partner Interest 6.24K Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Carlos Ruisanchez is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 These units were granted pursuant to the Issuer's omnibus plan.
F2 Pursuant to that certain Agreement and Plan of Merger, dated as of November 2, 2023 (the "Merger Agreement"), by and among the Issuer, Six Flags Entertainment Corporation, CopperSteel HoldCo, Inc. (now known as Six Flags Entertainment Corporation) ("HoldCo") and CopperSteel Merger Sub, LLC, each unit of limited partner interest of the Issuer was converted into the right to receive one share of HoldCo common stock on July 1, 2024.
F3 Each phantom unit is the economic equivalent of one unit of limited partner interest in the Issuer. These phantom units are payable in units or a combination of cash and units when the Reporting Person's service to the Issuer ends.
F4 Includes additional phantom unit distribution equivalents accrued on deferred units exempt under Rule 16a-11.
F5 In accordance with the terms of the Merger Agreement, each phantom unit held by the Reporting Person subject to vesting conditions under applicable deferred unit award agreements were converted into one share of HoldCo common stock.